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It's interesting to note that it wasn't Tether which imploded, that everybody here say it's such an obvious scam that it will blow AnyMomentNow for 4 years, but
by 323 4y ago
It's interesting to note that it wasn't Tether which imploded, that everybody here say it's such an obvious scam that it will blow AnyMomentNow for 4 years, but Luna, Celsius and Three Arrows Capital, names that were not mentioned on HN at all.
- Kiro 4y agoHN is useless at predicting things. Posting here actively is basically to admit you're clueless.
- AlexandrB 4y agoConsidering we're talking about financial instruments: if you had inside knowledge that could help you time the collapse of something you'd be out there shorting it, not posting here. But I think it's safe to say that a lot of crypto assets are built on very shaky foundations. That's not the same as knowing when something will give though.
- ineedasername 4y agoA strange comment to make for someone who posts comments on HN as often as you do. Or was that mean to be self-deprecating humour?
- AlexandrB 4y agoThat's a bit revisionary. Every time someone posted about Anchor's "15% returns" there was at least one comment noting that this is unsustainable and probably a Ponzi scheme that will collapse. The thing with crypto is that there are so many scams and houses of cards that making an exhaustive list is difficult. People point to Tether because it's a house of cards that's #3 by market cap. Tether hasn't imploded yet but its market cap is dropping precipitously right now and if they're not properly backed they might run out of money to redeem USDT soon.