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The path toward Binance and Tether's ultimate collapse is not hard to see, which would almost guarantee the collapse of the whole system.

• friend_and_foe 4y ago
  Why would it collapse the whole system? These blockchains run themselves, the ones worth a shit anyway. They were here before these companies, there's nothing fundamental that prevents them from being around after. I am not really convinced of Tether having trouble anymore. I've been hearing it for years. They seem to have gotten lucky and cleaned up their act before collapsing, every time they do an audit or anything the last few years they show full collateral backing their assets in circulation. With regard to binance, I couldn't tell you one way or another, but they've survived more than one cycle so they probably know what they're doing.
  • nemo44x 4y ago
    I think you’re over thinking it. The .com crash didn’t affect the internet being around. But it decimated the eco-system of that era.
    • friend_and_foe 4y ago
      Did it? Or did the cruft just fall to the wayside where it belongs. From my recollection the panic lasted a year and within 5 years the companies that were part of it actually doing interesting things were valued much higher than at the peak of the bubble. All it decimated were hype merchants and their lemmings. Hopefully the same is true here. I think it will be.