New U.S. Stablecoin Bill Will Rein In Tether

Discussion in 'Crypto Assets' started by schizo, Apr 26, 2024.

  1. orbit23

    orbit23

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    Just a funny one i remember... This is CZ who is getting sentenced in a few hours from now.

    In crypto people are extremely gullible. But reasonably so because prices have been going CRAZY and any retard who had a strong enough belief could've gotten rich.

    And government has done little to nothing about it so far...

    They cracked down on ICOs so the retail couldn't buy... then VCs seeded the initial rounds and unloaded their bags at premium on retail.

    Nobody protects the retail. They only punish the bad actors once the damage is already done.
     
    #21     Apr 30, 2024
    Frederick Foresight likes this.
  2. Psychologically, I agree, but actually falling for it is the hallmark of someone lacking both perspective and critical thought.

    If membership in a social club went from $100 a year to $100,000 a year, a reasonable person would ask "what are the barriers to building an identical club across the street."
    The crypto crowd is just going "OMG it's limited and it's going up. Buy! Buy!"
     
    #22     Apr 30, 2024