I stay away from USDT. The sooner it disappears, the better. We no longer need c... | Hacker News

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		landemva on Jan 16, 2022 \| parent \| context \| favorite \| on: It’s not still the early days of blockchain I stay away from USDT. The sooner it disappears, the better. We no longer need central authorities to create good trusted products. Centralized can suck (communism, Federal Reserve bailouts of banks they regulate). DAI decisions are decentralized and done by the DAI holders. You may want to check it out.

oneoff786 on Jan 16, 2022 | [–]

The potential for good actors isn’t really as noteworthy as a system that enables bad ones.

RF_Savage on Jan 17, 2022 | [–]

Wouldn't USDT crashing wipe out most large cryptos as well? 70% of BTC liquidity seems to be in USDT.

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