Crypto collapse: SEC takes on Terraform and Coinbase, ETF fallout continues, Tether is for crime

Moron-Backed Securities and Collateralized Rugpull Obligations.

26 comments

CoinDesk insists that dumping a mountain of ETH is good news for the price.

Aw dawg I have no background in finance or economics and even I know that this isn’t how it works, unless you’re in a bubble
I think we'll finally find the stable market price of BTC now that the ETF is here. Maybe people will actually use it as a currency now.
- really feeling that squeeze, huh? how many have you got to sell?
  
  I have no stake in BTC, I just have GRLC
- Paying 5 dollars per transaction (more if it actually does see an increased use as currency) seems like a bad deal for most transactions outside of large international payments, and even then there's the hassle of conversion to a locally usable currency.
  
  monero is the answer to this. Divisible into smaller parts and the fees cant go stupid high because of a dynamic block size. Fees are <=USD$0.01 per transfer and its being used as money not just for speculation.

26 comments