The German dictionary is getting a lot of use today.
KevinC
3588
Down 12.5% today. This is good for Bitcoin.
You guys are looking at it all wrong. I can buy the dip, then tomorrow I can buy the dip again! It’s basically infinite money!
NFTs inherently have lots of value on their own as amazing works of art. So surely all NFTs are worth much more etherium now than they were a few weeks ago, right? I bet those NFT holders are just loving it out there right now.
/s
This is probably legit and nothing terribly out of the ordinary - plenty of companies get DDOS attacks. But I imagine a lot of people are nervously waiting to see if Tether suddenly posts, “Because of the DDOS attack, we are forced to temporarily halt transactions. Please address further inquiries to 1060 West Addison Street, Chicago, IL.”
Jazar
3593
This is all obviously Biden’s fault because he fell off his bike.
Sharpe
3594
Watching this is making me recall an iconic image of my childhood.
I feel a foundational error of all these “stable coins” was calling an essential function “pegging”.
That was just asking for Fate to, well, you know. And seems she is enthusiastically obliging.
This thread finally brings me joy.
JoshL
3603
Someone was mentioning Tether, dunno if this means anything but:
A month ago there was $83 billion of Tether outstanding, now there is $68 billion. That means $15 billion of Tether was converted into USD. We know that Tether isn’t really backed 1:1 with USD (they don’t even claim that it is anymore, they say it’s mostly in commercial debt), but so far they’ve been able to make those payments.
But those stairsteps at the end there are almost $1 billion in Tether being withdrawn (converted back to USD) every day. It does seem like they aren’t going to be able to keep that up forever.
The pegging jokes, schadenfreude, or anticipation that the best stories are yet to come?
I think it’s the drooping graphs LOL.
