Preston Byrne

Litecoin, a cryptocurrency nobody uses, is now comparable in notional value to the silver market.

Just because a document shows a certain bank balance amount on a certain date doesn't mean the funds are unencumbered/free and clear.

An audit, which Tether refuses to provide and which companies large and small undertake on a regular basis, would answer that question.... Additionally, assuming, arguendo, that Tether is backed 1:1 (which I otherwise do not), that much cash sitting in a bank should trade not at par but at a discount commensurate with the credit rating of the bank.

Cardano and Marmotcoin currently processing roughly the same number of on-chain txs.

Cardano and Marmotcoin currently processing roughly the same number of on-chain txs.

Reminder: the DAI stablecoin's "stability" has failed, in the past, when bots stop functioning. Its gravity-defying character amidst a massive price collapse when the whole market is looking for liquidity makes little sense.

The high degree of collateralisation and attendant risks participation in the [Bitshares] ecosystem requires means that returns have to be astronomically high to justify such participation, levels of returns really only seen in very limited circumstances. I’m forced to conclude that the only way BitShares makes sense is in the context of asset price speculation on the BitShares themselves.

Ethereum's problem — and [decentralized finance's] problem — is that absent traditional, legal means of taking security, all secured transactions have to be 100% cash collateralized (or more, in the case of e.g. Dai), which is hugely inefficient from a cost-of-capital standpoint.