Quote:
Originally Posted by Wayne 962
Indeed. This appears as shady as it gets. I'll say it again, if there is to be widespread adoption of a digital currency, it has to start out better than all this. That's why I thought that Facebook's initial announcement that it was entering the fray (Libra) seemed like a good idea. Building a "stablecoin" off of a basket of currencies seems like the only real way to go. We'll see if they can accomplish this in 2021!
-Wayne
|
We have seen entire exchanges collapse under the weight of their own fraud, Mt Gox once upon a time was the largest exchange in an early bitcoin world. Google it and youll brush Tether off. I don't think the Tether issue will be the last time we'll see frauds try to scam a new market, but it won't stop crypto's march forward either. Stablecoin completely defeats the decentralized purpose though right?