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waxwing

2w ago

I don't consider either of them safe, at all.

But some people use these things as a lifeline (if admittedly far more use them ignorant of the risk).

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Do you have thoughts?

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cryptowolf

@cryptowolf

2w ago

I've never used either but have considered using them to take btc profits during the next bear cycle. But skeptical.

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waxwing

@waxwing

2w ago

No easy solutions. Nothing is as safe as self custodied btc really, maybe gold, maybe dollars cash. Everything has downsides.

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cryptowolf

@cryptowolf

2w ago

Does tether or usdc have any disasters in their history?

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waxwing

@waxwing

2w ago

No don't think so, but they have censored transactions and frozen funds. Also tether was created by the bitfinex people, who were hacked spectacularly in 2016.

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₿itcoin Revolution

@₿itcoin Revolution

1w ago

People were working on algo based stables but these maybe banned now because of the attack on these type of stables. I.e UST on LUNA.

We still could try working on a free floating stable as Nikolai Mushegian was working on before he drowned'.

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