/biz/ - Business & Finance

File: 17 KB, 800x340, usdcd.png [View same] [iqdb] [saucenao] [google]

Anonymous Sun Nov 13 07:49:37 2022 No.52399951 [Reply] [Original]

Is it safe?

>>	Anonymous Sun Nov 13 07:51:18 2022 No.52399975 If it isn't, I will kill myself

>>	Anonymous Sun Nov 13 07:56:14 2022 No.52400043 >>52399951 it's not. usdc is tied to ftx & goldman sachs, go figure

>>	Anonymous Sun Nov 13 07:58:30 2022 No.52400078 >>52399951 no, circle can freeze it, regulators can force kyc and fed can ultimately rug it stick to BTC and self-custody for fuck's sake, you didn't learn anything?

>>	Anonymous Sun Nov 13 08:00:02 2022 No.52400099 >>52399951 no read about the tether treasury paper analysis from 2017/8. it mentions usdc and other stablecoins being pretty much scams

>>	Anonymous Sun Nov 13 08:04:08 2022 No.52400156 whats the safest stablecoin?

>>	Anonymous Sun Nov 13 08:04:59 2022 No.52400165 >>52400043 What's the FTX connection? >>52400078 Very true, but I was more wondering about USDC's safety in relation to the current shitshow >>52400099 QRD on the nature of the scam?

>>	Anonymous Sun Nov 13 08:08:23 2022 No.52400209 >>52400156 they are all scams

>>	Anonymous Sun Nov 13 08:09:47 2022 No.52400226 >>52399951 No. What is counterparty risk?

>>	Anonymous Sun Nov 13 08:12:18 2022 No.52400248 >>52400156 There are a couple gold backed audited coins. PaxG, etc. Probably significantly more solvent than Dollar based coins. Harder to bullshit an auditor on pallets of gold versus "reserves" in god knows what.

>>	Anonymous Sun Nov 13 08:13:47 2022 No.52400260 >>52400156 LINK

>>	Anonymous Sun Nov 13 08:15:17 2022 No.52400279 >>52400099 But Tether is even more of a scam, isn't it? I am holding all my money in BUSD/USDC (50-50) and I am worried it might not be safe enough, but I don't wanna ride the bitcoin train while it's still going down.

>>	Anonymous Sun Nov 13 08:17:50 2022 No.52400309 >>52400156 Probably TrueUSD or something. You can redeem it yourself on their official site. It's backed 1:1, but nothing is really safe in the crypto space.

>>	Anonymous Sun Nov 13 08:21:42 2022 No.52400356 >>52400156 Rai and lusd

Anonymous Sun Nov 13 08:22:44 2022 No.52400365

>>52400279
Other than taking on unnecessary counterparty risk, your holding an asset pregged to an asset that's losing it's value daily. It's a bad move. The market isn't going to flip anything soon. Either cash it out and buy short term treasuries or buy Bitcoin and forget about for a few years.

>>	Anonymous Sun Nov 13 08:24:28 2022 No.52400384 >>52400365 Cashing out is not an option, my turd world currency is deemed to inflate to hell because a literal communist will assume power next year.

>>	Anonymous Sun Nov 13 09:19:36 2022 No.52401019 >>52400078 >riding btc down to 2k to own le centralized baddies Genius plan

>>	Anonymous Sun Nov 13 09:47:21 2022 No.52401383 >>52399951 USDC is the safest of all stablecoins

>>	Anonymous Sun Nov 13 09:49:45 2022 No.52401408 >>52399951 DAI

>>	Anonymous Sun Nov 13 09:50:28 2022 No.52401415 >>52400156 Tether

>>	Anonymous Sun Nov 13 10:09:48 2022 No.52401635 >>52400156 TUSD

>>	Anonymous Sun Nov 13 10:41:05 2022 No.52401996 >>52399951 i hope all stables rug so these smug shorters and sellers suffer like me

>>	Anonymous Sun Nov 13 10:42:33 2022 No.52402012 >>52400156 BUSD by far.

>>	Anonymous Sun Nov 13 10:44:20 2022 No.52402026 >>52400099 Checked and lmao lol at tether calling usdc a scam. Though both are probably pigs

>>	Anonymous Sun Nov 13 10:44:20 2022 No.52402025 File: 20 KB, 646x431, 1637220608810.jpg [View same] [iqdb] [saucenao] [google] mumu revenge

>>	Anonymous Sun Nov 13 10:50:12 2022 No.52402089 File: 42 KB, 573x573, 1630356141004.jpg [View same] [iqdb] [saucenao] [google] >>52399975 seconded so I guess we are toast

>>	Anonymous Sun Nov 13 11:03:02 2022 No.52402246 >>52400156 DAI

>>	Anonymous Sun Nov 13 11:03:46 2022 No.52402253 >>52400156 DAI

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]