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by rkagerer 897 days ago
Maybe, but my rocks are better, faster, and more scalable!

Frankly we could probably get our rock ETF's approved more quickly. Regardless of how you feel about Bitcoin, it's not (or shouldn't be) the SEC's place to play nanny and dictate the particular assets/commodities/etc. in which you're allowed to invest your money. Incidentally even one of SEC commissioners agrees https://www.sec.gov/news/statement/peirce-statement-spot-bit...
1 comments
dovakin 897 days ago
Well as a matter of fact btc is none of these things compared to any other crypto, which are themselves not particularly any of these things.

But I agree with the fact it’s not the SEC’s role to tell us the merit of btc. I do have some worries on the Tether scam still going on for example though, which has been manipulating BTC for years.

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rvnx 897 days ago
No matter if it is a scam or not, at the end it worked. Similar to banks which don't have enough capital.

Now Tether owns tons of money, and can buy treasuries that bring few % of interests, and these interests are not paid back to USDT holders.

As a result, overtime, they'll be able to fill-in any potential gaps or money accidentally lost.

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teh_infallible 897 days ago
Impressive, isn’t it? They bootstrapped a stablecoin!

Edit: spelling

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