Quote from: stompix on February 13, 2018, 07:58:55 PM

Stop looking at coinmarketcap.
Those numbers mean nothing, one single sell of 1m can bring a coin down by x100.

I hear you, but currently CMC is the best gauge of the size of the market. You can argue that coinmarketcap is bullshit because a single sale moves prices down, but you can say that about stocks or any other market in which we calculate the value of the whole by the price of a single issue. You are literally arguing against how everyone has agreed we would take stock of a market for the last 100 years, and that's fine, but that doesn't make my response less valid.

Currently, still, Tether accounts for $2B of assets against the widely agreed upon calculation of the whole market, which is currently (and perhaps, yes, incorrect in theory and execution) of $420B. If you are to argue that the market is not worth $420B, you can EASILY apply the same rationale to stocks and other such assets and essentially everything else all of civilization measures itself outside of GDP. But it still stands, 2B is a small fraction fo 420B, and while the optics are terrible, if it turns out to be a total fraud (highly doubtful, it's a tiny amount of money in the right perspective) it won't mean much, really.