Quote from: justdimin on May 12, 2022, 10:04:54 AM

I do not believe that we should be trusting the other ones either. I mean think about it, UST dropped, because they failed the algorithm part of it, but what about the ones we just simply trust? Think about how big USDT is right now, we are talking about 80+ billion dollars trusted into just one company. What happens if we all decide to sell it? They will not be able to cash them all out.

This is what they are trusting as well as a company, they think that we won't sell it all together. I do not believe that it will never happen, maybe one day it could happen and that day will be a terrible situation for all of us and that is why I never put my money in there.

Of course all the others are risky as well. I have been saying that USDT is not to be trusted for many years now and nobody cares about it.

I hope that this UST is a good example for them and they will realize that they can't make this type of investment and get away with it because they are basically giving all of their money to some companies in this situation, which means that we are talking about these companies could be standing today, or could be bankrupted tomorrow, how can we 100% guaranteed about the companies being certain? We can't be and that is the problem, if we can't be certain about the situation then we shouldn't invest.