What if Tether is fully backed, only, it’s entire customer base is comprised of mafia families around the world.
I have a great show idea for @CNN @MSNBC @FoxNews, here me out. Take 30 minutes every day and talk about the top headlines from around the world. We can call the show “The News”.
"About 71% Indians have low or zero trust in cryptocurrencies, according to a recent survey by LocalCircles. The survey added that 54% do not want the government to legalise cryptocurrencies but want them taxed on par with digital assets held abroad."
https://www.thehindu.com/business/markets/survey-suggests-71-have-low-or-no-trust-in-cryptocurrency/article37671635.ece
Web 3.0 will converge into Web 2.0 and end up functionally equivalent.
In order to get performance to an acceptable level, the number of nodes will keep declining until they roughly match the number of servers a centralized service would have used to deliver the same use case.
Why Proof of Stake may not be the answer. https://youtu.be/cqJrqgPhLq4
