toly 🇺🇸
toly 🇺🇸
SOL-USDT
SOL-0.23%
ETH-USDT
ETH-1.19%
USDT-USD
USDT+0.04%
TRX-USDT
TRX+0.84%
🧠🪱 for so many reasons. Tron doesn’t secure usdt. Tether does, with the full nodes they run. This is plainly obvious to everyone. This is why there is no bound to how much usdt tether can issue on tron. To tether, tron is as secure as ethereum. What about decentralized assets? Doesn’t the L1 secure those? No, solana doesn’t secure @OREsupply. The ore users who run full nodes do. The same exact concept applies. Those full nodes also happen to be solana full nodes. Decentralization means that any one of these users is equivalent to Tether, not all of them together. 1/N not M/N. It’s a really nice coincidence that Jito users who run full nodes can also be the 1/N node for ore and vice versa, but they don’t actually need sol stakers for security.
Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
“You really have to value these things on the amount that is secured… that's applications, assets, users, etc. because that is the base layer of all of these things" I'm sorry but this has literally no grounding in reality It's what you *want* to be true, not what *is* true
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