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The Brady Supply Shock

Slate Money

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Cryptocurrency Is Backed by a Bunch of Bit Coined Backing

Tether, which is backed in a more, in a less theoretical way than terra, wobbled this week because terra wobbled. So people were like, oh, god, none of these things are real, and took a lot of money out. But i still think faith in this stuff has been rattled in a systemic way. Whether or not there's contagion, the market itself has been really destabilized. I don't no if that's the right word, but there's been a lack of faith in crypto,. Which runs on faith, ut doesn't run on anything else, exactly.

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