1. Why are you not optimistic about USDT? Which stablecoin is more reliable?
USDT, like USDC, is a centralized stablecoin, and their credit needs to be collateralized by sufficient US dollars or US dollar assets.
How do we know whether they have sufficient assets as collateral? We can only see whether they have public and transparent information in this regard.
USDC is relatively transparent in this regard, as its assets are held in custody by banks and it has provided audit information. However, USDT is a little worse, as it also says that it has an audit, but it does not seem to have provided convincing information.
My favorite is the decentralized stablecoin that uses over-collateralization. Currently, the more typical stablecoins of this type are DAI, and others include LUSD, GHO, and crvUSD.
Among these decentralized stablecoins, DAI has the best liquidity, LUSD has too little liquidity, and GHO and crvUSD were both launched not long ago.
At present, my favorite is still DAI. In the future, if the liquidity of other decentralized stablecoins gets better and better, I might also consider other stablecoins.
However, in terms of liquidity, decentralized stablecoins are generally not as good as centralized stablecoins. So if you consider liquidity, choose a centralized stablecoin, USDC will be more reliable than USDT.
2. I feel that the blogger has a lot of opinions about RWA. Big capital is not a bad thing. Only the combination of centralization and decentralization can make Web 3 enter thousands of households as soon as possible.
My view on RWA has always been relatively clear: this track is good and is more beneficial to centralized institutions, but it does not mean much to retail investors. Recently, this trend has become more obvious, and the two top Wall Street giants (BlackRock and Morgan) have begun to speak out and take action on RWA more and more.
I remember that BlackRock even shouted on various occasions recently: asset tokenization is a major trend---in fact, this statement was mentioned as early as 2018 and 2019 when STO just emerged. At that time, BlackRock did not seem to pay attention to crypto assets.
Why are these institutions becoming so enthusiastic now?
The reason is simple. To carry out RWA, the key link lies in supervision, and the ones who can handle supervision or work closely with supervision are these Wall Street giants.
So they are increasingly aware that this is a big piece of fat meat that belongs to them. In this case, it is definitely not the turn of individual investors to eat the meat, so it is good enough to be able to drink the soup.
We can think about the miracles that are repeatedly created by retail investors and grassroots in the crypto ecosystem, such as various innovations, arbitrary coin issuance, fair launch, etc. Can these actions happen in an environment full of supervision and restrictions?
It is even less likely that MEME, the coin most favored by retail investors, will be created in such an environment.
So as a retail investor, I will pay attention to the development of RWA, but I don’t have much passion for it.
3. Didn’t you say that WLD should be bought when it drops to a certain level? Now it is low enough, should you still buy it?
If WLD here refers to World Coin, then my opinion on this project has not changed: I didn’t like this project from the beginning, especially its practice of identifying personal identity by collecting irises.
I have written about this point in many of my previous articles.
I have not purchased this token and will not purchase this token now or in the future.
I also wrote: Ultraman is great in artificial intelligence. But judging from his interviews, behavior and style, his thinking is very typical of centralized, strong control and centralized management. This kind of thinking is in strong conflict with the decentralized crypto world.
From this we can see that if he leads a crypto project, that project is only formally disguised as a blockchain, but in essence it is just a project that is more beneficial to centralized institutions.
