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Every exchange has their own "virtual dollars", i.e. the user deposits. How do you know they are real? Tether is just a way to securely transfer user deposits b
by Geee 9y ago
Every exchange has their own "virtual dollars", i.e. the user deposits. How do you know they are real? Tether is just a way to securely transfer user deposits between exchanges, and it's not more or less trustworthy.
- nosuchthing 9y agoIf the alligation is true that the supply of Tethers is created from nothing, they would have the ability to trade their millions of "dollars" for other cryptocurrencies, taking control of the supply of other blockchains.
- Geee 9y agoEvery exchange can fake their user deposits in the same way. Tether doesn't change that. We have to trust their audits.