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> Tether exists to normalize arb opportunities between exchanges. That's what it was created for. What things are created for and how they actually behave ofte
by notthemessiah 9y ago
> Tether exists to normalize arb opportunities between exchanges. That's what it was created for.
What things are created for and how they actually behave often diverge.
- darawk 9y agoSure. Not claiming it can't have secondary effects. But there's no argument been presented that establishes that it does.
- mannykannot 9y agoDoes not the claim, that Tether is not actually backed by dollars, also double as an argument that it would be difficult for it to behave as intended? - i.e. to the extent that the former may be correct, the latter is likely?
- darawk 9y agoClaiming that it doesn't behave as intended is not equivalent to claiming that it pumps the price of Bitcoin.
- otp124 9y agoWasn’t it _actually_ created to allow export of funds after the parent exchange was banned by the US and Taiwanese banking systems?