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And you know that, in reality, it's not guaranteed, right?
by s73ver_ 9y ago
And you know that, in reality, it's not guaranteed, right?
- darawk 9y agoYes. But that is likely a way of trying to skirt money laundering laws by saying technically it's not equivalent to USD. The fact of the matter is that they do redeem it 1:1, and have this whole time.
- s73ver_ 9y agoI cannot believe that, especially with that line in their TOS. Saying, "They're only saying that to skirt the law!" doesn't make things any better.
- darawk 9y agoWell, it may not make things better from a moral perspective, but it does make things better from a value-of-tether perspective.
- s73ver_ 9y agoNo, it very much doesn’t. If they’re willing to skirt laws for that, what makes you think they won’t skirt you?
- darawk 9y agoYou seem to be binarizing a non-binary thing. If they are financially insolvent that is objectively worse than if they have routed around some banking laws. The probability of repayment on one is much greater than the other.