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> Also, they would not always want it in exact increments of $100 million, as has been the case. Not to question the Tether story but I don't understand this l
by thisisit 9y ago
> Also, they would not always want it in exact increments of $100 million, as has been the case.
Not to question the Tether story but I don't understand this line of argument. What is the problem with exact increments?
Sure, the tokens have to be issued only if the issuing conditions are met. But given the number of hacks, wouldn't people want to use the issuing account sparingly? You know, use the issuing account to issue tokens in fixed increments to build up reserves. The move these reserves to be held in another account.
- tim333 9y agoThe theory behind tether is it's backed by US dollars so if investors send in 1234 usd they should be held in reserve and 1234 tether issued against them. If they are issuing them in lots of 100 million it suggests they were not bothering with the whole receive dollars from investors and hold them bit.