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They don't all work the same way. Some, like Tether, claim to be fully backed by USD. But it's similarly unstable and is spectacularly shady.
by ioniosdaionio 8y ago
They don't all work the same way. Some, like Tether, claim to be fully backed by USD. But it's similarly unstable and is spectacularly shady.
- h1d 8y agoThe smoke is already going up when, right now Tether has been at a value of $0.95 for more than a week and Bitfinex who is likely to be behind the Tether corp has its Bitcoin price above 5% above market average. Reminds me of MtGox when it its price was going off the rest of the market until collapsed.