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> Tether and exchange deposits are obviously not cryptocurrency As you say, that is obviously true. Almost as obviously true should be that they are (or at lea
by beefield 7y ago
> Tether and exchange deposits are obviously not cryptocurrency
As you say, that is obviously true. Almost as obviously true should be that they are (or at least very hard try to be) _money_. And that should roughly as obviously point to the conclusion that one of the central tenants of cryptofolks' philosophy, fixed money supply, is broken. Fairy tale. Utter crap. Or whatever is your favourite idiom for something that simply, completely, demonstrably and blatantly untrue.