3 ms·
For 5 years now every few months articles like these pop up. Nothing happened and will not. It's just based on misinformation and fear mongering.
by biolurker1 6y ago
For 5 years now every few months articles like these pop up. Nothing happened and will not. It's just based on misinformation and fear mongering.
- tim333 6y agoI'm with you on that apart from "will not." It's hard to predict the future. Also at the Dec 2017 peak tethers market cap was about US$1bn and now $20bn for much the same bitcoin price suggesting they may have to print more to prop things up. Or not. Dunno - quite interesting to watch.
- biolurker1 6y agoFrom your sentence it's clear you don't understand how tether works and you think BTC price and tether issuance should be relative to each other.
- tim333 6y agoIt's true I don't understand how tether works and I'm not sure anyone does apart from insiders. I'm fairly sure it's not just send them 1 US$ and they issue 1 tether and hold the dollar anymore. Also there's this stuff: >David Miller, an attorney for Bitfinex said: “Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin.” https://www.theblockcrypto.com/daily/24139/tether-admits-in-court-to-investing-some-of-its-reserves-in-bitcoin https://www.theblockcrypto.com/daily/24139/tether-admits-in-...