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From 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.
by biolurker1 6y ago
From 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-...