3 ms·
Well, when you can't exchange Tether for USD and they can print as much as they want, and everybody just takes their word that they have the cash backing up the
by f430 6y ago
Well, when you can't exchange Tether for USD and they can print as much as they want, and everybody just takes their word that they have the cash backing up the 1:1 ratio which is volatile (when it shouldnt')
If it quacks like a duck, looks like a duck, it probably is a duck. But hey, I'm just a buttcoiner.
- 40four 6y agoYeah, you can exchange them for USD if you have a minimum transaction of $100,000 :)
- whitepoplar 6y agowonder what would happen if you tried to do $100M...shouldn't be a problem, right?
- 40four 6y agoHaha, good question. My guess is Tether Limited would very happy to collect their $100K in transaction fees and send you on your merry way. https://tether.to/fees/ https://tether.to/fees/
- spurdoman77 6y ago> everybody just takes their word that they have the cash backing up the 1:1 ratio Most people dont care if they have full reserve. I dont care if there is full reserve at my bank. I care that there is enough reserves.
- lupire 6y agoBanks dont base their entire operation on a lie that they have 100% reserves. And the exact reserves are audited.