> Even if tether wasn’t backed by dollars on a 1:1 basis, it would have a small impact on the current market cap of bitcoin. Are you joking? You seem to think

> Even if tether wasn’t backed by dollars on a 1:1 basis, it would have a small impact on the current market cap of bitcoin. Are you joking? You seem to think the world works only by mathematical formulas but in fact if the crypto market is run by a shady stable coin, I'm sure there will be a huge panic sell with hundreds of news sites stating crypto market was run by fraud and bunch of blogs mentioning "told you so" further upsetting all investors. I wish other legitimate stable coins gain more market cap to replace tether before it explodes in the face of traders.