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If I could buy tulips on cryptoexchanges with freshly printed Tether, I could bid the price of tulips up. If the majority of tulip trades took place on crypto e
by notahacker 6y ago
If I could buy tulips on cryptoexchanges with freshly printed Tether, I could bid the price of tulips up. If the majority of tulip trades took place on crypto exchanges and much of that was bidding the price up with newly printed Tether, tulips would be exactly as useful as before, but cost a lot more. As such, if Tether were to collapse, people's bulbs would be worth a lot less. Tulips would still be tulips, but they'd be part of a Tether bubble.