3 ms·
Decentralization of a currency is great in theory but adoption has been abysmal. At least as an investment asset BTC has found a niche. Especially with billio
by gogopuppygogo 6y ago
Decentralization of a currency is great in theory but adoption has been abysmal.
At least as an investment asset BTC has found a niche.
Especially with billions of tether issued without any fiat behind it to keep the market extra liquid.
- charcircuit 6y ago>Especially with billions of tether issued without any fiat Do you have any proof of this? Tether is over collateralized by $164M. https://wallet.tether.to/transparency https://wallet.tether.to/transparency
- gogopuppygogo 6y agohttps://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal https://ag.ny.gov/press-release/2021/attorney-general-james-... https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 https://crypto-anonymous-2021.medium.com/the-bit-short-insid...
- charcircuit 6y agoNeither of these links support your claim. The first link says there was a period years ago where it wasn't true, but nothing about the current state. Your second link just shows that people and businesses prefer Tether over USD. It's also surprising that the author did not know that bitcoin is a very common half of a trading pair.