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Tether will be to Mt. Gox what Little Boy was to a firecracker.
by optimalsolver 5y ago
Tether will be to Mt. Gox what Little Boy was to a firecracker.
- randomhodler84 5y agoCute but no, the ratios are totally off. Gox was bigger than Coinbase is now relative to the share of trades. Gox traded more BTC in its brief history than any other organization possibly can again for the rest of human history. The whole market cap of Tether is a blip, and there are several liquidity pools on public chains that would sustain their value in a confidence collapse situation.
- deleted 5y ago[deleted]
- kmonsen 5y agoIs this true? According to https://en.wikipedia.org/wiki/Mt._Gox https://en.wikipedia.org/wiki/Mt._Gox at most .5 billion was missing from Gox but from is described here a lot more can be lost from Tether if it goes black hole?
- kelp 5y agoIn dollars, almost certainly not. Maybe in number of BTC that traded hands?
- randomhodler84 5y agoYes. The only yardstick to use. In 50 years the routine theft of billions may not even merit media attention.