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Tether and the Great Crypto Ice Age

• jqpabc123 5y ago
  Long story short --- stable coins are backed by fiction.
  • gjvc 5y ago
    the term "stablecoin" is some diabolical newspeak.
    • jqpabc123 5y ago
      In the old days, they were called "wooden nickels".
      • gjvc 5y ago
        https://en.wikipedia.org/wiki/Wooden_nickel https://en.wikipedia.org/wiki/Wooden_nickel -- the similarities are startling.
• mikewarot 5y ago
  My understanding is that these "stable coins" exist solely to allow the transfer of funds to places outside US oversight, places which offer insane amounts of leverage to gamble (invest?) in cryptocurrency. I expect to eventually spend $1.00 to buy a bitcoin, for old times sake, after this implodes.