4 ms·
Hear that? That's the sound of 41 million new tether coins entering the market
by missedthecue 5y ago
Hear that? That's the sound of 41 million new tether coins entering the market
- adflux 5y agoPerfect haha. Tether has figured out how to print money and nobody seems to care.
- rossdavidh 5y agoWell I think it's maybe more like how to do a GoFundMe on a massive scale.
- zardo 5y agoThey just printed $440 Million in technically not counterfeit USD
- Hamuko 5y agoWhere can I apply to get this silk glove treatment by the authorities when I start making "untrue or misleading" bank notes?
- BitwiseFool 5y ago"Stay out of my territory" - Jerome Powell, PBUH
- SilasX 5y agolol yeah: "So can we pay the fine in--" "No." (Reminds me of Zimbabwe having to come up with money to pay Switzerland for printing their hyperinflating currency.)
- pkulak 5y agoJokes aside, Tether can't both determine how many coins are in the market and the price of those coins.
- orthecreedence 5y agoNo, but apparently they can tell people "this is worth $1" and people will believe them, even if there's nothing backing it. On a long enough timeline what you say might be true, but in the short term it seems that most people haven't gotten the memo.
- pkulak 5y agoIt's worth one dollar because, at least until now, Tether has sold as many as people will buy for 1 dollar, and bought as many as people will sell for 1 dollar. I get that everyone hates Tether, and I'm not a huge fan myself, but that doesn't mean that high school econ gets thrown out because you're emotional.
- orthecreedence 5y ago> and bought as many as people will sell for 1 dollar From my understanding, they don't buy them back at all. Has this changed recently?
- deleted 5y ago[deleted]