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So what happens if the owner of that billion attempts to convert one thousand into USD?
by pmontra 5y ago
So what happens if the owner of that billion attempts to convert one thousand into USD?
- deleted 5y ago[deleted]
- TheDudeMan 5y agoThey get one thousand USD (but I think they need to wait until a 3rd party wants to do the trade). That works right up until the inevitable collapse. Anyone who holds Tether is a fool. That's even dumber than buying an NFT.
- poetically 5y agoThis is the bottle imp paradox: https://boingboing.net/2019/02/07/the-paradox-of-the-bottle-imp.html https://boingboing.net/2019/02/07/the-paradox-of-the-bottle-.... The crash is far enough in the future that people don't worry about buying into USDT because they think they can sell it off before the inevitable crash.
- gitfan86 5y agoThey never will. There is no liquidity. How many crypto people have cashed out all of their money? The scam is to build up this community of people who are convinced that the USD is going to be worthless in the future and that crypto is going to be only way of buying things in the future. Like Maddof there is no end game, just keep telling people that their gains exist and that they are idiots if they cash out, forever.