3 ms·
So something like this? 0. Mint dollars backed by nukes and military and in anticipation of GDP growth 1. Create new cryptos out of thin air to suck in
by sabujp 5y ago
So something like this?
0. Mint dollars backed by nukes and military and in anticipation of GDP growth
1. Create new cryptos out of thin air to suck in dollars
2. Mint USDT in *anticipation* of swaps from non-stable cryptos. No dollars have actually been deposited yet!
3. USDTs actually come in? maybe, maybe not, maybe fuck yourself.
4. Loan out USDT to hedge funds for crypto futures trading.
5. Give back portion of interest to people who stashed the USDT.
2-4 is where it gets sketchy.