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Yes, I know it's volatile and has practical issues. It gets better every day, because it's just a matter of maturing in the market. The primary purpose of money
by Geee 4y ago
Yes, I know it's volatile and has practical issues. It gets better every day, because it's just a matter of maturing in the market. The primary purpose of money is to be a store of value, which it has done very well, from 2009 to this day.
USDT minting means that someone buys USDT with USD. There's nothing funny going on. Most of the USD in this market is invisible, because it's on exchanges, not in stablecoins. There's also USDC and BUSD, which are combined as big as USDT. I hope Tether falls, if that means cheaper Bitcoin.
- rglullis 4y ago> USDT minting means that someone buys USDT with USD. No, it does not. Even themselves admitted it. They have minted before just based on the "value of their reserves", which no one can really verify. If you continue with arguments that are provably false and blatant circular logic, I think I am done here.