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Tether is the BitTorrent of currency. It allows people with less access to financial products to get around the gate keeping institutions and enjoy USD stabili
by smoovb 4y ago
Tether is the BitTorrent of currency.
It allows people with less access to financial products to get around the gate keeping institutions and enjoy USD stability in countries where populations are financially restricted. Just like BitTorrent acts as a counterweight to a greedy entertainment industry, Tether acts as a counterweight to regimes who impose financial restrictions on their populations.
- klodolph 4y agoDoesn’t BitTorrent work, though?
- cycrutchfield 4y agoGreat analogy. BitTorrent is used to circumvent copyright protections. Tether is used to circumvent KYC and money laundering protections.