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What's stopping them from just printing tethers without dollar backing and injecting them into the market?
by throwaway6734 4y ago
What's stopping them from just printing tethers without dollar backing and injecting them into the market?
- stavros 4y agoTethers aren't dollar-backed, are they? You just create as many tethers as you want out of thin air, and you sell them for a dollar each. If people want to sell them back, you (presumably) have the dollars still.
- Gigachad 4y agoConsidering how much marketing there is over “decentralised” and “trustlesss”, crypto systems are remarkably based in trust.