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The problem with his argument about stablecoins is he didn't actually mention Tether, he just said whatever isn't failing. So basically after Tether fails the
by Judgmentality 4y ago
The problem with his argument about stablecoins is he didn't actually mention Tether, he just said whatever isn't failing. So basically after Tether fails the goal posts are moved and now all the stablecoins that haven't failed yet are held up as an example of success.
Speaking of Tether, it's lost 25% of its market cap since May.
https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/
- randomhodler84 4y agoYes, through redemptions. So we know $10s of billions is real — at least! It’s a stablecoin, so market cap is simply the amount printed.
- Judgmentality 4y agoKeep investing in that hopium, cryptobro.
- randomhodler84 4y agoI prefer “Bitcoiner”, I’m not into ‘crypto’, bro.
- Judgmentality 4y agoHN needs more parody accounts. Thank you for your service.
- hgsgm 4y agoThe problem is that if Tether is under-collateralized, redemptions bring it closer to bankruptcy.