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The fact that Tether even counts as "crypto" shows that "crypto" is not about trustless decentralization, but about get-rich-quick schemes and money laundering.
by pornel 4y ago
The fact that Tether even counts as "crypto" shows that "crypto" is not about trustless decentralization, but about get-rich-quick schemes and money laundering. The entire value of Tether depends on putting blind trust in a private company issuing it.
- Psychoshy_bc1q 4y agoyes "crypto" is a scam. Bitcoin is the revolution.
- WontGetFooled 4y agoAnd Bitcoin Cash is Bitcoin.
- pornel 4y ago
- cowtools 4y agoWho gained from the BCH fork? Curious. The only people with anything to lose are those that bought BTC after the fork.
- not_really 4y agoBCH is another well-positioned scam, that you have unfortunately fallen for.
- postalrat 4y agoIt's the real bitcoin. Unfortunately that is more difficult to understand than a simple name.
- Stention314 4y agoPeople understand what you mean they just don't agree with you...
- doorman2 4y agoI wouldn’t say tether shows that trustless decentralization is irrelevant. Rather, the existence of tether proves the need for stable coins. What was interesting about LUNA is the attempt to create an unbacked stable coin. That would have been a true innovation had it worked.
- quickthrower2 4y agoTether is decentralised in the sense that other stable coins can compete. In reality though a basket of even multiple of these coins would still feel too risky to me. Especially as I am already eating inflation on it! And banks can pay interest now.
- xwolfi 4y agoJust like the USD then, you can take Yuans if you dare, freely. I live in Hong Kong where we all have multi currency accounts, and for me currencies dont feel centralized at all.
- dontbenebby 4y ago