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Since no one is actually investing in Tether (since it’s a deflationary asset), I presume the only purpose of labeling it a “security” is to just make it illega

Since no one is actually investing in Tether (since it’s a deflationary asset), I presume the only purpose of labeling it a “security” is to just make it illegal. Given the fact that the trucker protesters were using Tether/cryptocurrency to fund their demonstrations, this is a very bad look for the Canadian government.

Galanwe 4y ago
Tether is not deflationary, its a centrally pegged stable coin. No tether is burned unless redeemed.
- UncleEntity 4y ago
  > No tether is burned unless redeemed. Which is the definition of monetary deflation…
  - JumpCrisscross 4y ago
    > Which is the definition of monetary deflation No, it's the definition of a shrinking money supply. Inflation and deflation are measures on purchasing power, not money supply.
    - UncleEntity 4y ago
      Well, you see, there are two types of inflation, monetary and price. Monetary inflation is when you increase the money supply through the printing press or digging up new gold or whatever. The converse for monetary deflation. Price inflation != monetary inflation though “they” want you to believe it is.
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- buzzert 4y ago
  Apologies, I meant inflationary (since the USD is inflationary).
  - Galanwe 4y ago
    USDT is not inflationary as well, as there is no interest rate applied to it, contrary to USD. This is in fact a real annoyance for USDT investors, as Tether does not pay the risk free rate, which they should, as any USD custodian would.
siwatanejo 4y ago
inflationary* FTFY
rswail 4y ago
> Given the fact that the trucker protesters were using Tether/cryptocurrency to fund their demonstrations, this is a very bad look for the Canadian government. Given that security regulators are regulating a crypto exchange with standard rules that apply to all crypto exchanges, I think it's a very good look for how a regulator should act. How a bunch of yahoo random protestors are "funding" their demonstrations is completely and utterly irrelevant. If they were using CAD or USD, would it make a difference to how the currency regulators should work?

Galanwe 4y ago

Tether is not deflationary, its a centrally pegged stable coin. No tether is burned unless redeemed.

UncleEntity 4y ago
> No tether is burned unless redeemed. Which is the definition of monetary deflation…
- JumpCrisscross 4y ago
  > Which is the definition of monetary deflation No, it's the definition of a shrinking money supply. Inflation and deflation are measures on purchasing power, not money supply.
  - UncleEntity 4y ago
    Well, you see, there are two types of inflation, monetary and price. Monetary inflation is when you increase the money supply through the printing press or digging up new gold or whatever. The converse for monetary deflation. Price inflation != monetary inflation though “they” want you to believe it is.
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buzzert 4y ago
Apologies, I meant inflationary (since the USD is inflationary).
- Galanwe 4y ago
  USDT is not inflationary as well, as there is no interest rate applied to it, contrary to USD. This is in fact a real annoyance for USDT investors, as Tether does not pay the risk free rate, which they should, as any USD custodian would.

siwatanejo 4y ago

inflationary* FTFY

rswail 4y ago

> Given the fact that the trucker protesters were using Tether/cryptocurrency to fund their demonstrations, this is a very bad look for the Canadian government. Given that security regulators are regulating a crypto exchange with standard rules that apply to all crypto exchanges, I think it's a very good look for how a regulator should act. How a bunch of yahoo random protestors are "funding" their demonstrations is completely and utterly irrelevant. If they were using CAD or USD, would it make a difference to how the currency regulators should work?