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Bitcoin and Tether

Posts 16–30 of 52 · Page 2 of 4
you were right about bitcoin dropping back in December
#19 ·
Wether it's falling or rising at the moment, i twill rise in a long view. Wheter it's $500 in a week or not, I'm pretty sure it will be so much more worth it in just a few years.
#22 ·
USDT stays close to USD, so no big deal.
#23 ·
Quote Originally Posted by alia_armelle View Post
USDT stays close to USD, so no big deal.
that's crazy talk right there.
#24 ·
Quote Originally Posted by RustySteel View Post
that's crazy talk right there.
How so? Do you not understand that at any point in time, you can turn usd into usdt and vice versa? Retard
#25 ·
Quote Originally Posted by alia_armelle View Post
How so? Do you not understand that at any point in time, you can turn usd into usdt and vice versa? Retard
well you probably can't since there is a good chance that every tether is not backed by a usd
#26 ·
Quote Originally Posted by alia_armelle View Post
USDT stays close to USD, so no big deal.
Being linked to USD doesn't mean anything. If you read the articles or did the research, the problem is they are generating USDT without being backed by a dollar.

Quote Originally Posted by motorstorm777 View Post
Heres the good news. Alternatives to Tether (that have much more important backing) are being released soon. IF they can take over tether quicker than it can explode it may be fine.
Don't think we need another Tether... just like we don't need a million other worthless shitcoins
#28 ·
Quote Originally Posted by alia_armelle View Post
How so? Do you not understand that at any point in time, you can turn usd into usdt and vice versa? Retard
you aren't really that dumb are you? what a joke
#29 ·
Quote Originally Posted by RustySteel View Post
you aren't really that dumb are you? what a joke
If all you can do is call me dumb without an argument, then you are dumb.

Quote Originally Posted by Dave84311 View Post


Being linked to USD doesn't mean anything. If you read the articles or did the research, the problem is they are generating USDT without being backed by a dollar.



Don't think we need another Tether... just like we don't need a million other worthless shitcoins
You are forgetting that iFinex is a parent company of Bitfinex, and Bitfinex is a firm that earns literally hundreds of millions of dollars every day in the form of trading fees, margin funding fees, private OTC sales, frontrunning, etc etc etc. You have no idea how much money they are minting. It is not hard at all to believe that every USDT is backed by one USD. And even if it is not, you don't seem to understand that if people can exchange between USDT and USD freely then there is literally no problem at all. It is a theoretical problem, not a practical one, since it doesn't cause an inconvenience to anyone.
#30 ·
Heres the good news. Alternatives to Tether (that have much more important backing) are being released soon. IF they can take over tether quicker than it can explode it may be fine.
#27 ·
Posts 16–30 of 52 · Page 2 of 4

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