Anyone can explain why the drama surrounding tether is bearish for bitcoin?

>one cent for every dollar
Wut

tether is worth $1.01
So if you buy tether first you get an additional cent

>be whale
>billionaire
>buy tether with one billion
>get one cent for every dollar
>10 million tethers
>happy for donating 990million to bitfinex and friends

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Its priced in you brainlet

I really hope they don't get shut down soon but whatever happens happens. Gonna keep DCAing just like I've been doing all year

He's right, you know.

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Tether no longer matters with all the other pairings, including USD.

Find a good, new bubble that's not shilled much on biz. I suggest the dApp bubble via Chromia. Wait a year. Be wealthy. That's it.

How do we know BTC isn’t being pumped up by massive scams like Tether so that down the road when tons of normies put money into it, they collapse it and replace with a currency that functions more efficiently?

Do people seriously not understand printing money doesnt work. You cant just print usd forever which is what tether is effectively doing. It’s is a literal house of cards

brainlets liek you have been fudding tether for as long as its been around will never get your brainlet mind around the fact that real money has entered the eco system when someone buys tether with their bitcorns. tether goign bust literally will have no effect on the price of btc long term. the only people geting rekt will be the retards who sold their btc (that they bought with real fiat) for made up usd money.

That’s exactly what people said when mt goxt fud was being spread around here and the Wily bot fiasco. It’s the same shit...Tether will implode just like goxt did...this will crash for a bit and in a year or two we will be back to steady growth.

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If tether were backed by real money, tether going down would definitely affect the ecosystem.
Thats not even considering the clusterfuck tether holding exchanges woukd experience having 80% of their volume redirected

/thread

when will the USD dollar collapse? It's printed at a greater reserve than tether

it would go to USDC and DAI, wouldn't be a big deal

This whole tether thing is literally a distraction. BTC is a new asset class that didn't exist a decade ago, and is still in price discovery mode.
The tech is real and useful, and the game theory surrounding it makes it a superior store of value and reserve currency compared to fiat. It has a couple of unique use cases that literally didn't exist before it's invention. It's the birth of the internet of value and triple entry bookkeeping.
It's like gold has just ben invented and you're worrying about some of the people handling it being corrupt. People will always be corrupt around money.

USD actually backed by the biggest military in history

Yea, their trading volume would spike 170x without any problems amirite

Just use a binary to ASCII converter and you are good to go

01000111 01100101 01110100 00100000 01100010 01101001 01110100 01100011 01101111 01101001 01101110 00100000 01100110 01100001 01110011 01110100 0001010 0001010 01010011 01101001 01101101 01110000 01101100 01111001 00100000 01100111 01101111 00100000 01110100 01101111 00100000 01101000 01110100 01110100 01110000 00111010 00101111 00101111 01100010 01101001 01110100 01100011 01101111 01101001 01101110 00101101 01100111 01100101 01101110 01100101 01110010 01100001 01110100 01101111 01110010 00101110 01101111 01101110 01101100 01101001 01101110 01100101 0001010 0001010 01000001 01101110 01100100 00100000 01110100 01101000 01100001 01101110 01101011 00100000 01101101 01100101 00100000 01101100 01100001 01110100 01100101 01110010

If you’ve been keeping up with bitcoin, Ethereum and other cryptocurrencies over the past year, you’ve likely heard a lot about blockchain and its potential to revolutionize many industries. Another concept that has re-emerged as a result is called triple-entry accounting. At a high-level, triple-entry accounting is an alternative method of accounting in which a third component is added after the global standard debit and credit. It’s an interesting concept, given that it would be a significant departure from double-entry accounting, which the world of business has relied on for hundreds of years. It does not, however, have anything to do with blockchain.

why don't you retard understand that there's not enough volume to take that
have you see the volume on PAX USDC TUSD and USDS on binance
USDT volume is 10x more important

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why don't exchanges do a 1-1 swap to usdc or delist usdt it cant run autonomosly if they get (((shut down))) by the zog its a fucking ticking timebomb what do the bitfinex guys have over everyone REEEEEEEEEEEEEEEE

Becuase tethers isnt backed by anything but usdc is.

founded by usd printed freely
what a scam