Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: DoubleEdgeEX on May 28, 2020, 07:00:50 AM



Title: Tether goes FED and servers go bsss
Post by: DoubleEdgeEX on May 28, 2020, 07:00:50 AM
Not sure what to think of that one: https://cointelegraph.com/news/bitfinex-is-constantly-printing-more-tether-none-of-it-has-ever-been-burned 

Makes me more reluctant to use it and switch to Pax.


Title: Re: Tether goes FED and servers go bsss
Post by: leea-1334 on May 28, 2020, 09:17:01 AM
Although,,, so what? People and countries have been doing that all the time. If people are refusing to get wise,,, let them continue using Tether as much as they want. I really hope the SEC comes down on it one of these days and then it all falls apart. This stablecoin nonsense is getting out of hand.


Title: Re: Tether goes FED and servers go bsss
Post by: timmmers on May 28, 2020, 06:37:22 PM
Although,,, so what? People and countries have been doing that all the time. If people are refusing to get wise,,, let them continue using Tether as much as they want. I really hope the SEC comes down on it one of these days and then it all falls apart. This stablecoin nonsense is getting out of hand.
The problem will happen after people stop believing Tether. Now the price is 1USD=1USDT because people believe that they will get same ratio in the future, but when majority start selling their USDT tokens it could be very big problem for USDT.