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1  Alternate cryptocurrencies / Altcoin Discussion / Could Tether (USDT) be really called decentralized cryptocurrency? on: October 23, 2020, 06:30:24 PM
The first sentence in the white paper of Tether (USDT) says the following. A digital token backed by fiat currency provides individuals and organizations with a
robust and decentralized method of exchanging value while using a familiar accounting unit.

Now don't get me wrong. I use USDT a lot, in fact I love it. The fixed price of $1 while being a cryptocurrency makes crypto transactions for purchasing services easy and beautiful.

But I keep thinking of how original paper money was created. In history we had gold for trading. Then gold became inconvenient so bankers offered to hold gold for paper that verifies how much gold is owed to customers. Then this paper became more convenient and was used instead of gold with the trust that its backed by gold. Then this paper a long time later became a currency that isn't backed by gold anymore.

Could the same happen with USDT. If everyone decided to claim original $$$ with their USDT, would Tether Limited issue it all making the price worthless?

Anyway the point I am trying to make is that Tether (USDT) is centralized around the Tether Limited's will to keep it going. This company is basically like a bank too.
2  Economy / Auctions / Selling my website on: October 21, 2020, 07:28:29 AM
I am new here and I never sold a website before or started an action on anything so I am very inexperienced with this. That said, I am willing to sell this website because I don't have any motivation to continue with this niche. The website earned me $3000 from ads few years ago.

Website: anxietyrelax.com
Starting bid: 0.04 BTC
Buy it now: 0.1 BTC
End date and time: 31st December 2020
Payment methods accepted: BTC, ETH, USDT
Additional information: I think domain price itself for this niche should be worth a lot. Website is old and has relevant information on this niche, but I think that traffic to it is not good at all. The buyer might need to do some advertising and changes to get it going. I am just not motivated in this niche anymore, but I think it can still be profitable.
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