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Author Topic: I’ve been in Bitcoin for 5 years, and USDT is the greatest threat I’ve seen!  (Read 280 times)
passwordnow
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May 03, 2019, 08:39:14 AM
 #21

In the past I've used Dogecoin for this.

this is most people have forgotten. before coins like Tether became a popular thing everyone was using coins like Doge which had a low fee and higher speed with a relatively stable price (relative to the time they kept them which was until the funds moved from one place to another). that is why it still has a high volume.
the funny thing is, nobody ever said Doge increased the price of bitcoin! but they do say it about Tether although they both have nearly the same supply and exact same usages.
Everyone looks at Dogecoin now as the meme coin of the crypto market, yeah no one has ever said that it will increase more than bitcoin has.  Wink

When you use stable coins you have to trust the issuer. Crypto currencies are about not trusting anyone. I've never trusted nor used USDT.
I've never used USDT either but I'm aware of the fact of the issue that it is being involved right now, not really now but from the past. The bad part has been gradually exposed and more and more crypto folks are starting to realized that they shouldn't support it. We're all aware of it here but for those folks that will continue to support it, they can't see the other side of it.

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poodle63
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May 03, 2019, 11:03:36 PM
 #22

When you use stable coins you have to trust the issuer. Crypto currencies are about not trusting anyone. I've never trusted nor used USDT.
I've never used USDT either but I'm aware of the fact of the issue that it is being involved right now, not really now but from the past. The bad part has been gradually exposed and more and more crypto folks are starting to realized that they shouldn't support it. We're all aware of it here but for those folks that will continue to support it, they can't see the other side of it.
Not all of the stable coin has a lousy history, but tether has it. Tether is a flawed company because they don't even wanna do an audit to their reserved funds. You are wrong because we need stable coin and that should be the real stable coin that backed by the dollar. They have been seeing it for a long time ago, but not so many exchange sites are accepting various stable coins. That forced them to use tether but not this time.

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May 04, 2019, 12:04:52 PM
 #23

This sounds like money is coming from out of thin air and that's what is our centralized govt doing, which is not liked by the most crypto enthusiast, I believe. So, Bitfinex can print tether anytime and act as our govt? Fuck this loophole.
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