Need not just stimulus but usdt stimulus

[dothebeats]

This does not guarantee that the money would go back to the economy. The purpose of the stimulus fund is to actually stimulate the economy and make sure that money is revolving around the domestic economy to help some of the main industry/sectors. Traders would just make money out of money, and it will only go amongst themselves and not help the immediate economy, so why should they be given free money?

[The Sceptical Chymist]

Exchangers should do air drops of usdt to active traders.

What?  First of all, I think the government (I'm talking the United States here) is being irresponsible by sending out even more stimulus checks instead of trying to get people back to work.  Who do you think is going to pay for all of that money?  You guessed it, the taxpayers.....eventually.

Second, crypto doesn't need any stimulating, because even a cursory glance at bitcoin's price chart would tell you that it's thriving and isn't exactly in need of more speculation, which is exactly what would happen if exchanges started throwing money at their customers.  Then we'd be in a real bubble that would probably put 2017 to shame. 

You've got some seriously crazy ideas, OP.  This one in particular doesn't make a hell of a lot of sense.

[cryptoboss2020]

Exchangers should do air drops of usdt to active traders.

What?  First of all, I think the government (I'm talking the United States here) is being irresponsible by sending out even more stimulus checks instead of trying to get people back to work.  Who do you think is going to pay for all of that money?  You guessed it, the taxpayers.....eventually.

Second, crypto doesn't need any stimulating, because even a cursory glance at bitcoin's price chart would tell you that it's thriving and isn't exactly in need of more speculation, which is exactly what would happen if exchanges started throwing money at their customers.  Then we'd be in a real bubble that would probably put 2017 to shame. 

You've got some seriously crazy ideas, OP.  This one in particular doesn't make a hell of a lot of sense.

I dont care  who's gona pay!
I dont live in USA and if i would well instead of complaining ill educate myself  USA not so much now but it was Long ago Land of opportunities.



Let them make printer go brrrrrr........  thats the style of fed.
Thank god they think same way i do  

[davis196]

Can cryptocurrency exchanges create USDT coins out of thin air and giveaway those coins just like that?
What will be the value of USDT since the newly created USDT coins won't be backed by actual USD?
Is USDT an actual cryptocurrency,or is it just a pseudo-coin,that can be created by anyone?
If creating USDT is so easy,then I would like to create and sell around 100M USDT,then go on a vacation and live a millionaire lifestyle in Monte Carlo.
Anyway,if such airdrops really happen,USDT will turn into another dead altcoin,that is worth 0.0001 cents on coinmarketcap.

[nemey]

In my opinion, the existence of USDT is expected to be able to stimulate the progress of the crypto economy. however, between USD and USDT are different, different in the sense that they are not made by the same company. In the real world maybe USD as a global currency. And tether companies in crypto want to do something similar by issuing this USDT. But in my opinion the USDT has succeeded in becoming a stable coin.

[cryptoboss2020]

Can cryptocurrency exchanges create USDT coins out of thin air and giveaway those coins just like that?
What will be the value of USDT since the newly created USDT coins won't be backed by actual USD?
Is USDT an actual cryptocurrency,or is it just a pseudo-coin,that can be created by anyone?
If creating USDT is so easy,then I would like to create and sell around 100M USDT,then go on a vacation and live a millionaire lifestyle in Monte Carlo.
Anyway,if such airdrops really happen,USDT will turn into another dead altcoin,that is worth 0.0001 cents on coinmarketcap.

The theter is controlled by USA officials.
They make sure it don't exeed too much.
If for Some misstake it will they just froze usdt in wallets.
Everything in are organised by our world leaders.
You just sit Back relax and enjoy the show.

[slapper]

Lol. You can't expect people to give you free money like that. No one in this world is insane enough to send you usdt without having any requirement. It is you who need to work and earn money yourself. Don't beg anyone for tips like that. Airdrops are often but they are only for new projects or small coins. An exchange can likely have more than a million customers. If they spent 1 buck for every trader, it would cost them 1$ million usdt for a big stimulus

The stimulus is necessary to push our economy forward. But the responsibility is for the government. An exchange has nothing to do but operate its business for any trader who wants to make money from buying/selling coin. By this action, they will earn usdt by themselves. In spite of a high number of losers, learn to trade is not very hard. I guarantee that in a month, you will have fundamental knowledge if you are willing to learn mostly every day.

Or at least find a job, it is the easiest thing to do on this planet. Then, buy bitcoin

[cryptoboss2020]

Lol. You can't expect people to give you free money like that. No one in this world is insane enough to send you usdt without having any requirement. It is you who need to work and earn money yourself. Don't beg anyone for tips like that. Airdrops are often but they are only for new projects or small coins. An exchange can likely have more than a million customers. If they spent 1 buck for every trader, it would cost them 1$ million usdt for a big stimulus

The stimulus is necessary to push our economy forward. But the responsibility is for the government. An exchange has nothing to do but operate its business for any trader who wants to make money from buying/selling coin. By this action, they will earn usdt by themselves. In spite of a high number of losers, learn to trade is not very hard. I guarantee that in a month, you will have fundamental knowledge if you are willing to learn mostly every day.

Or at least find a job, it is the easiest thing to do on this planet. Then, buy bitcoin

Its not free money!!
I put it back in the crypto economy!

[el kaka22]

Free money in crypto should not exist, we have seen airdrops and how successful they are (they are mostly not) and that means if we do airdrops of USDT, that means tether would have to pay, how could we back something up 1to1 ratio if we do not pay for it?

If Tether company prints out 1 billion dollars worth of USDT, they sell it for 1 billion dollars, which means they have a 1to1 backing ratio, if we end up with printing 1 billion USDT and not pay them for it, how are they going to manage to back that up?

There is no way they could pay for something like that, they would basically be failing to back it 1to1 ratio and that would mean usdt will worth less than 1 dollars. This is the reason why we do not have usdt stimulus, because usdt is not the government and they always need to back it with real money that they got from us and if they get nothing, they can't back it.

[disconnectme]

To help crypto we need usdt stimulus.

Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards

Are you a dreamer or what, if exchange start airdropping USDT, then what do you think you happen, bubble of the bubble and the crash will likely end the space, can you buy Doge for $1. There are several ways to get free money in the space and this is areas you need to exploit.

[Dragonfund]

To help crypto we need usdt stimulus.

Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards

What do government need USDT for? They were even against the idea of USDT as digital currency, I don't think they need solicitor like Usdt before they distribute stimulus to every citizen.
If that happens, I wonder how Bitcoin will react to such a large amount of minted USDT, it has always been market tradition that bitcoin tend to gain value when Usdt is minted on blockchain because traders believe that will bring inflow of money.

[magneto]

1. I'd say that at least a part of the bull run is financed by central bank stimulus. With record low interest rates, investors are flocking to assets that have the capacity to produce high returns with higher volatility.

2. This idea is completely ridiculous.

This would essentially put the fate of BTC in the hands of the credibility of USDT, and by that stage, what difference is there between BTC and the fiat that it had sworn to destroy?

[inoes]

Does the government support Crytpo asset trading?  In my opinion, it is not effective because we know that the average crypto trader has an upward economic status, while the economic stimulus is carried out because the most expected impact is that people with middle and lower economies can still continue economic activities because by rolling back the stimulus money that has been given.  in order for the economy to spin.  The wheels of the Crypto market economy seem a little different from the economy of people's lives.

[NavI_027]

To help crypto we need usdt stimulus.

I somehow understand your good intention for our crypto community but this time I will say that it was out of place, no offense meant. Majority still don't know even what crypto is so pushing through your suggestion will be a selfish deed. I mean, others can't use crypto and you can still use fiatthen the adjustment should be on yout part.

Besides, eerything should be keep simple so that the process would be fast and the $600 will be delivered to the hands of the needy ASAP .  But if you are really eager to have usdt then convert the stimulus after you received. Just hoping you won't regret if things don't go well.

[yhiaali3]

I don't think it would be a good idea, although this will create more movement on the market in general, but this is like printing more banknotes, which leads to a decrease in their real value, if you distribute more USDT coins for free to traders, this will lead to a large amount of infusion Of the currency in the market and this may lead to instability in its value. We want to maintain the stability of the USDT because it is used in a way similar to the dollar and the instability of its value will make it lose this important advantage.

[shoreno]

and why will they do airdrop for traders. if this was all about stimulus there are only specific people that can recieve the money and do you think that itl help crypto when they gave usdt instead of usd because usdt is still like a usd and not totally related to crypto and theres a probabilty that people will cash out it imediately after recieveing it . government might be giving stimulus in a form of usd but i saw many people use their stimulus money to play crypto gambling , invest in crypto and do other crypto activities  .

[Hydrogen]

To help crypto we need usdt stimulus.

Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards

Sounds like a cutting edge and futuristic plan in the making.   

American markets are banned from purchasing and owning USDT afaik.

It might be possible for foreign nations to do so.

Seven Countries Where Cryptocurrency Investments Are Not Taxed

Jun 24, 2019

1. Germany
2. Singapore
3. Portugal
4. Malta
5. Malaysia
6. Belarus
7. Switzerland

https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/

The type of policy OP proposed could be best suited to nations granting crypto investments tax exemption.

If the united states wishes to retain its status as the "#1 country in the world" they would be wise to tax exempt crypto investments and remove regulation prohibiting purchasing of stable coins like USDT imo.

[Psynthax]

Bruh, exchange is a company that seek for profit. They don't care about giving out stimulus or airdrop, from business perspective it's just ridiculous.
Government could give out stimulus because it's taxpayer's money which is the money from the people who receives the stimulus themselves and a country aims to better the living standart of their citizens meanhwile an exchange exist just to earn some money.

[wxa7115]

This does not guarantee that the money would go back to the economy. The purpose of the stimulus fund is to actually stimulate the economy and make sure that money is revolving around the domestic economy to help some of the main industry/sectors. Traders would just make money out of money, and it will only go amongst themselves and not help the immediate economy, so why should they be given free money?

Well, the stimulus check that will be given to everyone does not guarantee anything at all either, there are those that desperately need that money and will use it to buy food and pay their bills but for the rest this is free money that they can use in whatever way they want, and while some may decide to spend that money in small luxuries to make their lives slightly more comfortable there are going to be many people that will decide that it is better to invest that money.

And what is the best investment around the world right now? Bitcoin of course, so a great deal of that money will come to the market anyway even if that was not the intention of the government.

[7788bitcoin]

Exactly my point. Yes, government provides stimulus in various sector like housing, agriculture, local businesses but for traders? I never heard of that, at least in my countries.

The only possible way is that you need to stand in the election and win and then you start changing the law and include these kind of stimulus. If people like Trump who was not a full time politician can become the president then you can also try and become one and then change all the rules that favors you . Is your government providing stimulus for housing for the ultra rich as well. If you really understand the meaning of stimulus then you will understand the difference .