/biz/ - Business & Finance

Lol you guys don't get it :)

Tether is essentially counterfeiting since there are no reserves. They do not even have an obligation to exchange tether for fiat. Is tether propping up bitcoin? Yup, and killing USD at the same time.

Tether is FUNCTIONING like we expect a dollar to function, it's cashing out without cashing out.

If bitcoin price crashes? How will it crash, it's impossible ^_^ there are now derivatives trading on bitcoin, you can use futures to go long or short without owning any. If bitcoin loses too much value, the exchanges can go down ^_^ then futures continue to trade on the price locked in since nobody can sell, and people then value bitcoin based on futures, and futures on current bitcoin price ^_^

But btc is deflationary

Byebye us dollar