/biz/ - Business & Finance

[Anonymous No.58640008]

Why do we hold these particular pieces of paper as being important over other particular pieces of paper?

[Anonymous No.58640010]

>>58640008
well these can theoretically only be issued by the government. there's a ton of anticounterfeiting measures that go into these

[Anonymous No.58640017]

>>58640010
>theoretically

Agreed.

[Anonymous No.58640019]

>>58640008
it's a delicate idea backed by ignorance and the threat of violence

[Anonymous No.58640022]

>>58640017
i'm shocked tether is still around. longterm the crypto market will be better off with it gone

[sage No.58640030]

>>58640022
2 more weeks until tether crashes

[Anonymous No.58640040]

>>58640022
Tether used to be incredibly sketchy but they have gotten so big and made so much investing they aren't doing crazy amounts of fractional reserve rehypothecation anymore. I wouldn't be suprised at all if they were still around in 10 years.

[Anonymous No.58640050]

>>58640030
>>58640040
This was actually legitimate fud. Picrel was their 'proof of reserves'
>dear sirs
>we have ur monies
>t. the bank

[Anonymous No.58640070]

>>58640022
Loose (grey area) money is needed to push the adoption of crypto. Once people are accustomed to fully digital money, the central banks will roll out their CBDCs. The largest institutions aren't going to risk pushing people toward CBDC adoption while the public is largely unfamiliar with crypto. The people might blame them and things would get messy. Instead, let's let techbros make it cool. Let them get the bad reputations when hacks and bugs arise. That is where Tether is doing it's part. This doesn't mean the participants are willingly working together as part of a global conspiracy. They don't even need to agree. They just need to have the same motivations. The question remaining is how will they eliminate the (non-CBDC) crypto once they it no longer serves a useful purpose and it remains simply as an annoying competitor.

[Anonymous No.58640076]

>>58640008
because the US government will kill you if you disagree

[Anonymous No.58640094]

>>58640008
Because the government deemed them to have value.

[Anonymous No.58640115]

>>58640050
>2018
As I said in my original post
>Tether used to be incredibly sketchy
Nowadays they're better with more detailed reports from reputable auditing firms. Not perfect by any means but improving for sure.
https://tether.to/en/transparency/?tab=usdt

[Anonymous No.58640134]

>>58640115
I'm really surprised they managed to scam their way into semi legimacy. It really is something that was created entirely from insolvency

[Anonymous No.58640269]

>eliminate the (non-CBDC) crypto
You view the hierarchies of the world something like:

Humanity:
•State:
••economic system
••$USD
•••business:
••••paypal

And you'd place BTC somewhere between USD & paypal, between currency and money transmission service, but that's not reality, the actual hierarchies are more like:

Economy:
•Humanity:
••State:
•••economic MODELS
•••$USD
••••business:
•••••paypal

With BTC of Economy. BTC serves a function (trustless fixed unit of account, i.e. incorruptible tally board) for the superorganism Economy, we are the cells of the superorganism, we compose Economy, we do not control Economy. The State can no more ban BTC than it can ban electricity, BTC is above all of us, it belongs to the superorganism.

BTC needs to be larger to fully function as Economy's unit of account, so Economy, being Economy, will simply pay you to adopt it, to support it, this is why BTC rises in value. It shall grow until it's large enough to function as the sole denominator of the world, nothing can stop this from happening as nothing is above Economy.

[Anonymous No.58640431]

>>58640008
To pay for taxes in the US

[Anonymous No.58640470]

>>58640008
We are retarded.

[Anonymous No.58640665]

>>58640008
We used those papers the longest as a universal (In a normalfag’s daily life, not whatever silver coin or crypto you use to buy bathtub estrogen online) medium of exchange, so no one bothered

[Anonymous No.58641973]

>>58640008
I give more importance to funny coins like $trump just because I voted for him once lmao

[Anonymous No.58641981]

The only real currency is based frog shitcoins

[Anonymous No.58642063]

>>58641981
Indeed, a new currency for the clown world is needed www.apuclown.com

[Anonymous No.58642087]

Jew.

[Anonymous No.58642431]

>>58640008
>1pbtid
dollar milkshake, sage flavored.