When Tether Blows Up
paranoidenough.com
When Tether Blows Up
1–10 of 65 posts
Re: When Tether Blows Up
#2Disagree. Everyone already knows about the Tether scam, so the risk is priced in. Nobody will really lose confidence as everyone expects it to blow up for a decade now. Secondly, people will just switch to USDC.
Re: When Tether Blows Up
#3Looking at your Twitter, it seems a more apt article would be covering Solana's failure to function as a decentralized blockchain, rather than the same tired re-hashed Tether fud that most new crypto participants parrot.
https://www.coindesk.com/tech/2020/12/04/solana-devs-call-al...
https://solana.com/news/04-30-22-solana-mainnet-beta-outage-...
Re: When Tether Blows Up
#4The 2020/2021 bubble is going to look like a big missed opportunity for the crypto industry to get Tether's books right. It might have been their one and only chance to find enough dollars to actually make their backing 1:1. Now that that bubble is in the past and future bubbles are at the mercy of both public sentiment and macroeconomic conditions, Tether just has to hope that a majority of USDT stays "on the sidelines" and doesn't actually get withdrawn into the real economy. They won't necessarily implode like UST but the possibility hangs over every downturn and panic.
Re: When Tether Blows Up
#5Looking at your Twitter, it seems a more apt article would be covering Solana's failure to function as a decentralized blockchain, rather than the same tired re-hashed Tether fud that most new crypto participants parrot. https://www.coindesk.com/tech/2020/12/04/solana-devs-call-al... https://solana.com/news/04-30-22-solana-mainnet-beta-outage-...
Come on, it's only 30 minute late after the clock lost track of time.
https://www.theblockcrypto.com/post/149112/solanas-blockchai...
Re: When Tether Blows Up
#6Disagree. Everyone already knows about the Tether scam, so the risk is priced in. Nobody will really lose confidence as everyone expects it to blow up for a decade now. Secondly, people will just switch to USDC.
I don't think 0.9993 counts as "priced in" when the consequences of holding significant USDT during another marketwide panic might be total loss of funds:
Re: When Tether Blows Up
#7Does anyone else not care about cold takes like this? Even if you know something is going to crash, the important bit is knowing when. Guess what, Google, Facebook, and Netflix aren’t going to be around in a trillion years. Shocking, I know.
Re: When Tether Blows Up
#8As much as I have always had zero faith in Tether since the beginning I've also been reading about how it's going to blow up for about just as long. Here is an article from 5 years ago https://hackernoon.com/what-will-happen-when-the-shit-hits-t...
Re: When Tether Blows Up
#9Disagree. Everyone already knows about the Tether scam, so the risk is priced in. Nobody will really lose confidence as everyone expects it to blow up for a decade now. Secondly, people will just switch to USDC.
I don't think 0.9993 counts as "priced in" when the consequences of holding significant USDT during another marketwide panic might be total loss of funds: https://pro.coinbase.com/trade/USDT-USDC
Yeah, how is Tether trading at the same as USDC and grandparent commenter says it’s “priced in”?
Re: When Tether Blows Up
#10Does anyone else not care about cold takes like this? Even if you know something is going to crash, the important bit is knowing when. Guess what, Google, Facebook, and Netflix aren’t going to be around in a trillion years. Shocking, I know.
Not everyone is just trying to trade and ride waves for profit, a lot of people are just putting their life savings in crypto and holding. They should understand the tether risk before doing so.