Confiscating USDT vs ETH vs Bitcoin ?
- Thread starter bountymounty
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I’ve been doing some research over the past few days on all of this, and my conclusion is that BTC is the coin to focus on. Its volatility means that you should only invest money in it that you won’t need in the immediate future, otherwise, you risk finding yourself in a difficult financial situation.
I do wonder where people have been living when I come across comments like this over a decade later
One point i'll make the Treasury released a presentation arguing for making private stablecoins involving the $ illegal in favour of a CBDC based on 'risk' of the underlying
Unsure what impact that will have, i.e if they do that, i imagine overseas someone will create a new stablecoin much like the Eurodollar was made, much like USDT initially but completely protect it self from the off from the US directly and indirectly so it can't be indicted/sued for initial failings (hence USDT proximity to the US these days to cover their asses).
Unsure what impact that will have, i.e if they do that, i imagine overseas someone will create a new stablecoin much like the Eurodollar was made, much like USDT initially but completely protect it self from the off from the US directly and indirectly so it can't be indicted/sued for initial failings (hence USDT proximity to the US these days to cover their asses).
One could also use good old cash combined with futures for price fixing but that would imply a fair amount of footwork.
There’s enough diversification opportunities on chain to advert issues
Besides only the plebs really withdraw everything for companies it’s easier to keep on chain for accounting
Besides only the plebs really withdraw everything for companies it’s easier to keep on chain for accounting
There's tonnes of stuff out there from HKD, AED, SGD, CHF stablecoins... most track USD anyway (i.e HKD, AED, SGD debase and strengthen inline with the $) and CHF generally is stable against it as they are all proxies for the Dollar.
You then have treasuries on chain etc, gold on chain etc... and even non USD USD stablecoins (i.e not US firms or holding US Funds in US accounts/treasuries) but either proxies $ in overseas banks (offshore) or similar set ups.
The only reason USDT/USDC is successful is because its︀ so liquid and it's basically American or protected somewhat by rule of law in the︁ US.
Once those are banned you'll see the EURODOLLAR equivalent of explode.
That will be︂ the ones mentioned above or even things like what ever is replacing DAI, the world︃ wants Dollars, and even if the US bans it in the US others will find︄ a way to provide the market with what it wants without the US having jurisdiction,︅ just like the EuroDollar market, the US has no say on this and can't dictate︆ when they are not using US financial institutions
You then have treasuries on chain etc, gold on chain etc... and even non USD USD stablecoins (i.e not US firms or holding US Funds in US accounts/treasuries) but either proxies $ in overseas banks (offshore) or similar set ups.
The only reason USDT/USDC is successful is because its︀ so liquid and it's basically American or protected somewhat by rule of law in the︁ US.
Once those are banned you'll see the EURODOLLAR equivalent of explode.
That will be︂ the ones mentioned above or even things like what ever is replacing DAI, the world︃ wants Dollars, and even if the US bans it in the US others will find︄ a way to provide the market with what it wants without the US having jurisdiction,︅ just like the EuroDollar market, the US has no say on this and can't dictate︆ when they are not using US financial institutions
One sells two bitcoins at the top using futures or other derivatives (Disclaimer: I'm not a future pro at all) and then slowly sells his one bitcoin for cash while at the same time liquidating the future position.
Do you have this announcement anywhere?
All I can found is this
https://www.theblock.co/post/267973/tether-weve-onboarded-fbi-secret-service-to-our-platform
All I can found is this
https://www.theblock.co/post/267973/tether-weve-onboarded-fbi-secret-service-to-our-platform
yeah this. Plus a few "patterns" around this whole thing resemble past events (which I wont wanna go further into on a public forum, but its all public and one can come to the necessary conclusions by freely available material).
Usually it goes on smoothly until suddenly the music stops playing.
Usually it goes on smoothly until suddenly the music stops playing.
Can you explain what you mean by investing into compound? Do you mean taking out a loan against your USDC?
About 1% of USDT supply and ~1.7% of USDC supply is frozen currently so disparity is not in favour of Circle... And these numbers make even Wise and Revolut look as a safer option...
About 1% of USDT supply and ~1.7% of USDC supply is frozen currently so disparity is not in favour of Circle... And these numbers make even Wise and Revolut look as a safer option...
Yeah USDT and USDC don't look safe any longer for holding crypto in stable coins DAI is better.
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