OffMyBack said:
just step back for a minute. You got tether that supposively holds 68 Billion whatevers IOU's. Whatever that is its seemingly mostly invested in US treasury bills. Which is wise as it provides some return.
So just in case you cant see it, i will spell it out for you. Crypto is centrally decentralized.
Tether is the central bank of the crypto space. The only difference is, no audit independently, no idea who runs tether ltd, no idea whatsoever, no regulation - could be Gordon Gecko for all we know.
So you are willing to blindly trust some shady people - noone knows - which in turn makes it a slippery slope when someone internally bags their crypto bag from Tether.
In fact the only smart people in this space are the business who either provide an interface (like coinbase) or Tether, who provides an IOU to all these fools like yourself.....
The USD, EUR GBP whatever currency is not the best either, due to inflation, but i know one thing, there is oversight, visibility and a hell lot of regulation, which has come about because "Greed,
for lack of a better word, is good...."
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