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RE: Some Thoughts About Tether & Why I Don´t Believe All The FUD!
I agree that the problem could be a lot less serious than it looks, but aren't you forgetting something?
The entire cryptocurrency space is based on one single thing: trust. While bitcoin on its isn't going to crash the entire system, what about the lose of confidence that is increasing at the moment. Many people look to bitcoin as the mother coins and this USDT issue isn't helping anything.
And if bitcoin suffers a massive hit, it's going to take a lot of convincing before the general public are willing to invest in it again, thereby depriving it of the needed funds to heal itself
Good article though, it was worth the read
You got a good point there that everything is based on trust. So what do you think is the Dollar based on, the stock market, etc.? Yep that´s all based on trust as well, so nothing´s different after all ;)
Yeah, you're right on that. They're both similar in that regard