Peck by twetch#140

13Mcku…Ko3D Key · twetch

Imagine what happens when all those saved tethers converts to actual dollars if/when a big position exited the market in a short timespan.

1:1 or will we see something never seen before?

What the chain says

Transaction: dd607b04febe6a6274c95f26ec1e84c7aa7eadb19cfa2afa60fb79423191122c
Block: 624 037
Time: 2020-02-28T13:37:57Z
Signer: 13MckuFoT6zopfawknos5oP292KVXPKo3D
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#140

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 13MckuFoT6zopfawknos5oP292KVXPKo3D Verified

Replies (2)

twetch#2223 6.6y

1JM6co…tQHL Key · twetch

Replying to@13Mcku…Ko3D

At what point will people simply consider tethers to be "actual dollars".

I mean what is an "actual dollar" any way? Banks create dollars out of thin air using loans which our backed by an opinion about the solvency of the loan... seems similarly trusted.

twetch#140 6.6y

13Mcku…Ko3D Key · twetch

Replying to@1JM6co…tQHL

USD is not affected by selling pressure (only inflation) & has the biggest tax paying base tied to it.

Tether may have a problem to exchange at a big exit position (increased demand) to USD as selling pressure on backing assets creates a negative spiral.

Post by twetch#140

Replies (2)