Tether, the cryptocurrency which is theoretically backed 1:1 by USD held in a bank account and available on demand, is currently in the early stages of a bank run.
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Given that BTC had a non-zero value prior to Tether’s existence what makes you think it would actually go to zero as opposed to a low value like $400 or something? Was not aware of those restrictions on the CME contract.
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Would you mind giving some examples of Bitcoin “extinction events” and your gut feelings of probability? I live in the echo chamber of crypto twitter a lot these days so I’d appreciate hearing your perspective.
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Mt Gox is the big really obvious one.
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@patio11 you can talk big all you want but, until your money is where your mouth is, the value of your opinion is also capped well below the notional value of the paper your tweet was never printed onThanks. Twitter will use this to make your timeline better. UndoUndo
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