Tether has an update, filed under Who Could Possibly Have Seen This Coming.pic.twitter.com/W7Xzw4TMjJ
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Market has been valuing Tethers at more than a dollar for months now, tbh, current value is $1.01 if you look across the board:pic.twitter.com/lu7AbSaZkM
I was using http://untether.space 's calculation.
Won’t the eventual run on tether manifest as a rise in the price of bitcoin? People will pay ‘more’ tethers for a bitcoin they hope to sell later for actual USD? The exchanges currently treat a sale in USDT as the same as one in USD for pricing purposes don’t they?
if you have a billion coins worth $1, and the more people sell them the lower the price goes - ie, as the run continues the price drops from $1.00 -> $0.00, how exactly will Tethers worth nearly nothing **make the price of Bitcoin rise**? The rise would be brief and short-lived.
You could make a viral website and write a book, maybe call it Cryptonomiconomics?
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