Some USD Tether Fuddy Duddy! CBDC snuff emm!
The pathetic truth of the matter is that banks in legacy markets are just as rehypothecated as Tether. USDT as outlined in previous posts has questionable EVERYTHING. You cannot just crown yourself a bank that can pay off fines. You need to be part of the 'system' / The CLUB.
Those in the crypto markets want to poo-poo-poo it like it's China trying to sink the Bitcoin price once again. This is true, but Tether FUD is a bankers game and I take it more seriously.
Having a market cap of $61,792,422,930 Billion whatever is real or not is part of how things need to be operating. What would happen with a mass exodus out of Tether? For that matter when would it go? What is real / not real anymore. Corruption within corruption probably doesn't breed progress. How would that even work if the company / crypto is deemed illegal.
No more tether for you!
And your other stable coins? Under much tighter scrutiny. What happens to Binance?
We have our eyes on you (until we are ready muahaha)
We know the war on stables is just starting. CBCD's want to be THE stable but needs more years to 'implement'. Could a central authority truly control decentralized platforms? I guess to a degree when you threaten to pull the plug on internet.
CBDC wars!
Nobody audits the FED. "Trademark"
And in other news Amazon is not accepting Bitcoin 'this year'. Trading degrading paper for Amazon products will have to continue unfortunately. After all Bitcoin should be used to buy what shit paper couldn't am'i right? The real question is what would the crypto market look like without tether. The Fed will have no problem with people buying crypto with their CBCD's. After all government ledgers are mostly harmless.
Any idea's how this would work out for crypto? Legacy system BAM just adding another 'layer' of control. Crypto's get butt hurt price wise. Disrupting some of the stable coins of choice will hurt the crypto space. In any case we all forge on, worry also doesn't help progress of your own. I'll just own crypto and worry about the stable coin status later. If you invest in the technology and ideas behind blockchain / crypto currency; you are half way there to fortunes.
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I have not been hearing too much about the Centralized Blackhole Debasement Con for some time, but I will definitely be writing more about it as it oozes into the ignorance pool.
I know I will be steering clear of it. Who needs money that can be turned off depending on who you are or what your opinions are? Not me.
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Is there a specific stable coin that you recommend investing in? I am looking for a relatively safe place to put some of my gains while I wait for the next pull back to buy back in.
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There is no stable coin I recommend. Tether I would stay away from sooner rather than later. USDC is supposedly “backed” but it’s not insured :)
What about BUSD? I am hesitant on that one since it is Binance. Do you recommend just moving gains into BTC and holding there until you can buy back in?
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Being in a grey area concerning stable coins I really have no idea. I just know if you are looking to park in stable coin perhaps avoid tether for the time being. Nobody knows exactly where this will go.
Understood! Thanks for the tip!
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