I have always asked why the stonk market did not have a "pause" button to allow someone to side step the down drafts?
This is essentially what tether is, a pause. Is it open to anyone on an (KYC) exchange? Then why couldn't anyone that plays the crypto market use it when they expect BTC to tank and exchange back into BTC when the bottom is perceived? I get that the "float" is endless, which is an issue, but use the tool to your advantage. The whales do!
Or, dont play in a rigged market thinking you are "investing" in the greatest thing since sliced bread, when in fact you are gambling in a casino where the house's odds are far higher than any brick and mortar casino in existence.
Most of these people investing in it have never even heard of KYC or AML ... they don’t realize they’re playing in a totally unregulated swamp that is run by people arguably worse than those who run the FED. It’s quite ridiculous.
People forget tether was created to help Bitfinex recover from the hack. It's not regulated and can be inflated as much as desired.
Also Bitcoin's usefulness was intentionally sabotaged by blockstream so that usi g bitcoin as a currency requires thier own level 2 network which they profit from. What's worse is thier level 2 network works more like the banking Industry than a decentralized crypro currency.
I have always asked why the stonk market did not have a "pause" button to allow someone to side step the down drafts?
This is essentially what tether is, a pause. Is it open to anyone on an (KYC) exchange? Then why couldn't anyone that plays the crypto market use it when they expect BTC to tank and exchange back into BTC when the bottom is perceived? I get that the "float" is endless, which is an issue, but use the tool to your advantage. The whales do!
Or, dont play in a rigged market thinking you are "investing" in the greatest thing since sliced bread, when in fact you are gambling in a casino where the house's odds are far higher than any brick and mortar casino in existence.
Ding, ding, ding, we have a winner! :)
Most of these people investing in it have never even heard of KYC or AML ... they don’t realize they’re playing in a totally unregulated swamp that is run by people arguably worse than those who run the FED. It’s quite ridiculous.
People forget tether was created to help Bitfinex recover from the hack. It's not regulated and can be inflated as much as desired.
Also Bitcoin's usefulness was intentionally sabotaged by blockstream so that usi g bitcoin as a currency requires thier own level 2 network which they profit from. What's worse is thier level 2 network works more like the banking Industry than a decentralized crypro currency.
Yes sir. Smart pede here.
Bitcoin will inevitably fall into a death spiral when the entire market discovers whats happening.