ODELL on Nostr: tether requires trust in the operator to maintain the funds backing the value and to ...
tether requires trust in the operator to maintain the funds backing the value and to not freeze your tokens
this operator can also be pressured by governments to freeze funds - tether has had a massive target on its back since inception
tether can be helpful if you need dollars and cannot get them otherwise - tether has a long operational track record and wide ecosystem support in terms of wallets and exchanges but it requires trust so funds can be lost without notice
this operator can also be pressured by governments to freeze funds - tether has had a massive target on its back since inception
tether can be helpful if you need dollars and cannot get them otherwise - tether has a long operational track record and wide ecosystem support in terms of wallets and exchanges but it requires trust so funds can be lost without notice
quoting note1xjd…dmrsmillions will use tether until the inevitable cruise missle, rug, or shotgun kyc happens
they will learn an expensive lesson on why bitcoin is valuable - the most effective way to understand trusted third party risk is to get burned by one
tether usage -> tether blow up -> bitcoin standard