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RE: The MASSIVE Tether Ticking Time BOMB

in #cryptocurrency • 7 years ago

Might look into making a video on 'stable' coins in future just in general given it is a popular topic.

7 years ago in #cryptocurrency by
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     7 years ago 

    Would be good to differentiate Tether vs Bitshares USD

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     7 years ago 

    Won't the deflationary properties of crypto collide with the inflation of the Fiat is is back on. Also won't the trading of the crypto affect the price. What happens when people try to pump and dump collateralized crypto curencies. Also cuz it is free float, wouldn't the price change anyway, will the price differnce be marginal, such as tether or will big pump and dumps devalue the currency below the collateral.

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     7 years ago 

    What happens when people try to pump and dump collateralized crypto curencies. Also cuz it is free float, wouldn't the price change anyway, will the price differnce be marginal, such as tether or will big pump and dumps devalue the currency below the collateral.

    These are legitimate questions that the @bitshares community should take into considerations before bringing such a dangerous game into mainstream adoption. Please note, the crypto space is filled with unpredictable moments--look at what happens to SBD now!

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