Topic: Need not just stimulus but usdt stimulus (Read 503 times)
Why not bitcoin then and just usdt almost same thing as fiat
Most people don't use their stimulus checks to invest in the stock market or crypto. If you really need the stimulus check then the stock market is the last place you are going to be depositing it in. Sure there are those who are already wealthy and they might see it as free money and decide to gamble it on stocks. However most people won't do that. Even if they are wealthy, they will maybe go to Walmart and buy a TV instead.
Hence why this idea doesn't make too much sense. Hence if someone really wants to use stimulus cheque to buy crypto, they can send it to their exchange and buy USDT themselves. Exchanges sometimes do have incentives. For example, Binance gave away TrustToken (TWT) to every trader on Binanance. Currently that token is worth $60 USDT or so.
Hence why this idea doesn't make too much sense. Hence if someone really wants to use stimulus cheque to buy crypto, they can send it to their exchange and buy USDT themselves. Exchanges sometimes do have incentives. For example, Binance gave away TrustToken (TWT) to every trader on Binanance. Currently that token is worth $60 USDT or so.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Crypto exchange is n entity created by two or more individuals with sole aim of. Making profit and not to share wealth. But government on the other hand is created to serve the people with their tax been paid by the citizens and hence it's their responsibility to make sure that are economy is well handled with optimum satisfaction.
Exchanges give most of this airdrops and give away solely to attract more customers, and most of them are still spend within the exchange. You should have asked yourself why aren't they compensating traders who made lost during this pandemic.
It's not their responsibility for your profit and loss, you are making your gains and loss and they are making also from the fees you pay for trading.
Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
I am not trading in any of these platforms and hence i am not able to understand what you are saying, are you telling that the platforms you mentioned are providing rewards in USDT, usually they will reward with their token that they created and inflate the valuation .OP is talking about getting free money for trading and he wants that in USDT
. I Want free money yes to Invest in real assets.
And sell them to get more money!
Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
I am not trading in any of these platforms and hence i am not able to understand what you are saying, are you telling that the platforms you mentioned are providing rewards in USDT, usually they will reward with their token that they created and inflate the valuation .OP is talking about getting free money for trading and he wants that in USDT
.
I find it off-putting that OP is asking for free money in the first place. And of course by doing the bare minimum which is, trading. Of course you are obliged to trade if you wanna earn big bucks, not because of free airdrops and stuff like that. I personally would like to be part of an airdrop like that but I want to side to the exchanges as it is bad for their business, and ultimately bad for us.
Initially, the Tether team stated that almost 20 or 40% of USDT is backed by the dollar, and there was never any talk of full backing with the dollar. Of course, USDT is an asset that raises doubts, but nevertheless, it is he who saves traders in difficult situations in the cryptocurrency market.
I am not saying that there shouldn't be something people can't move into, there should be something but it shouldn't be Tether that's all I am saying. For example DAI looks to be promising, I am checking it and trying to find a way to see how it could go wrong, but the premise is the fact that your money doesn't stay with one person, it stays with you and that is the very important part of it, it is not Tether, it is not Binance, it is not any company or organization behind it, fully decentralized stablecurrency and I like that idea and I am still looking to figure out if there is anything wrong with it.The need for some stablecurrency pegged to dollar and even other national currencies are there and I do suggest that it should happen, there is absolutely nothing wrong with that, however fact is that people need to realize these companies are not good at all and they are very risky.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
You know fully well that the crypto currency market is a decentralized space; yet you seek stimulus? grants? Who do you want or expect or have in mind should fund this stimulus. How would you be sure who and who not deserves ? It is not going to work.
Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
just buy doge coin with that money that's it
The Fed has no intention to make crypto more acceptable. Moreover, stimulus checks are launched to help the citizens survive, not to teach them invest in crypto wisely.
In my opinion there will be no exchanges that will provide free USDT to traders because they are active. Don't equalize exchanges with
the government, because the government is obliged to help its people by providing stimulus. Since the people have already paid taxes,
whereas exchanges are companies created to generate profits. Therefore each exchanges has trading fees to get profit from traders,
so it is not possible for the exchanges to provide USDT as a stimulus.
the government, because the government is obliged to help its people by providing stimulus. Since the people have already paid taxes,
whereas exchanges are companies created to generate profits. Therefore each exchanges has trading fees to get profit from traders,
so it is not possible for the exchanges to provide USDT as a stimulus.
Exactly my point. Yes, government provides stimulus in various sector like housing, agriculture, local businesses but for traders? I never heard of that, at least in my countries.
The only possible way is that you need to stand in the election and win and then you start changing the law and include these kind of stimulus. If people like Trump who was not a full time politician can become the president then you can also try and become one and then change all the rules that favors you 
. Is your government providing stimulus for housing for the ultra rich as well. If you really understand the meaning of stimulus then you will understand the difference 
. This does not guarantee that the money would go back to the economy. The purpose of the stimulus fund is to actually stimulate the economy and make sure that money is revolving around the domestic economy to help some of the main industry/sectors. Traders would just make money out of money, and it will only go amongst themselves and not help the immediate economy, so why should they be given free money?
Well, the stimulus check that will be given to everyone does not guarantee anything at all either, there are those that desperately need that money and will use it to buy food and pay their bills but for the rest this is free money that they can use in whatever way they want, and while some may decide to spend that money in small luxuries to make their lives slightly more comfortable there are going to be many people that will decide that it is better to invest that money.And what is the best investment around the world right now? Bitcoin of course, so a great deal of that money will come to the market anyway even if that was not the intention of the government.
Bruh, exchange is a company that seek for profit. They don't care about giving out stimulus or airdrop, from business perspective it's just ridiculous.
Government could give out stimulus because it's taxpayer's money which is the money from the people who receives the stimulus themselves and a country aims to better the living standart of their citizens meanhwile an exchange exist just to earn some money.
Government could give out stimulus because it's taxpayer's money which is the money from the people who receives the stimulus themselves and a country aims to better the living standart of their citizens meanhwile an exchange exist just to earn some money.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Sounds like a cutting edge and futuristic plan in the making.
American markets are banned from purchasing and owning USDT afaik.
It might be possible for foreign nations to do so.
Quote
Seven Countries Where Cryptocurrency Investments Are Not Taxed
Jun 24, 2019
1. Germany
2. Singapore
3. Portugal
4. Malta
5. Malaysia
6. Belarus
7. Switzerland
https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/
Jun 24, 2019
1. Germany
2. Singapore
3. Portugal
4. Malta
5. Malaysia
6. Belarus
7. Switzerland
https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/
The type of policy OP proposed could be best suited to nations granting crypto investments tax exemption.
If the united states wishes to retain its status as the "#1 country in the world" they would be wise to tax exempt crypto investments and remove regulation prohibiting purchasing of stable coins like USDT imo.
and why will they do airdrop for traders. if this was all about stimulus there are only specific people that can recieve the money and do you think that itl help crypto when they gave usdt instead of usd because usdt is still like a usd and not totally related to crypto and theres a probabilty that people will cash out it imediately after recieveing it . government might be giving stimulus in a form of usd but i saw many people use their stimulus money to play crypto gambling , invest in crypto and do other crypto activities .
I don't think it would be a good idea, although this will create more movement on the market in general, but this is like printing more banknotes, which leads to a decrease in their real value, if you distribute more USDT coins for free to traders, this will lead to a large amount of infusion Of the currency in the market and this may lead to instability in its value. We want to maintain the stability of the USDT because it is used in a way similar to the dollar and the instability of its value will make it lose this important advantage.
To help crypto we need usdt stimulus.
I somehow understand your good intention for our crypto community but this time I will say that it was out of place, no offense meant. Majority still don't know even what crypto is so pushing through your suggestion will be a selfish deed. I mean, others can't use crypto and you can still use fiatthen the adjustment should be on yout part. Besides, eerything should be keep simple so that the process would be fast and the $600 will be delivered to the hands of the needy ASAP
. But if you are really eager to have usdt then convert the stimulus after you received. Just hoping you won't regret if things don't go well. 
Does the government support Crytpo asset trading? In my opinion, it is not effective because we know that the average crypto trader has an upward economic status, while the economic stimulus is carried out because the most expected impact is that people with middle and lower economies can still continue economic activities because by rolling back the stimulus money that has been given. in order for the economy to spin. The wheels of the Crypto market economy seem a little different from the economy of people's lives.
1. I'd say that at least a part of the bull run is financed by central bank stimulus. With record low interest rates, investors are flocking to assets that have the capacity to produce high returns with higher volatility.
2. This idea is completely ridiculous.
This would essentially put the fate of BTC in the hands of the credibility of USDT, and by that stage, what difference is there between BTC and the fiat that it had sworn to destroy?
2. This idea is completely ridiculous.
This would essentially put the fate of BTC in the hands of the credibility of USDT, and by that stage, what difference is there between BTC and the fiat that it had sworn to destroy?
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
What do government need USDT for? They were even against the idea of USDT as digital currency, I don't think they need solicitor like Usdt before they distribute stimulus to every citizen.
If that happens, I wonder how Bitcoin will react to such a large amount of minted USDT, it has always been market tradition that bitcoin tend to gain value when Usdt is minted on blockchain because traders believe that will bring inflow of money.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Are you a dreamer or what, if exchange start airdropping USDT, then what do you think you happen, bubble of the bubble and the crash will likely end the space, can you buy Doge for $1. There are several ways to get free money in the space and this is areas you need to exploit.
Free money in crypto should not exist, we have seen airdrops and how successful they are (they are mostly not) and that means if we do airdrops of USDT, that means tether would have to pay, how could we back something up 1to1 ratio if we do not pay for it?
If Tether company prints out 1 billion dollars worth of USDT, they sell it for 1 billion dollars, which means they have a 1to1 backing ratio, if we end up with printing 1 billion USDT and not pay them for it, how are they going to manage to back that up?
There is no way they could pay for something like that, they would basically be failing to back it 1to1 ratio and that would mean usdt will worth less than 1 dollars. This is the reason why we do not have usdt stimulus, because usdt is not the government and they always need to back it with real money that they got from us and if they get nothing, they can't back it.
If Tether company prints out 1 billion dollars worth of USDT, they sell it for 1 billion dollars, which means they have a 1to1 backing ratio, if we end up with printing 1 billion USDT and not pay them for it, how are they going to manage to back that up?
There is no way they could pay for something like that, they would basically be failing to back it 1to1 ratio and that would mean usdt will worth less than 1 dollars. This is the reason why we do not have usdt stimulus, because usdt is not the government and they always need to back it with real money that they got from us and if they get nothing, they can't back it.
Lol. You can't expect people to give you free money like that. No one in this world is insane enough to send you usdt without having any requirement. It is you who need to work and earn money yourself. Don't beg anyone for tips like that. Airdrops are often but they are only for new projects or small coins. An exchange can likely have more than a million customers. If they spent 1 buck for every trader, it would cost them 1$ million usdt for a big stimulus
The stimulus is necessary to push our economy forward. But the responsibility is for the government. An exchange has nothing to do but operate its business for any trader who wants to make money from buying/selling coin. By this action, they will earn usdt by themselves. In spite of a high number of losers, learn to trade is not very hard. I guarantee that in a month, you will have fundamental knowledge if you are willing to learn mostly every day.
Or at least find a job, it is the easiest thing to do on this planet. Then, buy bitcoin
The stimulus is necessary to push our economy forward. But the responsibility is for the government. An exchange has nothing to do but operate its business for any trader who wants to make money from buying/selling coin. By this action, they will earn usdt by themselves. In spite of a high number of losers, learn to trade is not very hard. I guarantee that in a month, you will have fundamental knowledge if you are willing to learn mostly every day.
Or at least find a job, it is the easiest thing to do on this planet. Then, buy bitcoin
Its not free money!!
I put it back in the crypto economy!
Lol. You can't expect people to give you free money like that. No one in this world is insane enough to send you usdt without having any requirement. It is you who need to work and earn money yourself. Don't beg anyone for tips like that. Airdrops are often but they are only for new projects or small coins. An exchange can likely have more than a million customers. If they spent 1 buck for every trader, it would cost them 1$ million usdt for a big stimulus
The stimulus is necessary to push our economy forward. But the responsibility is for the government. An exchange has nothing to do but operate its business for any trader who wants to make money from buying/selling coin. By this action, they will earn usdt by themselves. In spite of a high number of losers, learn to trade is not very hard. I guarantee that in a month, you will have fundamental knowledge if you are willing to learn mostly every day.
Or at least find a job, it is the easiest thing to do on this planet. Then, buy bitcoin
The stimulus is necessary to push our economy forward. But the responsibility is for the government. An exchange has nothing to do but operate its business for any trader who wants to make money from buying/selling coin. By this action, they will earn usdt by themselves. In spite of a high number of losers, learn to trade is not very hard. I guarantee that in a month, you will have fundamental knowledge if you are willing to learn mostly every day.
Or at least find a job, it is the easiest thing to do on this planet. Then, buy bitcoin
Can cryptocurrency exchanges create USDT coins out of thin air and giveaway those coins just like that?
What will be the value of USDT since the newly created USDT coins won't be backed by actual USD?
Is USDT an actual cryptocurrency,or is it just a pseudo-coin,that can be created by anyone?
If creating USDT is so easy,then I would like to create and sell around 100M USDT,then go on a vacation and live a millionaire lifestyle in Monte Carlo.
Anyway,if such airdrops really happen,USDT will turn into another dead altcoin,that is worth 0.0001 cents on coinmarketcap.
What will be the value of USDT since the newly created USDT coins won't be backed by actual USD?
Is USDT an actual cryptocurrency,or is it just a pseudo-coin,that can be created by anyone?
If creating USDT is so easy,then I would like to create and sell around 100M USDT,then go on a vacation and live a millionaire lifestyle in Monte Carlo.
Anyway,if such airdrops really happen,USDT will turn into another dead altcoin,that is worth 0.0001 cents on coinmarketcap.
The theter is controlled by USA officials.
They make sure it don't exeed too much.
If for Some misstake it will they just froze usdt in wallets.
Everything in are organised by our world leaders.
You just sit Back relax and enjoy the show.
In my opinion, the existence of USDT is expected to be able to stimulate the progress of the crypto economy. however, between USD and USDT are different, different in the sense that they are not made by the same company. In the real world maybe USD as a global currency. And tether companies in crypto want to do something similar by issuing this USDT. But in my opinion the USDT has succeeded in becoming a stable coin.
Can cryptocurrency exchanges create USDT coins out of thin air and giveaway those coins just like that?
What will be the value of USDT since the newly created USDT coins won't be backed by actual USD?
Is USDT an actual cryptocurrency,or is it just a pseudo-coin,that can be created by anyone?
If creating USDT is so easy,then I would like to create and sell around 100M USDT,then go on a vacation and live a millionaire lifestyle in Monte Carlo.
Anyway,if such airdrops really happen,USDT will turn into another dead altcoin,that is worth 0.0001 cents on coinmarketcap.
What will be the value of USDT since the newly created USDT coins won't be backed by actual USD?
Is USDT an actual cryptocurrency,or is it just a pseudo-coin,that can be created by anyone?
If creating USDT is so easy,then I would like to create and sell around 100M USDT,then go on a vacation and live a millionaire lifestyle in Monte Carlo.
Anyway,if such airdrops really happen,USDT will turn into another dead altcoin,that is worth 0.0001 cents on coinmarketcap.
Exchangers should do air drops of usdt to active traders.
What? First of all, I think the government (I'm talking the United States here) is being irresponsible by sending out even more stimulus checks instead of trying to get people back to work. Who do you think is going to pay for all of that money? You guessed it, the taxpayers.....eventually.Second, crypto doesn't need any stimulating, because even a cursory glance at bitcoin's price chart would tell you that it's thriving and isn't exactly in need of more speculation, which is exactly what would happen if exchanges started throwing money at their customers. Then we'd be in a real bubble that would probably put 2017 to shame.
You've got some seriously crazy ideas, OP. This one in particular doesn't make a hell of a lot of sense.
I dont care who's gona pay!
I dont live in USA and if i would well instead of complaining ill educate myself USA not so much now but it was Long ago Land of opportunities.
Let them make printer go brrrrrr........ thats the style of fed.
Thank god they think same way i do
Exchangers should do air drops of usdt to active traders.
What? First of all, I think the government (I'm talking the United States here) is being irresponsible by sending out even more stimulus checks instead of trying to get people back to work. Who do you think is going to pay for all of that money? You guessed it, the taxpayers.....eventually.Second, crypto doesn't need any stimulating, because even a cursory glance at bitcoin's price chart would tell you that it's thriving and isn't exactly in need of more speculation, which is exactly what would happen if exchanges started throwing money at their customers. Then we'd be in a real bubble that would probably put 2017 to shame.
You've got some seriously crazy ideas, OP. This one in particular doesn't make a hell of a lot of sense.
This does not guarantee that the money would go back to the economy. The purpose of the stimulus fund is to actually stimulate the economy and make sure that money is revolving around the domestic economy to help some of the main industry/sectors. Traders would just make money out of money, and it will only go amongst themselves and not help the immediate economy, so why should they be given free money?
Weird how this thread was dug up from nowhere a week after it was first posted. Probably due to the fact that a bill that has just passed through Congress which will end up giving a $600 handout to every American tax payer for free if it is signed off by the President. It sounds more dollars will be printed to pay for it, but the average American has lacked government support which was present in many other countries across the last 9 months of Covid. A little bit late and probably a lot less than required, but it is a good start because people need help right now and it's always possible to pay it off later. Some of this money will inevitably feed into Bitcoin.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
They are doing that already albeit indirectly, if you receive a stimulus check then use it to buy stable coins and boom you have your stimulus in stable coins, there is no need to try to reach exchanges to make this a reality, if we let people decide by themselves then a lot of money will come to this market, some money will go to other markets but that is fine too.Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Still, this stimulus checks are going to cause inflation, while to stock market is happy with those measures because it means it keeps the party going on the rest of the economy keeps suffering and you cannot solve an economic crisis that was caused by cheap credit and printing money with more loans and money out of the printing machine.
Exactly my point. Yes, government provides stimulus in various sector like housing, agriculture, local businesses but for traders? I never heard of that, at least in my countries.
Goverment provides stimulus for those kind of sector because those are productive sector to earn money that make the economic cycle keeps turning. But what about stimulus for trader ? I am sure that trading is very risky to do, so if goverment give stimulus for this sector they will only spend their treasury cash fund for a very potentially risk things. It will not make significant growth of economy however the goverment especially the federal reserve give stimulus for property, agriculture etc to help economic growth.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
What will be the purpose of giving free money? They open an exchange to earn from it's users so why they will give it?You want to get some free money just because you are active traders ? Nah that's not how it works if you want to earn money do trade and never ask any to give it you or from government unless you are in situations need to be helped .
Its good for crypto traders!
Crypto traders are business minded people and it can help the crypto adoption for some countries like Zimbabwe Venezuela nigeria.
But business minded indviduals should get always More money becouse thanks for business minded people the world is running its like in your blood you active and want to trade and do deals or either you dont want.
When the society start stopping to support the business minded indviduals its always bad for Economics and business activity!
If the government-- I honestly don't know which government (perhaps China, being the one in control of Hong Kong where USDT is based)-- can do something good in relation to USDT, it is that it should compel USDT for an honest third-party audit. If the private company behind USDT will resist or avoid it, then the government should just shut it down. That's the best thing the government can do now.
Come again, did you say every time the Fed prints money out of thin air there should also be a 1:1 equivalent of USDT minted out of thin air? For goodness' sake! Your mind seems to be made of thin air.
Come again, did you say every time the Fed prints money out of thin air there should also be a 1:1 equivalent of USDT minted out of thin air? For goodness' sake! Your mind seems to be made of thin air.
USA dollars of 25% reserve gives right to mint 75% of USDT.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
What will be the purpose of giving free money? They open an exchange to earn from it's users so why they will give it?You want to get some free money just because you are active traders ? Nah that's not how it works if you want to earn money do trade and never ask any to give it you or from government unless you are in situations need to be helped .
If the government-- I honestly don't know which government (perhaps China, being the one in control of Hong Kong where USDT is based)-- can do something good in relation to USDT, it is that it should compel USDT for an honest third-party audit. If the private company behind USDT will resist or avoid it, then the government should just shut it down. That's the best thing the government can do now.
Come again, did you say every time the Fed prints money out of thin air there should also be a 1:1 equivalent of USDT minted out of thin air? For goodness' sake! Your mind seems to be made of thin air.
Come again, did you say every time the Fed prints money out of thin air there should also be a 1:1 equivalent of USDT minted out of thin air? For goodness' sake! Your mind seems to be made of thin air.
How do you compare government and usdt drops I think it’s two totally different things
If they are different things so much there would not have USDT allowed.
USDT is pegged to 1:1 to USA dollars then it need to comply with USA laws not with all but with some of them.
Even bitcoin is allowed to be used by government so they cant ban the btc but they can shut off the Mining and cash/fiat to btc transactions.
But they keep bitcoin alive becouse its new money system and when the time right the btc and crypto Will have bigger use case.
We dance the tune of government either we know this or not.
How do you compare government and usdt drops I think it’s two totally different things
Do you know anything about the magic behind USDT issuance? Do you know what Tether is in the first place?
Or maybe you want some form of central bank digital currency loaded into your smartphone to buy your candies?
Before opening a thread, make sure you know what you are talking about.
Or maybe you want some form of central bank digital currency loaded into your smartphone to buy your candies?
Before opening a thread, make sure you know what you are talking about.
If I try to understand, you want the government to provide assistance to traders by giving USDT for every USD printed. It imposible , because USD and USDT are different. both in management and creation. USD government owned USDT owned by tether limited company
OP does not seem to understand that. You can't just inject money into something to prevent a collapse, sure it will go smooth for a while but considering that the stimuli is only limited then it is sure that it will also be a limited smooth ride. I think OP is a troll and our replies on his/her thread only feed him/her ego. I think you are alien!
Yes I think USDT stimulus for active traders are good.
If I try to understand, you want the government to provide assistance to traders by giving USDT for every USD printed. It imposible , because USD and USDT are different. both in management and creation. USD government owned USDT owned by tether limited company
OP does not seem to understand that. You can't just inject money into something to prevent a collapse, sure it will go smooth for a while but considering that the stimuli is only limited then it is sure that it will also be a limited smooth ride. I think OP is a troll and our replies on his/her thread only feed him/her ego.
If I try to understand, you want the government to provide assistance to traders by giving USDT for every USD printed. It imposible , because USD and USDT are different. both in management and creation. USD government owned USDT owned by tether limited company
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers is a business so you can't ask or force them to give free money to its users. They also pay taxes to maintain it. They don't force you to trade on their platform if you can't. While stimulus is provided by the government only because to keep the economy going. Without it, there is a possibility that their economy would crash.
Email the exchanges and suggest that to them.
With another $900B stimulus that's about to come next week. There will be a portion of it that might go to bitcoin. We don't know who are those wise receivers will invest it likely to bitcoin.
But just like the first stimulus, it seems exciting that we're going to get to see an impact of it once it's distributed.
With another $900B stimulus that's about to come next week. There will be a portion of it that might go to bitcoin. We don't know who are those wise receivers will invest it likely to bitcoin.
But just like the first stimulus, it seems exciting that we're going to get to see an impact of it once it's distributed.
Exchanges will never do unprofitable things. USDT air drop is too much. They have giveaway/competitions but only for really small % of users
Uhm in the first place, a stimulus check is supposed to stimulate the economy, so giving them to traders who would probably just use it to trade crypto/stocks and what not seem to be running contrary to that goal. It may affect it in some way, in which I'm not particularly sure of anyway, but the effect would be minimal compared to giving it to citizens who really need it and would willingly spend it to buy the necessities they lack. Additionally, crypto itself doesn't really need any help imo? It's growing quite well compared to what it was a decade ago, and I have no doubt it would only continue to do so for the next few decades.
So basically, you want to give out free money to traders because they deserve it by trading? Isn't it that exchangers ask for fees because it's their service and it's going to be a kind of refund for the traders themselves. USDT trading is traded very much in several exchanges.
OR
You want the "printed USDT" and have a portion of it because you are still using that stable coin?
Do you have any examples being done by governments with what you are talking about? I doubt there would be crypto-related stuff, but it's possible in other ways as well.
OR
You want the "printed USDT" and have a portion of it because you are still using that stable coin?
Do you have any examples being done by governments with what you are talking about? I doubt there would be crypto-related stuff, but it's possible in other ways as well.
Exactly my point. Yes, government provides stimulus in various sector like housing, agriculture, local businesses but for traders? I never heard of that, at least in my countries.
So basically, you want to give out free money to traders because they deserve it by trading? Isn't it that exchangers ask for fees because it's their service and it's going to be a kind of refund for the traders themselves. USDT trading is traded very much in several exchanges.
OR
You want the "printed USDT" and have a portion of it because you are still using that stable coin?
Do you have any examples being done by governments with what you are talking about? I doubt there would be crypto-related stuff, but it's possible in other ways as well.
OR
You want the "printed USDT" and have a portion of it because you are still using that stable coin?
Do you have any examples being done by governments with what you are talking about? I doubt there would be crypto-related stuff, but it's possible in other ways as well.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
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