Tether- too big to fail? | Bitcointalksearch.org

ashmodeus

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what i interest on that article is how they explained about crypto is still and always as a unstable price.

Quote from: der_troll on April 13, 2019, 01:05:58 PM

I cannot imagine how a stable coin could fail. They should not make any announcements, marketing or anything else. A stable coin should simply exist on the market and do the only task for what they were created. I do not think that any stable coin would ever fail to gain its part of the market.

for me , it can be happened, if people really understand what is stablecoin using for, they will forgetting it.
a simple explain from my mind just like this,
u spend a real usd from your real life to buy a digital usd,then u hodl it for how long u like and the price is still same like u buy before.
so for what u came to crypto if u still same like before.
for me, stable coin used just for like antitipation like short bear attack , just for it.

Pamadar

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Quote from: rijaljun on April 13, 2019, 01:02:12 PM

Do we really need tether? I dont think so, because the main reason why bitcoin was invented is to save people from centralized money like dollar. And tether is no more than just a dollar in crypto space. I dont care if it's fail anyway.

It's been used by experienced traders who always find advantages, but you are correct as the real intentions for creating btc is to have freedom from centralized market, who cares if this project failed as it's not serving the crypto industry being a representative of a dollar inside this industry.

Adriano2010

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No one can guarantee that Tether will not fail overtime, and is better always don't hold a lot of money of stablecoins, because better hold on bitcoin or cash money.

thefoex

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Quote from: semes on April 13, 2019, 07:46:45 AM

Quote from: dunfida on April 11, 2019, 10:19:38 AM

According to their transparency Cry

Do you really believe that they are transparent? I think they are not. And I can't trust their data's which they are sharing with us.

But TUSD made an announcement and they proved that their all reserves backed by real USD in their bank account.

yes you are right, we cannot trust this fully until they show their reserves of funds. I respect TUSD who want to share important data like this. but tether seems never to be. if they want, they should do this before.

NeuroticFish

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Looking for campaign manager? Contact icopress!

Tether has now competition. Quite a real one.
That doesn't mean it'll fail by the meaning it'll become worthless overnight (although that can happen too, like with any stable coin if the backing company goes bankrupt). But people will use other stable coins too and there may be quite a lot of work to do to convince exchanges to accept your stable coin and don't accept others'. When that kind of businesses will start flourishing, some stable coins will become unused. Time will tell if USDT will be among those.

der_troll

sr. member

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I cannot imagine how a stable coin could fail. They should not make any announcements, marketing or anything else. A stable coin should simply exist on the market and do the only task for what they were created. I do not think that any stable coin would ever fail to gain its part of the market.

rijaljun

sr. member

Activity: 1274

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Do we really need tether? I dont think so, because the main reason why bitcoin was invented is to save people from centralized money like dollar. And tether is no more than just a dollar in crypto space. I dont care if it's fail anyway.

redsun114

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Leading Crypto Sports Betting & Casino Platform

Do the fact that a coin has gain a lot of attention in the market doesn't mean that they are too big to fail, because any platform that don't have a very good working team will fail no matter what they have built over time, we have seen many crypto project fall this way and we would still see even more project with traction fall, the power is in the team work and not in what you do at first to gain the attention.

semes

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Quote from: dunfida on April 11, 2019, 10:19:38 AM

According to their transparency Cry

Do you really believe that they are transparent? I think they are not. And I can't trust their data's which they are sharing with us.

But TUSD made an announcement and they proved that their all reserves backed by real USD in their bank account.

Callanta787

member

Activity: 546

Merit: 21

I dont see anything wrong with tether and its the first of its kind ,I prefer tether than other stable coins like usdc but tether do have its bug like wallet issues ,hope it can be fix in the future

BitcoinHodler

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HODLing is an art, not just a word...

there is no such thing as "too big to fail" ever specially when the foundation of something is built on top of a broken design. and Tether is exactly that. a broken centralized token that is supposed to be backed by real US dollars but in reality it is not. and also the company behind it (the centralized owner) is not the safest or the most legitimate companies so in other words Tether is actually doomed to fail eventually. the only question is when and what effects will it have on this market specially the altcoins that don't even have a fiat market but they have tether market.

ivaf

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The valuation of Tether would be entirely a self-referential process, with the price of Tether being defined as arithmetically equal to itself, were it not for the existence of U.S. dollar (and other fiats) bitcoin markets. A change in the price of bitcoin in these markets, without a concomitant one in Tether markets, will shift the price of Tether away from a dollar. So, essentially, when someone says that a Tether is worth a dollar, what they’re saying is that the price of bitcoin in Tether on unbanked exchanges is the same as the price of bitcoin in dollars on banked exchanges. But there’s no obvious mechanism for keeping the two values at parity.

crenfrosck

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As Tether is backed by USD, it might be considered as a coin that should be stable. On the other hand, we have to remember the coin will be as good as a currency that it is backed by. With current socialistic tendencies in USA it might not be very bright to hold a coin which can be influenced by inflation of USD. In comparison with the rest of the market it seems like Tether is not moving, but that is reasonable due to the its characteristic. In conclusion, nothing is too big to fail: some things just take its time.

mrdeposit

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Their ambitious speech in the face of the possibility that they can be scammer...
Indeed, if we use stable money in the future, I do not believe it will be the ones from the today's market.

dunfida

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According to their transparency Cry

Kemarit

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If you have been in the crypto market and has the experience, you will definitely understand what Tether is. You don't need to complicate things, just common sense will do. And still the big question is, do they really have the fund to back it up or are they just running on fractional reserves? As far as I know they refuses audit that's why a lot of people are still branding them as a "scam".

HodlChampion

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Is Tether becoming the cryptocurrency version of a bank? Interesting read from a crypto CEO linked below.

"Fiat-backed stablecoins are therefore rarely actual cryptocurrencies, which causes them to inherit their main characteristics and shortcomings from the centralised banking system. Ultimately, they function in the same manner as fiat, backed by what amounts to an IOU."

https://medium.com/@DDhopn/stablecoins-3b93b4f1ddc5

Topic: Tether- too big to fail? (Read 145 times)