Quote from: kobo_eth on March 27, 2018, 11:47:15 AM

In one of the other threads we had an interesting discussion with some guys, I wonder what you will say, as it directly concerns ETH.
With its current collapse (especially against BTC), the following makes any sense, no?

One might imagine the devastation of the effect that Tether can possibly bring by just taking a closer look at the BTC trading graphics/charts:

https://www.coingecko.com/en/coins/bitcoin/trading_exchanges#panel

33.3% of the trade will be the mere minimum that will be affected, and does yet not take into account the USD and Bitfinex (which are both tied to USDT in some sort) and the subsequent decline of as well Ethereum:

https://www.coingecko.com/en/coins/ethereum/trading_exchanges#panel

Ethereum will be crippled if USDT fails, because not only is USDT entwined in 24.9% of all Ethereum trades, the effect is complementary to USDT affecting the underlying BTC price as well. ETH/BTC will drastically alter when a run from tokens>eth>btc>fiat starts. Most ERC20 tokens might lose up most if not all their current value. Actually this drain of value from ERC20 tokens has been going on for some time already, very slowly, and with a subtle price pump now and then for the more "popular" tokens, to keep people believing in those ridiculous projects.

Why would you speak like USDT could fail? I'm honestly curious.