Quote from: stompix on October 17, 2018, 01:12:36 PM

Well, it was supposed to not be an issue, although if you're pegged to a currency that experiences inflation it will also be affected. But in reality, because nobody was taken tether, people were trying to sell it at 90% of the value, just like Venezuelans do each day with their bolivar, offering more and more because nobody is selling goods in exchange at yesterday's prices. Imagine what is going in the heads of those that we're avoiding a bitcoin drop by holding tether on Monday

Yeah, I kind of meant that inflation doesn't matter in a sense that it's not a tool to escape inflation like other cryptos are (for some people anyway). But yeah these pegs are never going to work if they're not redeemable lol.

Quote from: stompix on October 17, 2018, 01:12:36 PM

If that would have happened we wouldn't have tether around anymore Grin

Lmfao touche.

Quote from: timotron on October 17, 2018, 01:18:28 PM

Why do we HAVE TO trust them! (?)

Well you don't really have to trust anything and you're absolutely correct to be wary of them. I personally think they're bad news unless done correctly, which they aren't. I was just pointing out that they exist because there's demand for them.