Quote from: coinbiz on January 12, 2021, 04:57:14 PM

I honestly can't wait for the day that tether is removed from the bitcoin/exchange ecosystem. The concept of stablecoins in general is toxic to the all of crypto.

When tether collapses, it will cause a short squeeze capital exit via altcoins, followed by full panic mode and crypto market crash. Only after that will we see true growth and long-term stability. Right now, bitcoin's true value is tainted by tether. I think we'd have a lot less volatility without tether and stablecoins. They have the opposite effect on crypto price stability as a whole. They suck the stability out of the market. I really hope it happens this year.

It's also a necessary evil when alternatives are lacking, mostly due to various regulations.

Quote from: coinbiz on January 12, 2021, 04:57:14 PM

January 15 is a key deadline in the NYAG case, so we'll see what happens pretty soon. Or maybe nothing will happen.

Even if that date proves to be prophetic, it will take longer until enough events unfold to affect Tether/Bitfinex/iFinex, and potentially the price of BTC.