Why do people not promote Tether instead of Bitcoin?
Is it because there is no money to be made in Tether?
Isn't the whole idea of Bitcoin to have a decentralized network that is useful and fair? Isn't that Tether?
1:1 seems fairer than 1:20,000 ...
So you think that Tether is decentralized, useful and fair? Are you joking? Read more about Bitcoin and Tether and then come on the forum and start posting. Tether is a centralized fractional reserve shady company. Tether might be the next big reason for the Bitcoin price to go down to 10K USD. Nobody knows whether or not USDT is 100% backed by USD. We've seen other stablecoins collapsing. It's about time for Tether to collapse. Why use Tether, when you could use US dollars. Tether isn't any better than the US dollar.
There's no such thing as a "fair price". The market decides the price. If the price is 1:20,000 then this is the "fair price". It doesn't matter if it's going to be 1:1 or 1:20,000.