Post
Topic
Board Bitcoin Discussion
Re: Why not use Tether instead of Bitcoin ?
by
Wakate
on 14/07/2022, 13:40:32 UTC
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 ...
This two coin are different from each other and we should not compare the two because Bitcoin is not a stable Coin. Bitcoin is a decentralized coin which all other coins depends on the movement apart from stablecoins. Tether is a stable coin which is pegged to USD. It is not volatile like other coins that depend on volatility to make gains or lose. Stable coins are used when the market is not certain or when investors want to keep their fund without allowing it to depreciate in value.