Post
Topic
Board Bitcoin Discussion
Re: Why not use Tether instead of Bitcoin ?
by
DeathAngel
on 14/07/2022, 17:24:01 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 ...

See bolded - that’s exactly why people prefer bitcoin to USDT as an investment vehicle. USD is losing purchasing value every year, inflation destroys lives & USDT is pegged to USD. Bitcoin is the lifebelt to save people from financial ruin. USDT is fine to transact immediately but for long term HODLING it is useless.