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.
Even gold, silver and EUR are losing their value against the USD right now. So the idea of USDT can be an investment isn't wrong at least for the short term and despite the inflation rate for this year is high. I wonder what the BTC-USDT rate or similar stable coins will be? Will the same happen to BTC, losing value against USDT since USDT say is back 1:1 to USD?