Post
Topic
Board Bitcoin Discussion
Re: Why not use Tether instead of Bitcoin ?
by
CryptSafe
on 19/07/2022, 20:30:47 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 ...

OP I think you really have to do more findings so you could understand what you are saying. For a clear understanding, tether is a stable coin with a smart contract on the ethereum blockchain. Please you should nite this that tether however is a token and not a coin as you presumed. Tether can be controlled and has millions of it in circulation. It is equivalent to one us dollar in real life. Now back to Bitcoin. Bitcoin as we all know Is a blockchain on it's own void of any centralized authority and has a scarce supply of 21million in supply. It has more appreciable value than tether as it is not controlled by any authority.