I don't think the exchanges is willing to shift to LN with high risk, low return. Actually high fee and slow withdrawal benefits them.
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BoardAltcoin Discussion
Re: Why so many negative opinions about Tether?
by
dizzylight
on 26/01/2018, 08:17:54 UTC
Because most of them are stupid don't have ability to think. As for what I know of this problem, the only explanation is the demanding for tether is very strong, a lot of ICOs depend on the issue of 'currency'. It doesn't only count on US dollars, any other Fiat purchases could contribute to the mint.
I think it's the best thing since Bitcoin because I can use it to save my altcoins when shit start hitting the fan and then buy them when they are low, while Tether pretty much never moves from $1.
Now from my understanding people don't like it because an exchange created this coin and it can be made out of nothing? But I'm not sure about this.
Any input?
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BoardBitcoin Discussion
Re: The bigger bitconnect: TETHER
by
dizzylight
on 26/01/2018, 08:06:01 UTC
Not good. It's banal. Minted tether mostly probably goes to new coins.
The exchanges, for their part, should offer better transparency. If Bitfinex isnt acting out of self-interest, it is in the exchanges best interest to explain its actions fully: why new USDT are being printed, what theyre backed up by, and the like. Vagueness raises justifiable suspicion, but only on the part of those who understand the market dynamics at play.