Tether (USDT) is launching on Coinbase Pro

  • Thread starter Thread starter krugman25
  • Start date Start date
Overnight said:
It is because the questions are unanswerable without referring to the USD and fiat currency. Cryptos, like all other commodities, have ZERO value without being converted into the currency used in the world, which is the USD, and other countries' paper monies to "pay off all debts, public and private."

Remember that little phrase on the USD paper?

THAT'S the point I have been trying to drive home, and have given up on. Cryptos, like everything else, seem to HAVE to be compared to the USD.

So when I ask, How many BTC would it take to buy 1 Tether, well, everyone scrambles to the calculator to see how much a BTC is worth in USD.

Fiat currency will forever be interlinked with all other forms of currency, until we invent Mr. Fusion.

Free and unlimited energy is the only thing that will ever save us from the greed and spite our miserable species inflicts upon itself every day.
More...
The fact that you keep saying the word "cryptos" which is too vague to have any meaning in 2021 and keep talking about this imaginary conflict between "cryptos" and fiat, tells me you are firmly stuck in 2017 and have no idea what's been going on in this space.

First, I don't own Bitcoin. I got into this space for smart contract driven blockchain technology, not fiat replacement. I hold a fair number of tokens. Some of those tokens represent protocols that earn more revenue than 30+% of the companies in the S&P500. None of the tokens I hold are trying to be or replace money. All but 1 aren't even blockchain tokens, they are protocol tokens.

I fully expect to move my fiat into and out of tokens in the same way I move my fiat into and out of stocks, commodities, bonds and real estate. No difference. All of that being said, if someone believes in the Bitcoin narrative and wants to move some of their fiat into it, more power to them. And if they happen to make huge profits then I'll celebrate with them.
 
Last edited by a moderator:
krugman25 said:
The fact that you keep saying the word "cryptos" which is too vague to have any meaning in 2021 and keep talking about this imaginary conflict between "cryptos" and fiat, tells me you are firmly stuck in 2017 and have no idea what's been going on in this space.

First, I don't own Bitcoin. I got into this space for smart contract driven blockchain technology, not fiat replacement. I hold a fair number of tokens. Some of those tokens represent protocols that earn more revenue than 30+% of the companies in the S&P500. None of the tokens I hold are trying to be or replace money. All but 1 aren't even blockchain tokens, they are protocol tokens.

I fully expect to move my fiat into and out of tokens in the same way I move my fiat into and out of stocks, commodities, bonds and real estate. No difference. All of that being said, if someone believes in the Bitcoin narrative and wants to move some of their fiat into it, more power to them. And if they happen to make huge profits then I'll celebrate with them.
More...
What tokens do you hold?
 
You must log in or register to reply here.
Back
Top