> they are backed by the Tether guy not the USD guy

This is the real bottom line issue, isn't it? "fake fiat possibly backed by fiat and 100% censorable by the admin key".

#### You'll own nothing, and you'll be happy. Eat zhe bugs.

![](https://m.stacker.news/118184)

optimism

wrong... they are backed by the Tether guy not the USD guy...

In fact ES is not buying any BTC, not with USD, not with USDT. they are just puppets to show the world how nice they move BTC from one wallet to another, owned by Bittfinex.

bitcoin

Why people are cheering up for El Salvador BTC reserve ?

DarthCoin

> they don't actually control the printer

wrong... they are backed by the Tether guy not the USD guy...

![](https://m.stacker.news/118173)

In fact ES is not buying any BTC, not with USD, not with USDT. they are just puppets to show the world how nice they move BTC from one wallet to another, owned by Bittfinex.

You'll own nothing, and you'll be happy. Eat zhe bugs.You'll own nothing, and you'll be happy. Eat zhe bugs.