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0 sats \ 6 replies \ @moon 4 Jul 2022
the fact that some bitcoiners trust USDT is beyond me
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0 sats \ 5 replies \ @notgeld OP 4 Jul 2022
But this is free market. So far stablecoins are the closest form to privately issued monies we could observe for more than 100 years of central banks domination.
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0 sats \ 4 replies \ @moon 4 Jul 2022
Sure, but USDT is basically an IOU for the USD issued by a shady company... so even worse than the dollar itself. There's an interesting video from Coffeezilla talking about Tether.
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1 sat \ 3 replies \ @notgeld OP 4 Jul 2022
My point is if you don't like USDT use USDC.
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0 sats \ 1 reply \ @sp 4 Jul 2022
Isn’t USDC capable to block/kill specific wallets?
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0 sats \ 0 replies \ @notgeld OP 5 Jul 2022
Yes. So tether does.
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0 sats \ 0 replies \ @moon 4 Jul 2022
Yeah I think it's a better option
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0 sats \ 1 reply \ @TheBTCManual 4 Jul 2022
hmmm such a quick deleveraging, I wonder how that affects that tradFI market, will be interesting to see
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0 sats \ 0 replies \ @notgeld OP 4 Jul 2022
I started to think that they just getting rid of most risky assets while arbitraging USDT dump on markets as a result of LUNA-3AC story.
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