In profits.
Stablecoin is the future of payments on a global scale, been saying this for years now.
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0 sats \ 0 replies \ @_b_o_n_e_s_ 3 May
if youre a centralized company yes profits matter.
bitcoin is a protocol.
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0 sats \ 0 replies \ @rtr 3 May
No surprise. It's being shilled to oblivion in Latin America and other third world countries for remittances.
I personally think that the reason why it's popular is because it's piggybacking on the "USD" label and the moniker "stablecoin", giving it an appearance that it's somehow better than the other crypto assets since it's "stable." It should be called "fiatcoin" fwiw.
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0 sats \ 0 replies \ @BenAllenG 3 May
What exactly is your analysis of the relationship of tether's profits to its stable coin's viability?
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0 sats \ 19 replies \ @Satosora 3 May
wtf are you dreaming about?
Without btc, there would be no tether.
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0 sats \ 18 replies \ @AJ1992 OP 3 May
Read the article and weep. Just because Bitcoin was first doesn't make it the best. Bitcoin has flaws that will never be addressed because you delusional maxi's keep acting like it's flawless when it's not. Other cryptocurrencies do certain aspects in better ways, and instead of Bitcoin adapting and evolving the devs and maxi's just refuse to acknowledge the flaws that throw insults at anyone that doesnt agree with them.
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10 sats \ 4 replies \ @Fabs 3 May
I don't think you understand Bitcoin as well as you think you do. Asking for it to "improve and adapt" like shitcoins do (yet still fail in the long run) shows that clearly.
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0 sats \ 1 reply \ @AJ1992 OP 3 May
Tell me how exactly ETH has failed? Or other cryptocurrencies that have been around for a decade or so now that have been reliable and much easier to transact on?
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0 sats \ 0 replies \ @Fabs 3 May
I'll not enter in the endless discussion that may follow from that, I will say, however, that the countless shitcoin's that are "easier to transact on" are nowhere near as popular as Bitcoin, and how many of those have seen their use increase over the last decade? How many haven't?
I wonder why.
let's circle back onto the topic and get it over with quickly:
"In an attestation signed by BDO, an independent accounting network, the company announced record-breaking profits of $4.52 billion, as part of its stablecoin-derived operations."
"Tether specified that $1 billion was obtained directly from operations including U.S. Treasuries, while the rest was obtained from the appreciation of the company’s investments in gold and bitcoin."
Ah, more than 3/4 of those profits stem from speculation and / or owning assets such as gold or Bitcoin.
What point are you trying to make here? That they too profit from Bitcoin's price appreciation?
Why would stablecoins from a private company be the "future" of payments, when the Fed, ECB et cetera can simply throw up their very own "Stable coin", commonly referred to as CBDC's?!
I don't know why you're constantly trying to create some vague points against Bitcoin, you'd do better investing that time into actually reading up about Bitcoin, instead of some goofy articles.
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0 sats \ 1 reply \ @Satosora 3 May
I would downzap him but that is a total waste of sats.
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0 sats \ 0 replies \ @Fabs 3 May
Yep.
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0 sats \ 12 replies \ @Satosora 3 May
@DarthCoin
You have a new customer!
This kid needs an education.
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0 sats \ 11 replies \ @AJ1992 OP 3 May
Darth and I know each other very well. I'm one of the old school originals here, clearly you're not since you didn't know our history. Darth is a self centered arrogant asshole that goes against everything Satoshi taught and wanted for Bitcoin. Darth pushes people away from Bitcoin while Satoshi showed love and tried to get more.people involved. Don't worship Darth, that's what he wants on here. His life off the Internet must.truly be miserable. I can't imagine. He's probably fat and gross and smelly too.
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0 sats \ 10 replies \ @Satosora 3 May freebie
You attacking him as a person shows how immature you are.
Darth isnt right about everything, but he does know what he is talking about.
You dont.
And as you can see, your post still has zero. Lol