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RE: COINBASE KILLER?!?!

in #robinhood7 years ago

Of course they are going to keep printing tether. Let’s say bitcoin is 1000, and they make 1000 tether so a person can sell it and his bitcoin and buy coffee and some donuts. Now bitcoin is 10000 but they keep tether the same amount. Wow, guess what. He can’t sell his bitcoin cuz the”bank” is bankrupt, no tether.

Maybe there are some reasons to worry about tether and the parent company but it’s definitely not because they are “printing” tether. If amything, more tether means more liquidity. I would be more worried if they stopped printing tether.