BitUSD are just contracts based on bts so if bts experiences a black swan event then bye bye bitusd.
But yes, tether is shit.
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BitUSD are just contracts based on bts so if bts experiences a black swan event then bye bye bitusd.
But yes, tether is shit.
Yes I understand you have to back up BitUSD with BTS collateral but it is decentralized and is unlikely to collapse.
I had some questions about the whole affair with BitUSD and BTS and found a guy's blog that I really liked, I might make a post about his posts or something and incorporate some of my other thoughts. I think that some of the bravest will move into BitUSD if tether implodes, but there's still no assurances that govs won't try to move against or punish the BTS ecosystem for making derivatives of fiats and other securities, in addition to some other basic economic realities that underpin them.