@blimpalotlot@TheCoffeeBlock What that means is: tether is no different than the US dollar, it's not actually backed 1:1 and more can always be coughed out. Dump massive amounts of tethers made up money into bitcoin to manipulate the price. When tether and the likes crumble, everyone gets liquidated...
@blimpalotlot@TheCoffeeBlock I used to be of the same mindset: the immutability and transparency of the blockchain was unfuckwithable. As a technology, bitcoin is essentially flawless, but its undoing will be this; it doesn't "care" where it's liquidity comes from.
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