When I check coinmarketcap and Tether has a larger cap than Bitcoin cash, it makes me cry a little.
Does anyone even use tether or hold it? I don't know anyone that has interest in it. They just issue it whenever they feel like it?
Tether does not fit my definition of cryptocurrency. The price of tether is NOT based on supply and demand. It is based on a 'promise' of actual cash reserves that may or may not exist and may or may not be available. Tether is ... horrifying.
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source https://www.reddit.com/r/btc/comments/dc5gko/price_isnt_every_thing_however/
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