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0 sats \ 1 reply \ @AJ1992 OP 3 May \ parent \ on: Tether is beating Bitcoin where it actually matters. Personal_Finance
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?
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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