Omg - is this the beginning of the end?
No. Well, maybe? But not really?
Taking a look a the market cap, Tether is right above Bitconnect, which has MANY vocal opponents claiming ponzi / pyramid / etc. So if Tether collapses, it would be slightly worse than if Bitconnect collapses - from a market cap perspective.
But what about exchanges that are dependent on Tether???
In the event of a Tether collapse, any exchange that was previously using Tether would simply migrate to another solution. Necessity is the mother of invention, and with the resources available (barring mismanagement - I'm looking at you Gox), either a solution will present itself or would be spontaneously created.
Or maybe this is a huge deal - what are your thoughts?
What is the worst case potential impact from the collapse of Tether?
Leave a comment, get an upvote!
Hello @rurdy4sumfutbalz, upv0t3
This is a free service for new steemit users, to support them and motivate them to continue generating valuable content for the community.
<3 This is a heart, or an ice cream, you choose.
:)
R4ND0M:
3455 2043 2433 1131
9263 5206 7909 5391
1103 2747 1274 9355
5754 5432 8524 7861
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @rurdy4sumfutbalz! You have received a personal award!
Click on the badge to view your Board of Honor.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @rurdy4sumfutbalz! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit