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A comment on Tether Critical Announcement. Parent comment

Re:Tether Critical Announcement by josephagoss on Monday November 20, 2017 @11:55PM (#15745631)
To be fair a lot of us stay away from these Tethers.

I think there is a place for a 1:1 backed currency on the blockchain, but I'd rather see Governments actually print for example USD and AUD onto something like an ERC20 Ethereum token.

This would add real fiat to the blockchain which is important, as in the end all taxes are paid in fiat. (It would be nice to be able to go directly into AUD for all crypto currencies, rather than the mess I have now which is to use an intermediate crypto currency like Ethereum or Bitcoin to move in and out.)

Those extra transactional costs really screw with a lot of us.

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Re:Tether Critical Announcement by iamthirsty on Tuesday November 21, 2017 @02:02AM (#15746216)
> To be fair a lot of us stay away from these Tethers.

Especially after the Bitfinex "hack". I won't touch them with a ten-foot pole, but for large scale money laundering, nothing fits the bill better.

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