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A comment on The Supply of Tethers at 27 November 2017 is $675M. Parent comment

Re:The Supply of Tethers at 27 November 2017 is $675M by jstanley on Tuesday November 28, 2017 @08:37AM (#15797075)
Yes it is possible. That doesn't make it meritless.

You might equally say "isn't it possible that Tether could just print Tethers out of thin air"? And the answer would be "yes", but people still find utility in it.

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Re:The Supply of Tethers at 27 November 2017 is $675M by Mouse47 on Tuesday November 28, 2017 @08:40AM (#15797107)
I wasn't saying it was meritless, I'm just a big finance noob.

So basically Unum is trading "risk of value going down/up" for "risk of smart contract bank run"?

EDIT: Also, I'm really interested since this is the first smart contract use case that I've managed to understand. Which is good since I'm all-in on ETH :)

EDIT 2, for anyone reading this thread: here's the announcement thread, answers all the questions I had here: https://bitcointalk.org/index.php?topic=2473877.0

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Re:The Supply of Tethers at 27 November 2017 is $675M by jstanley on Tuesday November 28, 2017 @08:43AM (#15797146)
Compared to holding ETH, yes, that's the tradeoff.

Compared to holding USDT, the tradeoff is that Tether can't print themselves free USDT's, but you have a risk of a smart contract bank run.

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