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A comment on The Tether Conundrum: a look into a suspicious cryptocurrency. Parent comment

Re:The Tether Conundrum: a look into a suspicious cryptocurr... by gsich on Friday January 19, 2018 @03:32PM (#16189515)
Why backed? Fiat is not backed by anything either.
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Re:The Tether Conundrum: a look into a suspicious cryptocurr... by yobrien on Friday January 19, 2018 @03:38PM (#16189561)
But fiat is generally trusted with a long track record and is backed by the word of the government, a powerful and trustworthy organization to a decent extent.
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Re:The Tether Conundrum: a look into a suspicious cryptocurr... by bryananderson on Friday January 19, 2018 @03:59PM (#16189774)
Turns out the full faith and credit of a major government is a hell of a thing of value.
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