News for hackers. Stuff that matters.

A comment on Bitcoin Halving Just Occured. Parent comment

Re:Bitcoin Halving Just Occured by wmf on Monday May 11, 2020 @05:47PM (#23147488)
AFAIK MXN never claimed to be backed by USD, but Tether claimed that USDT are backed 1:1 by USD in a bank account. We now know that there aren't $6B in that account but people still choose to trade USDT near par with USD; I guess this is analogous to how the value of the USD didn't fall when it became no longer gold-backed.
[ Parent | on HN ]
Re:Bitcoin Halving Just Occured by arcticbull on Monday May 11, 2020 @06:01PM (#23147628)
...which is literally the flagship problem BTC purports to attempt to solve.
[ Parent | on HN ]
Re:Bitcoin Halving Just Occured by AnthonyMouse on Monday May 11, 2020 @06:40PM (#23147992)
Which is why USDT isn't Bitcoin. Its purpose is to solve a different problem.
[ Parent | on HN ]
Re:Bitcoin Halving Just Occured by testrun on Monday May 11, 2020 @08:42PM (#23149295)
Which is?
[ Parent | on HN ]