Re:Bitcoin Hits New All-Time High
by londons_explore on Wednesday December 16, 2020 @09:19AM
(#25442742)
Does Tether have a direct relationship with Bitcoin in a way that for example Ethereum doesn't? I was under the impression that all places that trade USDT do so with all major cryptocurrencies.
Re:Bitcoin Hits New All-Time High
by 4AoZqrH2fsk5UB on Wednesday December 16, 2020 @09:21AM
(#25442761)
Re: technically superior
Can you elaborate? I was under the impression that it had notable failings, including privacy, compared to something like Monero
Re:Bitcoin Hits New All-Time High
by saalweachter on Wednesday December 16, 2020 @09:23AM
(#25442775)
Shit, I don't know; I'm conjecturing here.
Re:Bitcoin Hits New All-Time High
by lccarrasco on Wednesday December 16, 2020 @09:24AM
(#25442797)
Lower privacy can be a failing from a consumer point of view, but an advantage for regulated businesses.
Don't businesses like keeping their financials private? (At least that's what I learned in a business class 20 years ago.)
Perkins Coie released a report [0] saying that privacy coins are compatible with regulation.
[0] https://www.perkinscoie.com/en/news-insights/anti-money-laun...
1. Bitcoin has some sort of "first mover" advantage which gives it a critical number of investors/PR that allows it to keep trading high, and no other coin will ever be able to catch up to it.
2. Bitcoin is actually technically superior to other coins, and it won't be supplanted until whatever the special sauce is, is replicated.
3. Something is hinky in the Bitcoin markets, eg, Tether, and this explains its divergence from other coins.