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A comment on Coinbase S-1. Parent comment

Re:Coinbase S-1 by gogopuppygogo on Thursday February 25, 2021 @08:45AM (#26262654)
Decentralization of a currency is great in theory but adoption has been abysmal.

At least as an investment asset BTC has found a niche.

Especially with billions of tether issued without any fiat behind it to keep the market extra liquid.

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Re:Coinbase S-1 by charcircuit on Thursday February 25, 2021 @08:53AM (#26262709)
>Especially with billions of tether issued without any fiat

Do you have any proof of this? Tether is over collateralized by $164M.

https://wallet.tether.to/transparency

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Re:Coinbase S-1 by charcircuit on Thursday February 25, 2021 @09:30AM (#26263103)
Neither of these links support your claim. The first link says there was a period years ago where it wasn't true, but nothing about the current state. Your second link just shows that people and businesses prefer Tether over USD. It's also surprising that the author did not know that bitcoin is a very common half of a trading pair.
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