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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by DebtDeflation on Thursday May 12, 2022 @06:35AM (#31351919)
We will almost certainly see pre-2017 prices at some point.
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Re:Tether starting to lose its peg too, after Terra did by eric_cc on Thursday May 12, 2022 @11:47AM (#31355845)
Won't happen because USD buying power has gone down considerably since 2017 due to The Fed printing money out of thin air like there is no tomorrow.
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Re:Tether starting to lose its peg too, after Terra did by iso1210 on Friday May 13, 2022 @04:10AM (#31364685)
In 2017 $100 would buy you about €90, ¥11000, CHF99, £80 (plus/minus about 5% during the year).

Today it will buy you €96, ¥13000, CHF100, £82

Not a great deal of movement

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Re:Tether starting to lose its peg too, after Terra did by archontes on Thursday May 12, 2022 @06:13PM (#31360738)
Easy for a weak currency to buy a worthless one.
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Re:Tether starting to lose its peg too, after Terra did by vkou on Thursday May 12, 2022 @06:57AM (#31352143)
The problem is that you can't convince the faithful that it's going to happen in their lifetime.
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