[MrEfficiency]

>Billions of Tethers were printed seemingly out of thin air and used to purchase Bitcoin.

Do we know if it was BTC that was purchased?

I have half a mind to think that people who were smart enough to buy decentralized and scare BTC are different than the people who would buy a centralized fiat coin Tether.

The only people I know that use Tether are gamblers who are day trading alt coins.

It is become more and more apparent every day that Bitcoin is different than Alts.

[masterjack]

> Do we know it was BTC that was purchased?

Yes. You can monitor the price and volume charts of BTC after a wild tether appears. For example: http://www.tetherreport.com

[MrEfficiency]

Thank you.

Its unfortunate the early adopters spent much time understanding and educating people about currency while the most recent crowd is following the greed. Tether is the opposite of the problem that was being solved.