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by dovakin 894 days ago
Well as a matter of fact btc is none of these things compared to any other crypto, which are themselves not particularly any of these things.

But I agree with the fact it’s not the SEC’s role to tell us the merit of btc. I do have some worries on the Tether scam still going on for example though, which has been manipulating BTC for years.

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No matter if it is a scam or not, at the end it worked. Similar to banks which don't have enough capital.

Now Tether owns tons of money, and can buy treasuries that bring few % of interests, and these interests are not paid back to USDT holders.

As a result, overtime, they'll be able to fill-in any potential gaps or money accidentally lost.

Impressive, isn’t it? They bootstrapped a stablecoin!

Edit: spelling