undefined | Better HN

0 pointsleppr5y ago0 comments

Have you considered the fact that "better regulated" might not be an advantage for someone using it as a capital flight tool? A big value proposition of Tether as an on-ramp is its discretion.

0 comments

raesene95y ago

Abolutely I have, I also think that regulators in places like the USA are very likely to crack down on any company providing that kind of service :)

The most likely threat to Tether as a currency (IMO), is that one or more large countries outlaws its use, and/or decides to prosecute its owners...

lepprOP5y ago

Don't put too much hope on that. The only country that would realistically single Tether out to "outlaw" it would be the US. They may do so, but even then they won't be able to stop the redeeming process from taking place abroad. That may mark the beginning of a slow decent, but no threat to current holders of the token IMO.

j / k navigate · click thread line to collapse

0 pointsleppr5y ago0 comments

Have you considered the fact that "better regulated" might not be an advantage for someone using it as a capital flight tool? A big value proposition of Tether as an on-ramp is its discretion.

0 comments

raesene95y ago

Abolutely I have, I also think that regulators in places like the USA are very likely to crack down on any company providing that kind of service :)

The most likely threat to Tether as a currency (IMO), is that one or more large countries outlaws its use, and/or decides to prosecute its owners...

lepprOP5y ago

j / k navigate · click thread line to collapse