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submitted 4 days ago by Beep@lemmus.org to c/technology@lemmy.world

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[–] group_hug@sh.itjust.works 1 points 4 days ago (1 children)

Sure one BTC is one BTC. But how many USD is a BTC worth? A lot of that depends on the stable coin tether and that is backed 100% by "trust me bro"

And 99% of cryptoheads are just fine with "trust me bro" they just want "number go up" the rest of it seems to be misdirection and distraction.

[–] whotookkarl@lemmy.dbzer0.com 1 points 3 days ago

I thought the point they were making is not using usd as reserve currency?