Tetherprinter

OMG FUD
REEEEEEEEEEEEE
LAMBOOOOOOOOOS
JUST FUCKING SHUT UP
FUDDDDDDDDDDDDDDDDDD

I unironcally don't get it: Why would they not back their tether as they say? They make money by fees don't they, they would cut off their own source of income if they fucked this up.
It reminds me of all those people saying pokersites are rigged..maybe I just don't get it, but what is the problem with tether and why should they want to print out of thin air??

Now it's 200 million/day
Literally a few weeks and Tetherprinter will print 500million/day

>the state can launch SCUD missiles, why can't we?
Cute.

*Print silently*

Because the whole thing was invented as a way for them to pay out to the account holders who got hacked through their shit site. Then they realized "oh hay fuck people are stupid" and the game was on.

If this way true why would no other company do the real thing?
I mean it's actually a brilliant idea to create 'tether' currencies and I bet there are numerous banks / invesotes who would happily back such a currency with real world currencies no?

being able to bring down the btc market whenever they want is a bigger threat than a few thousand pounds of explosives strapped to a rocket

I'm tired of brainlets who don't understand economics or finance saying that the USD is backed by violence. It's based off of the GDP and debt the US has, which is what creditors evaluate when giving the US a credit rating.

This, it's incredibly ridiculous.
Also people don't seem to understand that in a case of a massive crash of regular currencies the least thing you will be able to pay with is some bits / bytes in mad max land.