Yeild is a fiat phenomenon. If you belive yield is real than by extention fiat is a real measuring unit. Tether is purely foat financial engineering.
Discussion
Cool but they can still spend those dollars
Within the fiat system. So an illusion of profit. Arguably it's not real until it's traded for #Bitcoin.
I admire your enthusiasm and I hate fiat too but their dollars of profit are accepted at >10,000x more marketplaces than Bitcoin.
Obviously the fiat system encompasses >99% of earth. So yes, their excess cash flow is indeed real profit.
All good. Different monetary systems. I don't own any fiat. I spend sats for daily living. I'm on the Bitcoin Standard. I'd highly recommend nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe book. When you do make it out of the fiat system that's when it was clearer for me. I like to replace the word $Dollar with something like "Magic Unicorn Shit" or "War Bucks". Makes the thought experiment of comparing unchanging decentralized #Bitcoin with infinite centrally controlled "dollars" easier and less loaded. Theyre all the same. Make believe.