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Tether is good for providing the 3rd world more efficient ways to move money that will keep them out of banks & ultimately promote use of Bitcoin infrastructure. It will contribute to lightning liquidity & will make adoption of (swaping to) Bitcoin as a tool for saving a much simpler process. It is incredibly conservatively managed & the revenue is being used to fund development of keet & other p2p infrastructure.

Tether is a way to move people who have no idea that they need Bitcoin closer to Bitcoin without them knowing.

atyh 2y ago

The CIA loves them some tether. Easy way to pay the Al Queda forces they’ve been funding to destabilize Syria.

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Discussion

Jeff Swann 2y ago

I mean, even if that is the case, what difference does it make? That's just evidence that the efficiency of moving tether WILL likely undermine CBDCs. If even the govt, & the other criminals they spawn, prefer tether to dollars, then preventing the sort of slavery like censorship that a CBDC would enable is well within the realm of possibility.

I'm not telling anyone to use tether, but I can understand that there are a lot of people who don't want or are afraid of Bitcoin who will be better off with tether than a CBDC.