𝔽𝕚𝕥𝕫𝔾𝕚𝕓𝕓◎𝕟
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𝔽𝕚𝕥𝕫𝔾𝕚𝕓𝕓◎𝕟
@FitzGibb0n
Space Pigeon Wassie
Star Atlas Metaverse Katılım Şubat 2017
353 Takip Edilen346 Takipçiler

@usdcoinprinter You’re back!
Sir these printers have been idle for weeks, time to catch up
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@ercwl Same goes for eth as a dancing russian croc junkie memecoin
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Some damn expensive shirts and I lost that HD 😅
Charlie Shrem@CharlieShrem
Got some cool t-shirts and a cheap external HD #BoughtWithBitcoin
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@usdcoinprinter Looks like circle is stepping up when tether stops printing
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𝔽𝕚𝕥𝕫𝔾𝕚𝕓𝕓◎𝕟 retweetledi

Free Ross Ulbricth.
Pass it on.
Giacomo Loathsome Bitcoin Destroyer Zucco@giacomozucco
Free Ross Ulbricht. Pass it on.
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@KCgillN @corybates1895 Only for very precise exactly 1 BTC holders
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@corybates1895 Is this only for people with a single Bitcoin? Or can you apply if you have multiple Bitcoin?
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@smilinglllama @inversebrah Keep smiling llama it’s your year now
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@CollinRugg Flights should simply be charged per pound ; traveller + luggage
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Plus size traveler launches petition to demand that the FAA provides bigger seats for overweight passengers, says the seats “keep getting smaller.”
Jae’lynn Chaney is lashing out at airlines for blaming fat people for not fitting on their planes.
Chaney thinks that the seat belts keep getting tighter.
“The FAA should mandate that all airlines have a comprehensive customer-of-size policy that prioritizes the comfort and well-being of ALL passengers,” her petition says.
It currently has about 40,000 signatures.
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@Nateyesme @Bitfinexed @dolansduk The effort to convince everyone that the music is still playing is a big part of the game
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@Bitfinexed @dolansduk I think this is an inaccurate take. They won’t sell
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@Vitoklbt @Bitfinexed @davidshattuck8 Sir if things implode due to tether 39k is a bit optimistic
Would be closer to 0
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@Bitfinexed @davidshattuck8 Do you think we will see the 2024 lows in Bitcoin again? The $39k?
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Tether is ~10 years old, but ~15% of all outstanding tokens have been printed in the last 6 weeks.
That's ~$500 million per day ex nihilo.
If there is an increased demand for stablecoins in general that allows for an increase of supply while the price remains fixed, we would expect to see an increase in market cap across all major stablecoins with market participants having a strong preference for those that are redeemable-on-demand and have verifiable proof of reserves (like USDC and DAI/USDS) since everything else about these coins is ostensibly the same.
However, what we have seen over the 2-3 years since the peak in 2022 has been exactly the opposite. The number of issued Tether tokens has increased at an accelerating rate while those projects that have proof-of-reserves (and therefore cannot issue tokens in excess of demand) have shrunk dramatically.
So the questions then are:
If the increase in Tether's supply is a response to genuine increased demand by the market for stablecoins, why does the market have such an overwhelming preference for Tether, given the things that set it apart from other major stablecoins make it objectively worse (increased risk for holders for no extra return)?
And:
If the market's demand for stablecoins has actually been decreasing (as strongly suggested by the decreasing market cap and reserves of the proof-of-reserves stablecoins) while the supply of Tether has been aggressively increasing, why is the price of 1 Tether token still $1? Price cannot be fixed in place forever while demand goes down and supply goes up. It simply can't.
And finally:
What happens to the cryptocurrency markets if Tether de-pegs? The collapse of TerraUSD ushered in a crypto crash that erased ~$1T in global market cap in 2 months. Tether is now ~8x larger than UST was at its peak.


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@dotkrueger not your keys, not your crypto sir
you have been offered to surrender
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