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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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29830611 No.29830611 [Reply] [Original]

G-g-g-guys, where does all the money come from... ?

>> No.29830783

>want to buy bitcoin
>how to pay with dollar??
>pay for tether with my dollar
>pay for bitcoin with my tether

>tether have dollar, i have bitcoin, bitcoin have tether which have dollar so bitcoin dollar tether

>> No.29830979

>>29830783
And people trust this concept?

>> No.29831001

>>29830783
but since the price is always one dollar and they must keep a dollar for every stable coin they sell how do they pay their employees?

>> No.29831142

>>29831001
with rupee sir

>> No.29831185

>>29830611
You guys know this is tethered to a dying currency right?

>> No.29831203
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29831203

>>29830611
G-g-g-guys, where does all the money come from... ?

>> No.29831227

>backed up by btc holdings
>btc drops 25%
???

>> No.29831257

>>29830979
Yep. This isn't 2010, no one gives a shit about centralization or transparency any more. Crypto is about ez money.
>>29831001
USDT is mainly backed by BTC, not $USD. They print USDT to buy BTC which they then use to back that very same USDT.
>>29831185
BTC may be dying right now, but it always comes back.

>> No.29831417
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29831417

>>29831257
>takes $47,000 "backed by the full faith and credit of the US" monopolybux to buy a single autismo-string-of-numbers coin
>it's the autismo-string-of-numbers coin that is dying

>> No.29831519

>>29830611

Burgers literally just printed 2 trillions dollars

>> No.29831547

>>29831417
>inflation is up +1,000,000% in the last 10 years
based schizo retard