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But... does it ultimately matter? All the other sh*tcoins are backed against nothing and have huge market caps as well.


It’s different because Tether claims to hold 1 USD for each Tether. A claim that should be verifiable.

The value of sh*tcoins is just a function of their future resale value.


They claim to hold assets with values equivalent to 1 USD / Tether. Different than holding the USD directly.

They provide a more detailed breakdown here: https://tether.to/wp-content/uploads/2021/08/tether_assuranc...

About half in commercial paper and CODs. A quarter in t-bills. 2B in unspecified "digital tokens".


Yes, now that they've been caught claiming to hold 1 USD per Tether without doing so, they claim it's only stuff worth (in their estimation!) 1 USD per Tether. And still refuse to provide any evidence that they are doing so.

Please stop defending them.


I generally agree, not sure why anyone would choose to use Tether when their are alternatives like USDC. However I still think it is important to properly represent Tether's current claims.


Drug/arms/human trafficking operations can have easier time cashing hundreds of millions via shady Tether than US-based audited and KYCed USDC.


Of course it does. Fraud is a crime for a reason.


It’s almost certain now that Tether doesn’t have fiat currency to back up its claimed value. But it’s a convenient fiction for everyone to keep believing as long as you’re not the one holding the Tethers when everyone suddenly decides to stop believing.


Given that 70% of all crypto transactions involve Tethers, the market cap of everything in crypto is more realistically denominated in Tethers than dollars.


Yes because if they're saying they have tons of USD-equivalent and buying other coins with it then they've been artificially inflating the other coins with bogus funds


Windows is not a major OS anymore apparently


it runs on Windows too... Literally the second bullet point on the page is about Windows releases, would be kind of odd to list that if they didn't have Windows releases.


The amount of snowpiercing they had to go through is incredible.


Awesome.


This! Although one could argue for inflationary effects, Google keeps prices stable and that is their main concern here


I disagree. The surplus stays in the war chest (not last for times like these when new tax evasion structures have to be set up and lobbied for). The taxes lost on Googles EBIT in the EU per year equals to 2-3 Million working citizens not paying a single Euro in income taxes.


With all its great tax policies EU posted 1.8% GDP growth rate in 2018.

It's definitely working gangbusters, so lets double down on everything. There is a lot of room below zero.


Webflow was definitely a gamechanger in terms of All-in-one CMS. It lacks a thousand features, but the core value of the product is just too good: Creating new pages in a few minutes (with reusing lots of components), hand it over to the content team, you're done...


What a time we live in...


No. No one is coming for him. And we all know it.


I type in my phone number in and THEN select the country..my number gets deleted... I hate you now


I just noticed the same bug. It’d be a little more tolerable if it auto detected that e.g. +1 meant US or suggested based on the browser locale rather than requiring you to scroll a huge list but deleting input is almost always a mistake.


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