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RE: Vitalik Takes Algorithm From 1982 Solves 51% Attack Problem

in #cryptocurrency6 years ago

I still find it incredible that there is so much controversy regarding the concept of Tether. While I agree that not having audited reports demonstrating the fiat reserves of the tokens in circulation, I think that if they did not exist it would have imploded by now given the hige decreases in prices we have seen in the crypto market as many would have sold into Tether before exiting the market completely. The concept is simple; when demand increases more tokens are needed to maintain the price at $1 while the reverse is true as well. The total market cap being over $200 billion and with the daily volumes being what they are, I don’t see it unreasonable for Tether to have about a 2% market share; probably seems low given the sentiment and people on the sidelines. However, if still skeptical, just don’t hold any as other alternatives already exist while not as liquid or broadly available on exchanges.

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