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RE: Is Tether a real safety net for the crytocurrency world?
its sad to say but if we really want a refuge crypto then we need one backed by a government. picture a crypto us dollar where the new dollars can be mined by citizens and the old one can be traded in. they could also be burned when used to maintain stable value. it is inevitable for governments to get into crypto and once their fiat systems can be blockchained they will convert. i think that coupled with atomic swaps will be the future of crypto.
Agree. I don't think I would use it unless it becomes the everyday use currency, but the inclusion of those government backed coins will boost up trust in the system