Tether (USDT) Explained - Is Tether a Scam?
With thanks to Boxmining channel.
'If trade cryptocurrencies, you probably come across the most infamous stable coin : Tether (USDT). Tethers are pegged to the USD dollar and are used in many exchanges that don't deal with Fiat (Binance, Poloniex, Bittrex). On paper 1 USDT can redeem $1 USD from the Tether platform, but there has been a lot of accusations of a Scam. This video explains what Tether is and its limitations. '
I predicted two coins will fall in early 2018:
So far, BitConnect is done. Tether will follow suit in less than two months. Quote me on this.
OK, but if the proverbial sh!t hit the fan, would it actually stay pegged?
Imagine literally everyone trying to remove crypto out of exchanges into fiat, like a buffalo jump-- a mad herd. BitShares exchange offers same thing, but we have our reservations it would work.
Raiblocks might be a crypto which survives, due to it's similarity to cold hard cash, you can read in depth here...
https://steemit.com/cryptocurrency/@harpooninvestor/raiblocks-master-crypto-series-because-everyone-deserve-their-own-blockchain
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