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RE: Is Tether a real safety net for the crytocurrency world?
Tether was sketchy from the start. One alternative might be gold backed cryptos, like Xaurum or the soon to be project of the Perth Mint.
Tether was sketchy from the start. One alternative might be gold backed cryptos, like Xaurum or the soon to be project of the Perth Mint.
I don't think that the problem in this case is what do you use to back its value. For example, the venezuelan government will issue an oil backed crypto. I think that it's a matter of trust in who is behind it
Yes that is absolutely true. Gold is just one example of a trusted commodity. There can be many others.