I haven't figured out exactly how it's used or who's buying it.
Is the concern that it could allow the US to do one last rugpull of the whole world of individual citizens buying US treasuries by defaulting?
Tether would keep its Bitcoin and the Tether owners would be left with nothing?
If this is the case, it is a risk taken by individuals that they trust the US more than Bitcoin.
They are allowed to make that risk assessment even through it is against their best interests IMO.
We just have to keep the US honest and paying its debts.
It's a huge market of people who make that assessment (against bitcoiners). In my Grinch-heart, I say they are betting against me, and I will take their future applications to work in Mi Empresa.
Goji berra / Gar bear
npub1g4…ltqvs
2025-01-18 21:32:17
in reply to nevent1q…4xyu
Author Public Key
npub1g49uyac6d83sss7sln8aumsstle7m3wxwwvc8mmpqsnr8e9f2cdq6ltqvsSeen on
wss://relay.primal.netPublished at
2025-01-18 21:32:17Event JSON
{
"id": "cd7d714f28e6bd3e457d9b27bb59e3ff11555ec0b711731b7d60301a3d4dda07",
"pubkey": "454bc2771a69e30843d0fccfde6e105ff3edc5c6739983ef61042633e4a9561a",
"created_at": 1737235937,
"kind": 1,
"tags": [
[
"e",
"97710de0caa675b7562ddd017d90d501f027c3c86e463536c1aaa7a7ea3dafe1",
"",
"root"
],
[
"e",
"230b0da2886173e21e4bebe83516b1422ec2f96561e6cadd97912916ef7d7872"
],
[
"e",
"48170623d5693f7104869a3b8a6d327950d69b3b5b4d7d76edc57eb8a546b4ec",
"",
"reply"
],
[
"p",
"4bc7982c4ee4078b2ada5340ae673f18d3b6a664b1f97e8d6799e6074cb5c39d"
],
[
"p",
"4c800257a588a82849d049817c2bdaad984b25a45ad9f6dad66e47d3b47e3b2f"
],
[
"p",
"454bc2771a69e30843d0fccfde6e105ff3edc5c6739983ef61042633e4a9561a"
],
[
"p",
"55f573b651eff351db57b0601d23022d8c532f9825db10a5733ebf39be4aa21b"
]
],
"content": "I haven't figured out exactly how it's used or who's buying it. \n\nIs the concern that it could allow the US to do one last rugpull of the whole world of individual citizens buying US treasuries by defaulting? \n\nTether would keep its Bitcoin and the Tether owners would be left with nothing?\n\nIf this is the case, it is a risk taken by individuals that they trust the US more than Bitcoin. \n\nThey are allowed to make that risk assessment even through it is against their best interests IMO. \n\nWe just have to keep the US honest and paying its debts.\n\nIt's a huge market of people who make that assessment (against bitcoiners). In my Grinch-heart, I say they are betting against me, and I will take their future applications to work in Mi Empresa. ",
"sig": "b48a09f85b587e34962a6b1960f4f7289c7ee3f6f902cbd541b9571b76b3f15caf19cad0d6c9ab3443ba53334acbf4c8930bcb9e3fbfffd5629ff16311c086aa"
}