RE: Two simple ways to protect your Net Value in case of a Bitcoin Crash by ldauch

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bitcoin · @ldauch · Jul 9 '17

I agree USDT is as good an option as any. I believe its owned by a Singapore bank as well?

👍 ldauch

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@ashaman · Jul 11 '17

Have you read Tether's [terms of service](https://tether.to/legal/)? To quote from them
>Tethers are not money and are not monetary instruments. They are also not stored value or currency.
There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.

👍 ldauch

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@ldauch · Jul 11 '17

$0.07

This is insane. Good find Ashaman. I'll have to go back and adjust my post on this.

👍 ashaman, ldauch

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@ashaman · Jul 11 '17

Agreed about the insanity. No one ever reads the ToS... We've all been very effectively conditioned not to.

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