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But there's a wider economic ecosystem at risk. By not sharing and proving that Tether is in fact really tethered, they're leading people to the conclusion tha
by mancerayder 9y ago
But there's a wider economic ecosystem at risk. By not sharing and proving that Tether is in fact really tethered, they're leading people to the conclusion that there's 800M US artificially pumped, artificially PRICED into some currencies.
That has the effect of adding 800M of fakeness, which may not be a big deal given the market caps of these cryptos, but perhaps more importantly it has the effect of weakening faith in the crypto project.