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In that case, I'm confused by your question: "where's the USD to buy the Tether coming from?" You seem to have changed what you're suspicious about.
by umanwizard 9y ago
In that case, I'm confused by your question: "where's the USD to buy the Tether coming from?"
You seem to have changed what you're suspicious about.
- ceejayoz 9y agoFor clarity, there's a variety of very suspicious things about Tether. While they're clearly receiving some USD, they're printing $100M in Tether every couple days now. If I claim to have $50k, you'll probably assume it comes from my job. If I claim to have $2B, as Tether does, you'll probably want some proof. Tether's promised regular audits, but they've released none and their supposed auditor has now scrubbed any mention of them off their site.
- makomk 9y agoThere's been a fair amount of conspiracy-theory-like thinking around Tether in general, with people making a morass of self-contradictory claims about it and shifting their positions every time someone points out one of the claims doesn't stand up.
- umanwizard 9y agoTo be fair, tether really is quite shady. I think the real truth is probably somewhere in between.