I find it difficult to defend Tether. I leave the investigation to regulators. But assume Tether team has good intention and try to do the right thing, it is ea

I find it difficult to defend Tether. I leave the investigation to regulators. But assume Tether team has good intention and try to do the right thing, it is easy to make mistake. Tether software may have had a bug that inflates Tether coin over reserve. This is a problem with permissioned money system. It is difficult to audit and verify transactions. I think Libra is an improvement. They use open source software. But it is still a permissioned money system. There's room for error. Who would be responsible for the damage? I think every participants need to share the responsibility. I've advocated for a new category: decentralized and digital native crypto with constant inflation. Permissionless is a key feature. It provides many advantages over permissioned. https://bitflate.org/post/2019/11/05/tether-problem-highlight-the-need-for-inflating-cryptocurrency.html https://bitflate.org/post/2019/11/05/tether-problem-highligh...