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The argument against this view of Tether often seems to come down to: "If something this big was a scam, surely it would have been exposed a long time ago." Th
by pavlov 6y ago
The argument against this view of Tether often seems to come down to: "If something this big was a scam, surely it would have been exposed a long time ago."
That's exactly what was said about Enron and the Madoff fund, though. If anything, Tether is flashing much bigger warning signs.
Bitcoin proponents make a big deal when some giant fund invests an experimental $100M in crypto tokens (a small fraction of a percent for the fund), but they don't seem to care about $20B of fake money from Tether (a large percentage of the total money supposedly in Bitcoin).
- Bombthecat 6y agoYeah, i feel like that crypto replaced the fed with ether. Ether gets printed and buy bitcoin when the price falls. Hmmm
- moosterv 6y agoI think you mean tether
- Bombthecat 6y agoAh, yeah right, tether :)
- deleted 6y ago[deleted]
- xur17 6y ago> Bitcoin proponents make a big deal when some giant fund invests an experimental $100M in crypto tokens (a small fraction of a percent for the fund), but they don't seem to care about $20B of fake money from Tether (a large percentage of the total money supposedly in Bitcoin). I'm not sure this is true. I get the impression that Bitcoin / crypto proponents see it as a problem (it's regularly discussed amongst them), but really aren't sure what they can do about it. A lot of people avoid holding it and say it's risky / a problem waiting to happen, but beyond that, I fail to see what they can do.