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I do find it odd that Bitcoiners who tend to be incredibly, incredibly outspoken about Ending the Fed, and QE money printing, call any criticism of Tether as FU
by suikadayo 6y ago
I do find it odd that Bitcoiners who tend to be incredibly, incredibly outspoken about Ending the Fed, and QE money printing, call any criticism of Tether as FUD in a cult manner, or shrug it off as non-issue. It was/is effectively a fractional reserve, where they admitted in court in the past that Tether wasn't completely backed by cash. It does seem a little convenient that they aren't ideologically consistent, and against Tether because it just so happens to help prop up the price of Bitcoin.