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I don't see the problem. Tether has an identical model to all banks - become too big to fail and someone will save you when your corrupt practices are discovere
by nelsonenzo 6y ago
I don't see the problem. Tether has an identical model to all banks - become too big to fail and someone will save you when your corrupt practices are discovered.
Penalty? Some CEO will need to have an ankle bracelet on his 50 acre grounds with a dozen servants for 6-20 months. Boo hoo. I would volunteer if I could.
- davidgerard 6y agoI can't see Tether being bailed out. Crypto is trivial compared to real finance and - for all crypto's hype on the subject - real finance still doesn't actually take it seriously. If crypto collapsed tomorrow, finance would go "lol" in passing and its obituary would be a few paragraphs from Matt Levine.