6 ms·

patio11 has written some amusing opinions about tether: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ https://www.kalzumeus.com/2019/10/28/tether-a

• capableweb 6y ago
  I've read a lot of patio11's writings and agree with much of it, and I'm not saying he's wrong here about Bitcoin, Bitfinex and Tether, I mostly agree with it. But, it's worth knowing about possible biases everyone can posses. In this case, patio11 works for Stripe which is in a very strong position in the traditional currencies world ,which used to have Bitcoin support but ended it in 2018. So there might be some bias against Bitcoin there, but maybe not. Again, not saying they are wrong in the article linked, just to keep possible biases in mind when reading it. Same goes for reading pro-Bitcoin articles where the authors might be holding Bitcoin themselves. Useful to keep in mind. Edit: Just to showcase what I mean, the linked article basically starts off with "The dominant use case for cryptocurrency is speculation" which shows that there is indeed plenty of biases scattered around the article. Not to say it's all false, but there is biases present.
  • ohazi 6y ago
    Yeah, I agree. I don't have any horses in this race (anymore), and I don't really have a strong opinion on whether I think he's likely right or wrong... I just find his writing on the topic amusing.