> It's just not bad for the reasons that people think it's bad. Yes, it is. You’ve glossed over some very important issues and dismissed them. If I told you I

> It's just not bad for the reasons that people think it's bad. Yes, it is. You’ve glossed over some very important issues and dismissed them. If I told you I grew wings and could fly, you don’t need evidence that it’s not true. There is enough information about other rules of the universe to suggest that probability of this is zero. The same is true for Tether. An insignificant offshore bank has not suddenly become the beneficial owner of 3% of one of the most important markets in the largest financial sector in the world. And they certainly haven’t accumulated 1% in a matter of weeks as they would purport. This would cause monumental moves in systemically important markets (the GFC catalyst was commercial paper markets locking up…)