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It’s pretty funny that people are so upset at Tether for practicing fractional reserve. What Tether is doing is literally what the entire banking industry did f
by tofukid 5y ago
It’s pretty funny that people are so upset at Tether for practicing fractional reserve. What Tether is doing is literally what the entire banking industry did for centuries.
The global financial system is just money created out of thin air, redeemable for nothing, yet every week HN has to upvote some screed about Tether being a scam.