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How have you done a deep dive on Tether and not seen it as deeply troubling?
by forwardslash 5y ago
How have you done a deep dive on Tether and not seen it as deeply troubling?
- meowkit 5y agoDid I say I did not find it deeply troubling?
- forwardslash 5y agoYou said > Nothing about blockchains, DLTs, crypto, at its core is a scam to me Which I took as an implication that you didn’t see Tether as a deeply troubling or a scam
- meowkit 5y agoTether is an application, not a core technology. Stablecoins would fit that quote. Tethers management is the problem - obfuscation and using other crypto as collateral instead of just USD.
- deleted 5y ago[deleted]
- amingilani 5y agoPlease don't cherry pick the worst example and apply it for the whole population. Tether is one stablecoin, and arguably the worst example since it is literally the one coin every coiner will agree with you is a bad stablecoin. Do a deep dive on MakerDAO's DAI instead.
- eli 5y agoWhen tether implodes a lot is going down with it.