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And Theranos claimed to have working machines... Risk is risk - in stock, crypto, or life in general.

• arcticbull 5y ago
  That's a false equivalence. Literally every share of a business is supposed to be backed by a business. Zero coins entitle the bearer to any right or interest whatsoever. Even those stable coins don't give you any claim on the backing instruments. Certainly not in Tether town. Says so right in their T&Cs.
  • mech422 5y ago
    The key word there is 'supposed'... Theranos, B. Madoff, and others seemed to feel that was just a suggestion :-P Also, businesses are not required to buy their stock back from you, so they are not 'backed' any more then crypto is. If a company goes broke, and you hold common stock - you get nothing edit:s/there/their/
    • davidgerard 5y ago
      In this thread, you're comparing crypto to Madoff and Theranos, and you think this is an argument in its favour.