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A YouTuber called Coffeezilla had an entertaining video yesterday that I think is one of the most comprehensive (and entertaining) takes on this. It's pretty da
by paulgb 5y ago
A YouTuber called Coffeezilla had an entertaining video yesterday that I think is one of the most comprehensive (and entertaining) takes on this. It's pretty damning when you look at all the evidence together.
https://www.youtube.com/watch?v=-whuXHSL1Pg https://www.youtube.com/watch?v=-whuXHSL1Pg
Even in the off-chance that people with a track record of lying about being backed have suddenly gone legitimate, it's a pretty big indictment of the system that it could grow to the size it did while looking incredibly like a scam.
- billytetrud 5y agoVery interesting video. Seems pretty clear that Tether is a scam, as people have been saying for years at this point. However, I would be surprised if Tether's downfall really has much of a significant effect on bitcoin or other cryptocurrencies. I mean, maybe for a week or two, but not for any significant length of time.
- overtonwhy 5y agoIsn't tether the #1 way for US customers to gain access to the shitcoins that are too illegitimate to be traded on US accessible exchanges? They convert Bitcoin to tether that can then be deposited at unlicensed exchanges that don't do KYC/AML?
- billytetrud 5y agoI suppose I don't care enough about shady altcoins to care about tether. I agree that tether's downfall would be a struggle for all those altoins. Bitcoin or Ethereum on the other hand will hardly notice.
- overtonwhy 5y agoA ton of shitcoins rely on ETH and a lot of the value of ETH is derived from shitcoins.
- mdoms 5y agoThat was the most annoying video I have ever seen. I couldn't make it past about 4 minutes because the dude simply cannot get to the point.