4 ms·

This one explains the Tether scam quite nice: https://youtu.be/-whuXHSL1Pg https://youtu.be/-whuXHSL1Pg Edit: summary: 8 people founding the tether company, 7

• user-the-name 5y ago
  Tether's business at this point is basically manufacturing red flags. It is incredible the mental gymnastics people in the cryptocurrency business go through to defend this group of crooks.
  • WalterSear 5y ago
    "It is difficult to get a man to understand something when the market liquidity his salary is traded and valuated against depends upon his not understanding it."
  • TimJRobinson 5y ago
    I've been in crypto for a while and never met anyone who likes Tether, it seems to be novices that use it that don't know any better. I don't know why anyone would use it over a decentralized stablecoin like DAI.
    • WalterSear 5y ago
      The entire crypto market is poisoned by this. There is no hiding from it in another currency if the market loses 70% of it's liquidity. "All this is extremely dangerous to everyone, the entire crypto community BTC could go to 1k if we don't act fast" • CFO of Bitfinex & Tether, previously during a Tether crisis.
    • user-the-name 5y ago
      You know something like 90% of all trades happen in Tether, right?