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> Check out comments in this discussion by bpodgursky Here's one from bpodgursky: >My stance has always been "Tether is a scam, Not sure how that's "defendin
by ur-whale 5y ago
> Check out comments in this discussion by bpodgursky
Here's one from bpodgursky:
>My stance has always been "Tether is a scam,
Not sure how that's "defending" Tether.
- loeg 5y agoThe full context, which you have chosen to elide, is clearly defensive of Tether[1]: > Tether is a scam, but no worse than the US dollar and normal banking fractional reserves... and even if it collapses, who cares, [1]: https://news.ycombinator.com/item?id=28880411 https://news.ycombinator.com/item?id=28880411
- ur-whale 5y agoIt's not, he's simply pointing out that there's even bigger scam out there. That's not the same thing as defending Tether.
- graeme 5y agoIt is defending Tether, because he is wrong. Some things are worse than other things. Fraud is worse than the Fed. No one sensible would claim the Fed is as bad as, say, Bernie Madoff. Formally, his tactic is known as “whataboutism”
- ur-whale 5y ago> No one sensible would claim the Fed is as bad as, say, Bernie Madoff. Give it a couple of decades.
- loeg 5y agoMaking comparisons to a perceived bigger problem is a defensive statement. The implication in this kind of comparison is that because Y is worse than X, that somehow ameliorates the harm of X. This is reinforced by the "who cares" remark.