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Stock in Enron was also "worth money" until it wasn't.
by gogopuppygogo 5y ago
Stock in Enron was also "worth money" until it wasn't.
- thebean11 5y agoAnd stock in Amazon wasn't worth money until it was! Not defending Tether but just naming something unrelated and not even trying to argue similarity is pretty low effort and not compelling.
- gogopuppygogo 5y agoAmazon lost money transparently as part of their bid to grow. Tether (like Enron) is concealing the true nature of their losses. There are also parallels found in other frauds like Bernie Madoffs Ponzi Scheme to the tether fraud.
- charwalker 5y agoAnd both those companies had real word assets to base their valuation on, not just hype and power hungry GPU farms.