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> And don't even get me started on Tether ( who conveniently printed another billion after the liquidations were done: https://twitter.com/whale_alert/status/14
by PragmaticPulp 5y ago
> And don't even get me started on Tether ( who conveniently printed another billion after the liquidations were done: https://twitter.com/whale_alert/status/1467155858228494353 https://twitter.com/whale_alert/status/1467155858228494353 )
Tether is one of the most maddening scams out there.
Who really believes that Tether had a cool billion dollars conveniently transferred into their banks so they could mint a huge chunk of synthetic dollars to inject into the cryptocurrency world? That's a suspiciously round number for such a large transaction.
Yet people who are heavily invested in crypto will find any excuse to ignore the absurdity of this whole operation, mostly because admitting the Tether problem would be admitting that the value of cryptocurrency everywhere is artificially inflated.
- SavantIdiot 5y agoLast I heard tether only had about 2% of total tethers backed by dollars. Yikes.