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> I worked at Circle. If you think that Jeremy Allaire is going to go to federal prison, you are out of your mind. You're making massive leap in logic. I compl

> I worked at Circle. If you think that Jeremy Allaire is going to go to federal prison, you are out of your mind. You're making massive leap in logic. I completely agree with you. Regulators have been absurdly slow to react, and I think that both Circle and Tether will probably end up just fine, at least legally. There may be a cataclysmic breaking of the peg but ultimately it will be retail that gets slaughtered. Tether's own terms from day 1 have basically told you that all you're getting from them is something that hopefully someone else will value for close to $1. I think these guys are pretty iron clad. Doesn't change the fact that Tether has almost certainly played a key role in manipulating crypto higher, on the mild end by providing leverage through crypto collateralized loans, and at the serious end by outright fraudulently printing Tether.

seibelj 5y ago
How it is a massive leap when you are insinuating that the attestation means Circle is doing something shady? You are trying to have it both ways. Circle is not a sketchy Eastern European or Caribbean operation. They have a big office in Boston across the street from the Federal Bank of Boston and employ highly paid people who wouldn’t jeopardize their careers. The FUD is just ludicrous.
- qeternity 5y ago
  > How it is a massive leap when you are insinuating that the attestation means Circle is doing something shady? Because being shady isn't illegal? You're the one suggesting this might amount to something felonious, which is perhaps telling. > They have a big office in Boston across the street from the Federal Bank of Boston and employ highly paid people who wouldn’t jeopardize their careers. This is a terrible argument. I have worked with people who were highly paid people working for well connected shops in fancy offices (Enron, Lehman, etc). > The FUD is just ludicrous. What FUD? Point to a single thing I've said that isn't purely factual.

seibelj 5y ago

How it is a massive leap when you are insinuating that the attestation means Circle is doing something shady? You are trying to have it both ways. Circle is not a sketchy Eastern European or Caribbean operation. They have a big office in Boston across the street from the Federal Bank of Boston and employ highly paid people who wouldn’t jeopardize their careers. The FUD is just ludicrous.

qeternity 5y ago
> How it is a massive leap when you are insinuating that the attestation means Circle is doing something shady? Because being shady isn't illegal? You're the one suggesting this might amount to something felonious, which is perhaps telling. > They have a big office in Boston across the street from the Federal Bank of Boston and employ highly paid people who wouldn’t jeopardize their careers. This is a terrible argument. I have worked with people who were highly paid people working for well connected shops in fancy offices (Enron, Lehman, etc). > The FUD is just ludicrous. What FUD? Point to a single thing I've said that isn't purely factual.