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USD Tether – The Largest Ticking Time Bomb in Modern Financial History
- watersb 5y agoMedium-Well Paywalled? I can only see the hero image and first paragraph.
- King-Aaron 5y agohttps://pastebin.com/HZqbnWep https://pastebin.com/HZqbnWep
- i67vw3 5y agohttps://scribe.rip/geekculture/usd-tether-the-largest-ticking-time-bomb-in-modern-financial-history-fabdac79238a https://scribe.rip/geekculture/usd-tether-the-largest-tickin... You can erase medium(dot)com with scribe(dot)rip. It is a privacy-friendly frontend/proxy which disregards paywall.
- arbitrary_name 5y agoNot very well written. Confusingly structured, and doesn't actually make its core points. The first paragraph says 'to understand what makes tether tick' and then kind of fails to actually explain that. In the fifth paragraph, it tries to attack the fact that tether might be undercapitalized but then only references a source that indicates that tether is fully capitalized? Without, i dunno, referring to any actual sources that demonstrate it is undercapitalized, or illustrating why it is thought to be undercapitalized. Later the paragraph confusingly starts with 'another impact of a tether collapse' without having pointed to the first impact? The whole thing is written by someone who wouldn't have passed a high school English class, which is a shame as it's a topic that is really interesting and worth exploring.
- tata71 5y agoUSDC flipped USDT, not a problem for long. Even the Winklevii won't keep this piece of trash for much longer.
- joelbondurant1 5y ago