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The fact that they so widely advertised themselves as being back 1:1 with USD and then admitted they were lying ruins all their credibility in my eyes. In addi
by simmerup 4y ago
The fact that they so widely advertised themselves as being back 1:1 with USD and then admitted they were lying ruins all their credibility in my eyes.
In addition, I’m surprised so many people defend them by effectively saying ‘this time they’re not lying’ — with no evidence. All I can see it as is wishful thinking than sound judgement.
- headsoup 4y agoThey defend them because they have a vested interest in the whole pyramid not collapsing.
- aaaaaaaaata 4y agoOn the contrary, many of us (as technologists) have a vested interest in shaking out these gambler-creating factions so the rest of the tech may flourish. Been waiting for Tether to take a K.O. punch for some time, as a cryptocurrency maximalist (eventualist?).