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>>It's an italian serial conman in a dark room somewhere, pressing "print" on software that generates ostensibly a dollar-equivalent crypto currency out of thin
by ETH_start 4y ago
>>It's an italian serial conman in a dark room somewhere, pressing "print" on software that generates ostensibly a dollar-equivalent crypto currency out of thin air,
There is zero evidence for the Tether conspiracy theories.. But I gotta give you marks for creative writing.
- WalterSear 4y agoThere's mountains of evidence. They haven't been theories for a long time.
- jcranmer 4y ago> There is zero evidence for the Tether conspiracy theories. Tether has literally admitted to lying, which means at least one of the conspiracy theories is true by the admission of the major player. There is plenty of evidence that they are still lying, but the biggest evidence is that (unlike the rest of the financial system!) they claim to have $10s of billions of financial assets and refuse to identify which assets those are.
- ETH_start 4y agoThe conspiracy theory is an extreme exaggeration on what has been admitted, which I believe is - at one point - reserves of 77 percent of liabilities, and even that admission I'm not certain about given how much any news about Tether is misconstrued by the regulatory crowd.
- m4jor 4y agoYet Tether cannot prove its holdings in a transparent and easy manner. USDC can. BUSD can. oh but not USDT hrm.