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Yes tether is an obvious lie, and it’s now just a question of when, not if, they collapse.
by grey-area 4y ago
Yes tether is an obvious lie, and it’s now just a question of when, not if, they collapse.
- jfghi 4y agoAlso curious if it happens instantaneously or somehow drags on.
- wmf 4y agoIf Tether is 87% backed they'll be fine; they can find some way to hide that shortfall. (To be clear this is illegal and I want Tether to die but we need to acknowledge the realpolitik of the crypto market.)
- grey-area 4y ago1. They are not backed at all, esp when coin prices collapse 2. Even if partially backed loss of confidence will be catastrophic.
- MuffinFlavored 4y agowhat would have to trigger the catalyst for their collapse and why hasn’t it happened yet? are they growing stronger or weaker every day?