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The effect of Tether was to massively inflate the price of crypto so as to suck in more dollars(even if they despise fiat currency). It's an unbelievable fraud
by Silverback_VII 4y ago
The effect of Tether was to massively inflate the price of crypto so as to suck in more dollars(even if they despise fiat currency). It's an unbelievable fraud and I'm somewhat surprised that it is tolerated considering how strict laws in other areas are(gambling for example)
You say that many people are unaware but I would say that many are perfectly fine with the imaginary riches these schemes provide.
- throw_m239339 4y agoThe NY AG was unable to shut them down but they are banned from doing any business with US customers, directly at least. If Tether are committing massive fraud, and it may be true, it will eventually collapse. Truth is, I don't know how, but they've been incredibly resilient so far.