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Must all criticism of Tether be FUD? Their past behavior alone makes me skeptical that it'll ever be trustworthy no matter how rich the gold mine they may have
by paulryanrogers 4y ago
Must all criticism of Tether be FUD? Their past behavior alone makes me skeptical that it'll ever be trustworthy no matter how rich the gold mine they may have fallen into.
- lawn 4y agoThe thing is that any and all criticism can be dismissed with "FUD", and that the person can continue to live in their own bubble and avoid the bother of cognitive dissonance. It feels very similar to the thought stopping techniques that destructive cults use. Trump's word for this is "fake news".
- WinstonSmith84 4y agoNope, there is a lot of legitimate concerns but the fact is that they are still here. Taking a trade is about taking a bet with a probability to win/lose, and it's just that betting against Tether is worth at most a meagre 2x with a lot of related risks as outlined in the article, whereas there are much faster and safer way to do a 2x in crypto. After all, big money tried: spreading cheap FUD at the worst moment (FTX), betting heavy against... It didn't work out for them, but they tried and relative to their size, it didn't even cost them that much, I'm sure and it was worth the shot (as despicable as it looks).
- paulryanrogers 4y agoSo evidence that this article is FUD is that Tether is not yet bankrupt? Couldn't the same have been said of FTX right up until the moment its insolvency became public knowledge? I'm curious what you consider safer ways to double ones money in crypto.