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> everyone in the space knows that Tether is a scam People seem to say this every time one of these big crypto companies fails, yet it’s just plainly false. To
by gizmo385 4y ago
> everyone in the space knows that Tether is a scam
People seem to say this every time one of these big crypto companies fails, yet it’s just plainly false. Tons of people put money into these companies and are left holding the bag when things inevitably collapse. At what point do we run out of rugs to pull and just agree the whole thing was a mistake?
- yieldcrv 4y agobecause the best practices from 2011 are still the best practices in 2022 and nobody looses the assets held according to those best practices and everyone that doesn't follow them can be ignored thats why people keep saying it it just isnt different enough to say that frequently occurring new problems that were introduced by the concept discredit the entire concept. ATMs never solved skimming, lets write an article about user or bank losses every day about that and pretend it doesn't work well most of the time for most people just because you dont see articles about that and never use it yourself, silly idea right? It still works fine. Analogies compare dissimilar things with at least one similarity, in this case its an introduced problem that isnt solved but didnt change the course of its existence. Same for debit/credit card payment processing over the internet, lots of fraud, whether the user experience of reversal occurs or not, the problem isnt solved and the course isnt changed.
- harambae 4y ago> ATMs never solved skimming They actually did with the emv chipped cards and mutual authentication, not that this was your overall point but still.