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Part of it is self-perpetuating. When you see Bitfinex'ed yell about the impending collapse of Tether for half a decade, and it still hasn't collapsed, the doom
by tgsovlerkhgsel 4y ago
Part of it is self-perpetuating. When you see Bitfinex'ed yell about the impending collapse of Tether for half a decade, and it still hasn't collapsed, the doom-sayers become less and less credible.
- paulgb 4y agoThe crazy thing is, tether skeptics have repeatedly been proven right on the facts. The initially-denied bitfinex/tether relationship was revealed in the paradise papers. The fact that it was not 1:1 cash backed was confirmed by the NYAG investigation. The thing that they didn’t anticipate is that the market wouldn’t care.
- kevin_thibedeau 4y agoZero interest rates make the rich desperate. As long as they get out before the music stops there's money to be made.
- MomoXenosaga 4y agoThe reason why it isn't collapsing is because of the long term crypto believers. This is a cult and those can last a very long time. The cultists will keep on tithing their pay checks.