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By "your comment", I'm not referring to the excerpt you quoted from the report. I'm talking about your comment as a whole, which includes the quote about only 2
by ETH_start 4y ago
By "your comment", I'm not referring to the excerpt you quoted from the report. I'm talking about your comment as a whole, which includes the quote about only 27.6% of reserves being fiat, but doesn't include the portion that indicates the shortfall was covered by other assets.
And like I said from the beginning:
>>It's entirely fair to say there is no basis for trusting the company behind Tether, and by extension Tether. It's unfounded FUD to definitively claim that it's a scam.
I will concede that some of the evidence you provided shows a company behaving suspiciously, and at times dishonestly, but this impression one gets from the Tether critics, that USDT is a total scam backed by nothing looks like baseless FUD at the moment, no matter how valid your claims that the company behind Tether shouldn't be trusted.
- arcticbull 4y agoI concede that they have something in their reserves and that some people, at Tether, Inc. discretion, will be able to create and redeem Tether. I can't say without an actual honest-to-goodness audit that they are backed fully. But hey if they come up with one I'll be the first to eat my hat.
- ETH_start 4y ago>>I can't say without an actual honest-to-goodness audit that they are backed fully. That's a fair assessment.