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Ironically, I think the greatest black swan in crypto over the last couple of years is Tether not collapsing. I can't remember a financial entity that has been
by ak_111 4y ago
Ironically, I think the greatest black swan in crypto over the last couple of years is Tether not collapsing. I can't remember a financial entity that has been exposed to such fraudulent behaviour (including very detailed exposes by mainstream media: bloomberg and FT) and yet managed to seemingly thrive and grow in importance in crypto land.
I am very curios to how it managed to go on for so long and remain so dominant, given as someone noted on twitter it is "quilted out of red flags". If I wasn't such a hater I would definitely be making an argument to how it is the true antifragile coin, not bitcoin.
- capableweb 4y agoTether is like BP, catastrophe after catastrophe but still the machine keeps on chugging. People making money can make these things go on forever it seems.