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Tether's attestation reports are not worthy to be my toilet paper. BUSD on BSC has been demonstrated to not at all be backed by enough BUSD on Eth as managed b
by automatic6131 4y ago
Tether's attestation reports are not worthy to be my toilet paper.
BUSD on BSC has been demonstrated to not at all be backed by enough BUSD on Eth as managed by Paxos (which does seem to be backed)
- DalasNoin 4y agoWhile I don't like tether and am aware of some of its shady practices, people who bet against it have lost a lot of Bayes points at this moment in time.
- automatic6131 4y agoNot an argument - here are some of the boring, platidinous responses: The market can remain irrational longer than you can remain solvent; how long did Madoff's ponzi last again?; why would anyone bet against the casino owner in a casino of their making; something something counterparty risk. The Tether fraud has only really been rip roaring for about 4 years. We're still so early :^).