3 ms·
Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.
by kranke155 3y ago
Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.
- Jerrrry 3y agoIt may be insolvent, and that may mean "scam" to you, but those words are different. Even if they claim full backing and don't, they have lied. Whether that is substantially and materially a sole qualifier in determining them a fraud and scam, is for the legal system, not an assortment of most vocal persons, to decide.
- kranke155 3y agoAn insolvent pseudo stablecoin that swears to be solvent (pinky finger) is the very definition of a scam.
- redcobra762 3y agoYou beg the question by claiming it’s insolvent and calling it a “pseudo stablecoin”. So no, it’s not the “very definition” of a scam.