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I’m convinced that in its early years, Tether operated as a scam, skimming deposits and creating coins out of thin air. But once they realized they had accident
by tristanj 1y ago
I’m convinced that in its early years, Tether operated as a scam, skimming deposits and creating coins out of thin air. But once they realized they had accidentally created a money-printing machine, they attempted to become legit and quietly buried the evidence of their past.
- bb88 1y agoTether is still banned in NY, AFAICT (Maybe I'm wrong here). > But once they realized they had accidentally created a money-printing machine So that's a joke right? They on-purposely created a money-printing machine. But my god, the fraud was so profitable they needed a way to make it legit because no one wants to live in Panama.
- daft_pink 1y agoAre we sure they actually have the reserves?
- wslh 1y agoI think at this point yes, if you follow their news it seems they see now as a big financial group that goes beyond crypto.