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And they did not in fact had dollars to back them up. They did not had them for a few years continuously. The lesson is, you never bet even on a surefire stake
by Yizahi 1y ago
And they did not in fact had dollars to back them up. They did not had them for a few years continuously. The lesson is, you never bet even on a surefire stake if there is market corruption involved. Or if mafia money involved. In case of Tether it was both.
It was a good lesson for me personally, to always check wider picture and consider unknown factors.