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by 0xCMP 3128 days ago
I'm not clear on the the details, but if you wanted to look in to it a lot stems from their "Tether" crypto currency which is supposedly backed by real US Dollars, but many suspect that they created new unbacked "tethers" to buy and bid-up BTC.

In a sense people are worried that they're literally making up money on the promise they have US Dollars so they can buy up BTC and sell it to maybe regain the missing USD? Unclear.

Need to remember that this is the same place, I believe, that was "hacked" and they spread the losses across all their customers if their costs were actually lost or not. Details have been hard to come by which is where the suspicion seems to have really started.

1 comments

While bitcoin stores value in fiat, eventually that may not be the case and bitcoin will just be worth bitcoin. I know that day is likely very far off but if enough economies collapse, price stabilized and people adopt bitcoin as a currency, we may stop caring what a bitcoin is worth in USD, Yen, AUD, what have you.