[ceejayoz]

Headline doesn't match the site, and the article reads largely like Bitfinex PR.

The idea that large, savvy investors with millions to spend are going to put their money into a currency that's already had nearly a billion dollars seized and under investigation by the NY AG is simply not credible to me.

[headsoup]

Indeed, the article is most certainly pro Tether/Bitfinex and handwaves the accusation of doubt from Bitfinex'ed (with the old "yeah but other people do it on other platforms (that are a little different...) so it's all legit!"

The best line is "Harborne said it was more a matter of bull-run optimism than cynical market manipulation"...except the transactions come first...

[benmunster1]

Hardly Bitfinex PR — the guy calls in rabid conspiracy theorist Bitfinex'ed to counter the guy's claims...

[abeaulne]

> ...except the transactions come first...

one need to buy a ticket _before_ boarding the train

here the ticket is Tether, and the train are exchanges (mostly Bitfinex)

[headsoup]

Except the circular argument that their ticket is bought because of optimism, that is created by them buying the ticket... hence the chicken-egg statement in the article.

[whamlastxmas]

If having a currency seized in legal proceedings makes illegitimate to you then you better switch to seashells.

Also if you get most of your BTC seized you're doing it wrong.

[ceejayoz]

1. Tether had their actual bank account contents seized. Cash - nothing to do with BTC holdings.

2. There's a big difference between "money gets seized sometimes" and "this shady bank that promises audits but never completes them had half its assets frozen".