Hacker News new | ask | show | jobs
by aent 1873 days ago
And tether breaks $52 billion, $31 billion this year. With that exponential rate of printing we'll soon see six and then prob seven figure prices of bitcoin and co
2 comments

I think there's a larger elephant in the room in regards to exponential rate of printing.
Different kinds. Tether is printing tether to prop up prices in the market and enrich themselves. The federal reserve actively manages the currency supply to achieve full employment and 2% inflation rate in basic goods. How can you conflate the two?
After 4 years of tether FUD can we finally put it to rest?

Also, this is about Ethereum not BTC… which is the primary target of tether complaints. Not even the most hardcore conspiracy theorists suggest tether is being used to buy Ethereum.

I'll put it to rest the day they provide an audit. I don't understand how they could possibly keep printing tens of billions without any proof of actually holding anything, and how everyone is ok with that.
Have you read this? Their leadership signed a statement admitting to substantially everything that we’ve accused them of over the years.

[1] https://ag.ny.gov/sites/default/files/2021.02.17_-_settlemen...