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by forwardslash 1849 days ago
How have you done a deep dive on Tether and not seen it as deeply troubling?
2 comments

Please don't cherry pick the worst example and apply it for the whole population.

Tether is one stablecoin, and arguably the worst example since it is literally the one coin every coiner will agree with you is a bad stablecoin. Do a deep dive on MakerDAO's DAI instead.

When tether implodes a lot is going down with it.
Did I say I did not find it deeply troubling?
You said

> Nothing about blockchains, DLTs, crypto, at its core is a scam to me

Which I took as an implication that you didn’t see Tether as a deeply troubling or a scam

Tether is an application, not a core technology. Stablecoins would fit that quote.

Tethers management is the problem - obfuscation and using other crypto as collateral instead of just USD.