[ArkanExplorer]

People want to transfer around cryptocurrencies, because their price is high and they can speculate on them and mine them.

If the price was lower, then the mining activity would be reduced as would the interest in speculation.

The interest in tether is thus directly associated with the price of bitcoin.

It makes sense then to use the power of controlling Tether and Bitfinex to pump up the value of bitcoin, in the hope (I guess) that the value becomes self-sustaining.

But, basically, we have been duped at a civilizational level and this whole crypto pyramid needs to come crashing down for the good of electricity, chip shortages, limiting ransomware and criminality, and wasting technical talent.

Crypto is basically the Uber of money laundering and ponzi schemes.