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by user-the-name 1790 days ago
Tether's business at this point is basically manufacturing red flags.

It is incredible the mental gymnastics people in the cryptocurrency business go through to defend this group of crooks.

2 comments

"It is difficult to get a man to understand something when the market liquidity his salary is traded and valuated against depends upon his not understanding it."
I've been in crypto for a while and never met anyone who likes Tether, it seems to be novices that use it that don't know any better. I don't know why anyone would use it over a decentralized stablecoin like DAI.
The entire crypto market is poisoned by this. There is no hiding from it in another currency if the market loses 70% of it's liquidity.

"All this is extremely dangerous to everyone, the entire crypto community

BTC could go to 1k if we don't act fast"

• CFO of Bitfinex & Tether, previously during a Tether crisis.

You know something like 90% of all trades happen in Tether, right?