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by guillegette
1788 days ago
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While everything that has been said about Tether seems valid, not sure what is true and not, it is definitely suspicious. But after reading all comments, I am wondering, isn't the whole financial system also a house of cards? Can we talk about the amount of debt on student loans, credit cards, house loans, those ridiculous low interest rate, the amount of $usd that is being printed and giving it away ? And all of those financial instruments are controlled by the same people that have been "cracking down on stablecoins/crypto"... So my question is, who can we trust? we were born with banks around us so we kind of trust them, but can you imagine the level of corruption that existed when they were being created? how many financial institutions disappear with everyones money... We are just at the early days of crypto, there is people trying to make good things and people trying to make a quick win taking advantage of the current status. Do your own research, make your own decisions... |
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Yes. But importantly, it's a house of cards guaranteed by all the money and force of the government of $major_power.
> Do your own research, make your own decisions...
The vast majority of people are not capable of understanding either the economics or technology involved without investing an unreasonable amount of time. (I'm not ashamed to admit that I don't, and I certainly understand more of the tech and probably understand more of the economics than 99% of the US population...)