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by matheusmoreira 1706 days ago
Yeah. The truth is the entire banking system is running the exact same scam ad Tether. The only difference is the governments think banks are too important to allow the consequences of their actions to catch up with them. So whenever there's a bank run and there's no money in the bank, the government bails them out.

They should just bail Tether out too.

1 comments

This suggestion runs counter to the US system of finance. The secret service was created to protect the value of the dollar against attempts like those made by tether. Why would the government today want to do a 180 and give up the power of the dollar? If there was another major collapse by messing with the crypto too abruptly, it would probably help establish the dollar for a while longer. I don’t think that such an event would be a bad thing for the global economy either.