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by panarky 1685 days ago
There wasn't this loud of a chorus continuously yelling that Madoff and Gox were scams, in every possible media outlet from blogs to Bloomberg, for seven years.

There wasn't a well publicized US federal indictment and investigation of Madoff and Gox, settled with a fine and no injunction.

I'm not saying Tether is clean or 100% funded, I don't know. But unlike Madoff and Gox, accusations have been very loud and very public for a very long time, and the market still accepts USDT at parity with USD.

If Tether's treasury is empty, and if people can freely trade USDT for USD, it wouldn't hold 1:1.

1 comments

There were a lot of people saying Madoff was a fraud for years.

Check this guy: https://en.m.wikipedia.org/wiki/Harry_Markopolos

Few have heard of this guy, while everybody has heard about how Tether is a scam.