01-15-2021, 08:06 PM
The Tether Fraud - looking for the other side
<!-- SC_OFF --><div class="md"><p>So i've read a couple of articles recently about this whole Tether situation (most recent being this: <a href="https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3">https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3</a>) and i'm not sure what to think.</p> <p>It sounds pretty serious and when I search around I can't find much to debunk it. I do see a lot of comments like "this is just tether FUD, ignore it, newbies don't listen", but what I don't see is constructive discussion about why this shouldn't be something scary for the community.</p> <p>Ultimately what i'm looking for is an indication that I shouldn't be concerned for the price of bitcoin to tank once Tether are forced to be transparent with their documentation (the deadline is today) when it looks like they're running a pretty fraudy operation.</p> <p>Why are more people not talking about this?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/gazillionear"> /u/gazillionear </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kxuw9i/the_tether_fraud_looking_for_the_other_side/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kxuw9i/the_tether_fraud_looking_for_the_other_side/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So i've read a couple of articles recently about this whole Tether situation (most recent being this: <a href="https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3">https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3</a>) and i'm not sure what to think.</p> <p>It sounds pretty serious and when I search around I can't find much to debunk it. I do see a lot of comments like "this is just tether FUD, ignore it, newbies don't listen", but what I don't see is constructive discussion about why this shouldn't be something scary for the community.</p> <p>Ultimately what i'm looking for is an indication that I shouldn't be concerned for the price of bitcoin to tank once Tether are forced to be transparent with their documentation (the deadline is today) when it looks like they're running a pretty fraudy operation.</p> <p>Why are more people not talking about this?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/gazillionear"> /u/gazillionear </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kxuw9i/the_tether_fraud_looking_for_the_other_side/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kxuw9i/the_tether_fraud_looking_for_the_other_side/">[comments]</a></span>Kind Regards R