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Tether: The story of the greatest fraud in cryptocurrency
| Vigorous mint church building associate | 10/28/19 | | Multi-colored Beta Stage Boiling Water | 10/29/19 | | Vigorous mint church building associate | 10/29/19 | | Multi-colored Beta Stage Boiling Water | 10/30/19 |
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Date: October 28th, 2019 5:30 PM Author: Vigorous mint church building associate
Tether: The Story So Far
October 29, 2019 in bitcoin , fintech
A friend of mine, who works in finance, asked me to explain what Tether was.
Short version: Tether is the internal accounting system for the largest fraud since Madoff.
Read on for the long version.
https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/
(http://www.autoadmit.com/thread.php?thread_id=4371845&forum_id=7#39038777) |
Date: October 29th, 2019 3:24 AM Author: Multi-colored Beta Stage Boiling Water
just read this off an r/ethfinance link. Hilarious article from an anti cryptocurrency zealot who literally admits to having a huge short position in the article.
Everybody knows shit like binance, bitfinex, bitmex etc. are scam casinos. The serious cryptocurrency "community" has migrated to DAI for stable coin needs. Tether is not part of the "infrastructure" at coinbase in any way.
(http://www.autoadmit.com/thread.php?thread_id=4371845&forum_id=7#39040773) |
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