Quote:
Originally Posted by Wayne 962
The first post in this thread was indeed specific on it's thoughts on this topic - that Tether was a digital ponzi scheme that had little or no reserves, and that it was being used along with leverage to inflate the value of other assets, namely Bitcoin. Bottom line, I believe that if one is a legit company that wants people to trust it, then one should release copious amounts of information detailing the assets, where they are, and will have a top-rate accounting / auditing firm come in and verify. That has not happened here, and in my opinion, the clues that have been discovered so far seem to point to very suspect activity.
-Wayne
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One point for Tether is that they just were listed in coinbase, which means they satisfied the criteria coinbase puts their listings through which is known to be the most stringent of the exchanges.
Also worth noting Tether is about half the total market of stablecoins.
Side note, I made a purchase today using BCH. Now I own some .crypto domains