If Tethers have no fiat backing, they dont need a bank. Both stories cant be true... pick one.
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The argument is that Tether fraudulently claims to be backed 100% by USD. They need banking to periodically show that there is an ability to redeem tokens to keep the thing from crashing. You know, the same way fractional reserve banking and ponzi schemes work.
End of conversation
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Feels like we are very close to Bitfinex shutting down because there's too much "FUD" and too many attacks. Probably blaming others not playing along. Very much in the same that Bitconnect did their exit scam.
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Why only name Bitfinex? Name them all please

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