Tether derangement syndrome? First they claim they printed the money out of thin air, when they found out they didn't, they seized the money. And now they say look they don't have the money (because we seized it)? I must be missing smt here because this lawsuit looks ridiculous.
Trusted third parties are lawyer magnets. https://twitter.com/NickSzabo4/status/1009725267160383488 …https://twitter.com/CharlieShrem/status/1181595893062979585 …
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Trusted third parties are security holes, and in particular bank accounts can be frozen and seized, that's another problem here.
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The thing about fully decentralized protocols is, you can’t sue codehttps://twitter.com/nickszabo4/status/1181600053338628096?s=21 …
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Prove me wrong
@stephendpalley
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Indeed!
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Stupid question. I don't know the aggregate value of the altcoin market. Bitcoin's currently worth in aggregate 146 billion according to coindesk. How do you cause a bubble in a 150 billion dollar market with 3 billion dollars?
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There aren't financial instruments to amplify the swings. Yet.
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Trusted third parties are failure magnets, lawyers intervention has more of a balancing effect
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My second favorite quote from you :)
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Trusted third partys are not to be trusted.... it's why the FDIC exists and other depositors insurance products as well. This is why im building depositors insurance for bitcoin
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And that’s why lawyers will try to craft rules to enable trusted third parties over peer to peer. Symbiosis.
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Trusted third parties are untrustworthy.
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isn't tether built on bitcoin? how were they able to print it
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The market cap in 2017 reached about 800 billion dollars. How do you couse this with only 2.8 ? Less than 0.3%.
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