To be clear, I am 100% on board with the possibility that Tether is a massive fraud. But there's a broader context of shenanigans here that is underreported. For example, consider the way Chinese stocks are listed on US exchanges.https://twitter.com/mathewi/status/1446468360745652226 …
-
-
If Trump was a raised middle finger to a bankrupt political system, then whoever the hell all these cryptocurrency moguls are is the same thing, raised to Wall Street. They're tacky, preposterous, mendacious, corrupt, and you should not underestimate their appeal.
Show this thread -
This is what happens when you don't let people deposit stuff in a savings account that earns a reliable 1% over inflation. Shit gets weird.
Show this thread
End of conversation
New conversation -
-
-
Oh look it's me: - finally got a little money I could use to invest with in 2016 - find out I can't invest where I want because I'm not already a millionaire - go "fuck this" and then a friend told me about crypto - by the end of 2017 I was working for a blockchain
-
The bit where you can't make obvious investments because 'reasons' is very infuriating.
End of conversation
New conversation -
-
-
That's a good point. What did we, the software people, do to address the underlying issues and provide a sane alternative? Where is a sustainable, fraud-resistant solution to the financial system problems, that is accessible to the more than a tiny % of the world's population?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.