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What makes you comfortable with Tether?
I’m personally pretty comfortable with Tether — but many aren’t, for good reason, and labelling legitimate skepticism as “FUD” puts you firmly in the category of cranks and pumpers, not serious people trying to build an ecosystem.https://twitter.com/OnrampAcademy/status/1478916693124657156 …
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My return on capital from using it is higher than my assessment of the risk of loss from holding it.
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the whole conversation is really tiresome. few skeptics stick to facts, opposition often lacks arguments better than "yeah that stuff was bad but I trust the guy"
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Yeah I would come down just as hard on someone waving around vague speculation and guesswork and presenting that as fact (as a lot of tether skeptics like to do)
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Curious to what you nuanced view is? Comfortable with Tether in that? -it’s completely legit? -you use it from time to time in your crypto trades, and are comfortable holding USDT in wallets/accounts? -has some issues but won’t bring Bitcoin down when/if exposed as fraud, -other
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I’m happy to use it and hold moderate amounts for liquidity, but I try not to have an exposure that would be painful if it gapped down one day.
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My own view: it probably was a complete fraud to begin with (printing tethers completely unbacked) but the people perpetuating it have made almost enough to cover the number of tethers they printed. They support withdrawals for now, but can take the money out whenever they want.
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Why's that a problem? Seems pretty upfront
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