Immer mehr No-Coiner springen auf die #Tether
-Kritik an. @peterschiff kann #Bitcoin
nicht leiden - nichts Neues. Die meisten seiner Argumente gegen Crypto waren und sind Bullshit. Hier aber liegt die Sache anders... Thread
https://twitter.com/knmjohansson/status/1419262526118932481 …
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As far as I understand it: No one doubts that Tether is backed by something. The question is: Is every USDT backed by 1 USD?
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Afaik, that's what their upcoming audit will prove. Beside that, what about every exchange, lending co, etc. in the space with similar or higher deposits? None of them got audited or did a proof of reserves recently. Nobody knows if any of them is a fractional reserve system.
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Backed by AAA assets and USD? Or high speculative assets, those better not to publish?

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Please do not start thinking about banks and the fiat system, I swear your mind will be blown.

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