Is there a word like schadenfreude but meaning “a sense of joy as justice returns to the world?” Because the Tether news this week has me very literally going:pic.twitter.com/d0dHrlyaNx
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Clueful folks said that people would exchange Tethers and USD-denominated liquidity that they suspected was backed by Tethers for e.g. Bitcoins, which would cause the perceived USD-denominated price of Bitcoins to go up in short term.
This is how crypto starts fractional reserve banking...
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