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RE: RED ALERT - Mt. Gox 2.0 Brewing - Bitfinex May Be Issuing Unbacked Tether To Paper Over Banking Service Loss - What We Think We Know (Part 1)
When the first sentence is calling Bitcoin "Shitcoin" you know what you are about to read is heavily biased...
Tethers total value is 0.5% of bitcoin's market cap. How so many people think a tether collapse will crash the price by 50%+ is beyond me.
I have my doubts about bitcoin as well, but it has proven to be a very solid long term store of value despite much worse problems than tether. Tether may we cause a correction but Bitcoin has survived much worse.