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RE: The MASSIVE Tether Ticking Time BOMB

in #cryptocurrency7 years ago

Hi, I was just wondering what your opinion is NOW on this Bitfinex / Tether issue?

Since you wrote this article there was mainstream media coverage over the suponea issued to Bitfinex in December.
Do you think that the recent media attention on Bitfinex and Tether will soften the blow to / effect on the market if
Tether / Bitfinex do collapse?

I find it very worrying that many in this space (YouTubers etc.) don't see Tether as such a big problem for and threat to the entire Crypto market.

They recognize that there is some dodgyness with Bitfinex and Tether, and they may also say they don't use Tether often and not recommend it as a first choice.

But they certainly don't appear to see it as a major threat to the Crypto market as a whole.

On a side note, I saw this article on RMG (Royal Mint Gold) - it could be a good substitute for Tether whenever it goes live - any thoughts?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency

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