Tether Admits In Court Document What Has Long Been Suspected
I have finally declared my position regarding the Tether situation. If I held Tether right now I would exchange it all for TrueUSD immediately. This is based on official court documents filed by Tether which I'll explore in todays video.
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Hi, yes I come to steemit daily to check your content :D
I dont get why people keep using USDT really. There are other options. Some people deserve to get reckt.
While first learning about crypto, I was keenly interested in identifying a stable coin. Only Tether existed. Nonetheless it seemed that there were constant charges that Tether was not being audited, not abiding by rules, was engaging in suspicious behavior.... At the time I was learning how much FUD circulated around crypto as part of the normal news cycle. So I put this information into a mental category called " I just don't know," but figured that Tether might be the victim of unfair news. On the other hand, the negative reports were so constant that I couldn't shake the feeling that there was "too much smoke" to ignore everything. At the end of the day, I chose to not get involved with Tether. Although this now appears to be justified, the loss was mine. Absent a stable coin, anyone who sat on 2017 crypto performance without a hedge paid the price. I goofed; I learned. But this story still had the strength to bring up some residual anger.
Some people just choose convenience over security
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As always, bringing the facts, and simplifying complex story.
Dont think this end of story, it may be tip of iceberg, time will tell.
So, to summarize your stance, you would say
TRUEUSD OR DIE!
You should contact MakerDAO folks and tell them to create an alias for DAI called DIE so they can get on the marketing bandwagon.
Wow. Strong stuff. I like your reasoning.
Agree better alternatives now
Incredible they continue to have a hold on the market despite the news. Shows how powerful having trading pairs across many exchanges has on an asset.
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Despite this news tether is still worth $1.01 USD. I really wish crypto investors were a bit more savvy at times. The market ignoring things like this really discourages smart investors
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