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Here’s an Informative and Funny Video Explaining Problems With Tether

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8 comments on Here’s an Informative and Funny Video Explaining Problems With Tether

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Diving Into Tether in an Amusing Way

https://www.youtube.com/watch?v=W38LGOgDt2c

Vincent Chan @hivincentc profile says “I teach personal finance & investing on youtube / making the hard, unhard with bad jokes and puns.”

I suggest he be more active on Twitter. He produced an excellent and informative video.

Also consider The Fed and Treasury Coordinate On a Crypto Stablecoin Regulation Warning

For more detailed information, please read the Best Crypto Interview in History

Mish

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Mike Shedlock

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8 Comments
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thimk
thimk
5 years ago
Recently overheard someone at the gym saying they were “investing” in bitcoin because they  were losing faith  in central banks .     Ya really ? 
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Zardoz
Zardoz
5 years ago
Reply to  thimk
Out of the frying pan….
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Eddie_T
Eddie_T
5 years ago
He gets it completely. It’s not a matter of if…..it is a matter of when. And it might not be too long now.
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fiat124
fiat124
5 years ago
Here’s a fantastic podcast by Grant Williams with 2 guests who take a deep dive into the Tether issue:
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Greggg
Greggg
5 years ago
Well, couldn’t I just invest in US currency as a safer currency and skip all the transaction gymnastics?
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Sologretto
Sologretto
5 years ago
The video is recently made related to a medium article written 6 months ago.  The accusations have had plenty of time to be tested and so far haven’t held up.   Here is a good argument related to where the claims may have been in error:  https://bitcoinmagazine.com/markets/debunking-misconceptions-from-the-bit-short-inside-cryptos-doomsday-machine
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Jackula
Jackula
5 years ago
Reply to  Sologretto
We try to do financial regulation because when people can get away with stealing they will. Most likely if a crash the Central Banks backstop Tether. Which they may have done already to stop the BTC drop to $30k from blowing up Tether. Or shockingly Tether had the reserves to handle the recent 50% BTC price drop? Not to mention the drop with all of the other crypto’s?
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Steve_R
Steve_R
5 years ago
I do not know  if usdc will replace tether as the stable coin all this does not matter, the fed printing more money this year along with the yen and euro printing money, crypto is here to stay. Why is Goldman Sach, etc trying to have etf’s in this market Mish?
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