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A comment on Tether Critical Announcement. Parent comment

Re:Tether Critical Announcement by darawk on Tuesday November 21, 2017 @08:07PM (#15753320)
They claim that they don't. If they do, that is a serious problem. Some of the exchanges have, but there is no evidence i'm aware of that points to any of the current major exchanges running a fractional reserve.
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Re:Tether Critical Announcement by 3pt14159 on Tuesday November 21, 2017 @09:01PM (#15753593)
The issue is that once there is evidence there is a bank run. Mt Gox wasn't supposed to, but they did. And there are others out there that I hear rumours about having 5 or 10% of their reserves stolen from hot wallets. Sure it's fine if there is never a run, but it's worth pointing out that this is a real threat vector.
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Re:Tether Critical Announcement by darawk on Tuesday November 21, 2017 @09:33PM (#15753737)
Ya, no argument from me there. It's definitely a threat. I just don't think it should be stated as fact that they do run fractional reserves without evidence of that.
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