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A comment on The Supply of Tethers at 27 November 2017 is $675M. Parent comment

Re:The Supply of Tethers at 27 November 2017 is $675M by wslh on Tuesday November 28, 2017 @08:49AM (#15797196)
Are you saying this to the average "non-professional" investor? When people read about a cryptocurrency that represents fiat money they think about something simple and they assume you have the money to convert back and forth.

The first page clearly says "A decentralized cryptocurrency pegged the U.S. dollar". This message is a scam, plain scam, you don't need to bring the SEC to realized that. After reviewing all this thread I flagged the top comment.

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Re:The Supply of Tethers at 27 November 2017 is $675M by jstanley on Tuesday November 28, 2017 @09:12AM (#15797426)
I'm not saying it to any investor, I'm arguing it from a purely disinterested perspective.

I think it's a fascinating project.

That the SEC thinks risk of insolvency is more of a problem than risk of corruption is irrelevant.

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Re:The Supply of Tethers at 27 November 2017 is $675M by lurker456 on Tuesday November 28, 2017 @11:13AM (#15798506)
words have meaning. "pegged" is a wrong and highly misleading term because it implies a level of safety that is not there. Whether it's fraudulently so is indeed a question for the courts and the SEC.
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Re:The Supply of Tethers at 27 November 2017 is $675M by hathathat on Tuesday November 28, 2017 @11:31AM (#15798712)
Not even central banks can provide the guarantee you’re looking for - they can only print money to devalue their currency, but they can’t make it appreciate [1]!

[1] https://en.m.wikipedia.org/wiki/Black_Wednesday

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