Re:66% of all Tether (USDT) have been printed in the last 6 ...
by PragmaticPulp on Sunday February 21, 2021 @11:30AM
(#26214713)
In finance, no one complains about flawed schemes as long as everyone thinks they’re making money.
Enron was thought to be a market master until it fell apart.
Bernie Madoff’s clients were happy with their returns until the fraud was exposed.
The only difference in the cryptocurrency world is that a lot of the players have a suspicion that some parts of the system are powered by fraud, but they either wave it away (buyer beware / I can buy the dip if the market crashes) or they think they can get their money out before it really crashes down.
Enron was thought to be a market master until it fell apart.
Bernie Madoff’s clients were happy with their returns until the fraud was exposed.
The only difference in the cryptocurrency world is that a lot of the players have a suspicion that some parts of the system are powered by fraud, but they either wave it away (buyer beware / I can buy the dip if the market crashes) or they think they can get their money out before it really crashes down.