News for hackers. Stuff that matters.

A comment on Tether reserves backed by 2.9% cash. Parent comment

Re:Tether reserves backed by 2.9% cash by tarsinge on Friday May 14, 2021 @04:20AM (#27151999)
A random individual in the street can do fractional banking too, and by that reasoning is more robust than a bank. Why would you specifically trust Tether with your money?
[ Parent | on HN ]
Re:Tether reserves backed by 2.9% cash by applepple on Friday May 14, 2021 @04:23AM (#27152013)
I would trust a random individual more than a bank. There is a chance that the random individual might be honest... On the other hand, I know for sure that banks are running a pyramid scheme.
[ Parent | on HN ]
Re:Tether reserves backed by 2.9% cash by FabHK on Friday May 14, 2021 @05:21AM (#27152373)
Email me, I'll send you my account number. Trust me.
[ Parent | on HN ]