They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.
But one difference with Tether is that Tether is not a scam. Tether is actually used
(and that is why tether get's so much hate in the media, including gov'ts and financial institutions), as contrasted with the vast majority of the other allegedly "stable" coins.
Tether was fully backed by collateral deposits. Until it wasn't.
Tether was
so not a scam. Until it was.
In regards to Tether, you are spouting out the mainstream media line too? For what purpose? Do you even understand what is going on in regards to the threat that tether seems to pose towards mainstream and that is largely fueling the misinformation and exaggeration campaign regarding it?
Do you work for bitfinex? You've been making excuses for them for years now.
Of course, I don't work for them.
I got kicked off their platform for a couple of years now, so I don't follow them as much as I used to.
Nonetheless, there is a lot of bullshit that is presented about them, on an ongoing basis.
There have been proclamations of their death nearly as many times as the death of bitcoin, and some of the death proclamations overlap.
They don't seem to be as BAD of players as peeps like to make them out to be, including the nonsubstantiated baloney that you assert, too.
They claimed they were fully capitalized. Until they were forced to admit they were not.
Why can't you at least present matters a bit more objectively rather than seeming to be so emotionally attached. Bitfinex has continued to get by pretty well in the bitcoin space..... and they come up with some interesting solutions, and have not done any exit.. so far.... Yes, there is a lot of negative shit out there on them, but frequently they are able to balance a decent amount of attacks and keep operating with a decent amount of ongoing success and continued support from a decent number of users, too.
Yes, maybe some day they will do an exit scam, but they haven't so far.
It's really not that hard to detect their dishonesty.
Yes, especially when you seem to have some kind of axe to grind with them.
You really buy that they are engaged in shenanigans rather than also being attacked?
I don't believe that they were completely honest in their 2016 hack and how they handled it, but they surely did get through that situation in a very creative way...
They also seem to be putting up a decent fight with the tether shenanigans including some of the loss of funds, including court claims against them too... and they survived several procedural situations in which the government was seeking injunctions against them, and they are getting around the injunctions, so it seems, no?
I really don't need to point out anything more than that.
O.k.. don't then... you bitfinex hating fool.
(another hat for you to wear).