@elomatreb yes, and I mean like, I know you're supposed to never attribute to malice what can be adequately explained by stupidity, just I feel that with bitcoin, if you assume everybody is probably a scammer, you're right more than if you assume everybodys just in way over their head
* a huge canadian exchange QuadrigaCX kind of up and disappeard * they might be insolvent * they're owned by a company that also owns 5 exchanged, 4 of which recently imploded. number 5: bitfinex * bitfinex might be properly insolvent * this means tether would be also * money of the future
the short version is they might be pulling the most hilarious scam via tether wherein they tell everybody that they have two billion dollars and then everybody just believes them
@kaniini it's the old "tell everybody you have two billion dollars and no we can't tell you where they are from or show you any proof we have them, and then everybody goes 'yes this seems plausible' and lets you buy stuff with them" hustle
(no word on whether it's legit that one guy died or maybe some employee or the guy who supposedly died ran off with the money or w/e, but they're definitely insolvent.)