Replieskevinh (31)in cryptocurrency • 7 years agoRE: The MASSIVE Tether Ticking Time BOMBBecause people holding them have the expectation that they are each worth a dollar. So if the price goes down to a few pennies, they will lose all of their money. The direct effect of this will be…entropidae (25)in cryptocurrency • 7 years agoRE: The MASSIVE Tether Ticking Time BOMBSimply put: Tether says that it backs its tokens 1:1 with usd. That’s a fundamental assurance which in the past its auditor appeared to back. If that assurance has been false, it is a fundamental…