Listen to Tether CTO @paoloardoino get absolutely destroyed in this Q&A

All crypto is going to zero - it is worthless

If Tether is a scam, is there any estimated timeline on when it would be proven?

Would it take an event like USDT crashing? Basically burning down the crypto market with it?

USDT has already flashed an alarm on 5/12 by wicking down to $0.94. First time in its history selling like that.

quote:

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All crypto is going to zero - it is worthless

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This is so idiotic that I'll play this game. I challenge you to explain why cryptocurrency is worthless and why it's going to zero.

Don’t bother, this dude pops into these threads for the last few months spouting off the same talking points he hears on CNN about why bitcoin is bad.

The thread started off great until the troll came. It's a great thread that was derailed by a troll.

Avoid Tether as your stable coin until they can prove their backing.

USDC is a safer stable coin:

USDC is fully backed by cash and short-dated U.S. government obligations, so that it is always redeemable 1:1 for U.S. dollars. Each month, we publish attestation reports by Grant Thornton regarding the reserve balances backing USDC. Circle is a licensed money transmitter in 46 U.S. states, plus Washington, D.C. and Puerto Rico.

I mean, he isn't that far off.

Get back to me when it’s written into law that institutions have to hold a crypto currency. Basically the same thing