Hacker News Reader

?

Crypto bad, can’t you see? No need to justify claims when you’re bashing The Bad Thing.

Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.

It may be insolvent, and that may mean "scam" to you, but those words are different.

Even if they claim full backing and don't, they have lied.

Whether that is substantially and materially a sole qualifier in determining them a fraud and scam, is for the legal system, not an assortment of most vocal persons, to decide.

An insolvent pseudo stablecoin that swears to be solvent (pinky finger) is the very definition of a scam.

You beg the question by claiming it’s insolvent and calling it a “pseudo stablecoin”.

So no, it’s not the “very definition” of a scam.

Reply on news.ycombinator.com