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    Aven (aven@shitposter.club)'s status on Wednesday, 13-Mar-2024 00:33:23 JSTAvenAven
    in reply to
    • Sexy Moon
    • Aven
    @Moon since we're in ATH territory, I would recommend people NOT buy crypto right now. The dumb money will flow, and bubbles will pop.
    I'm not looking forward to when Tether pops, which I'm convinced is an enormous ponzi. From wiki:

    >Tether has been criticized for a lack of transparency and verifiability of its claimed fiat reserves. In 2021, the company was fined by regulators for only maintaining full reserves during 27.6% of the days in the period from 2016 to 2018[4] as well as for failing to present audits showing sufficient asset reserves.[5][6][7]

    >It is the largest cryptocurrency in terms of trading volume, commanding 64% of the market share among stablecoins and having surpassed Bitcoin in 2019 to become the most traded cryptocurrency in the world.[8][9][10] As of March 2024, Tether had over $100 billion in circulation, leading to concerns about it being a systemic risk for cryptocurrency markets and threatening the stability of wider financial markets.[11][12][13]
    In conversationabout a year ago from shitposter.clubpermalink
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