Tether bleeding another $1.5 billion and $9 billion over the past week. The fraud of unaudited reserves will be readily apparent. Commercial paper? A lie. Treasuries? So far beyond Madoff. Who believes this nonsense? Massive Ponzi. If you are still in you get what you deserve.
So one very obvious problem with bitcoin is that bitcoin requires a pointlessly large amount of energy, and we need the energy for non-Ponzi scheme purposes.
13 years since the idea of blockchain was introduced with Bitcoin in 2008 — and still nothing except a litany of horrific ills. The hurt is real and the regulatory paralysis is intolerable. asia.nikkei.com/Opinion/Regula…
Don't forget:
Tether has invested into the Celsius Ponzi scam.
If you have Tethers you're exposed to the Celsius Ponzi blow up.
Did you expect a company under US DOJ criminal investigation for bank fraud, to make prudent investments?
Come on now, don't be silly.
Signature shut down
Wells notice for Coinbase after hours
US enforcement moving to shut down crypto
Good fucking riddance. Several years too late but I’ll take it
Crypto is a categorical, unequivocal, and absolute net-negative for the world