[HN Gopher] Tether's Troubles in November 2022
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       Tether's Troubles in November 2022
        
       Author : picture
       Score  : 50 points
       Date   : 2022-11-11 16:34 UTC (6 hours ago)
        
 (HTM) web link (www.kalzumeus.com)
 (TXT) w3m dump (www.kalzumeus.com)
        
       | kranke155 wrote:
       | This will be the true extinction level event for this era of
       | crypto. I now fully expect it to happen on this bear cycle. It
       | will be interesting to watch - potentially the FTX investigation
       | coming off the bankruptcy will set loose enough threads we will
       | learn the truth.
        
       | chinathrow wrote:
       | > Madoff lasted more than 17 years. Tether won't.
       | 
       | The sooner Tether is gone, the better.
        
         | TheOsiris wrote:
         | better for whom?
        
           | zen21 wrote:
           | Presumably the world in general. Just like the sooner
           | cigarettes are gone the better.
        
           | [deleted]
        
       | jgalt212 wrote:
       | I'm a huge crypto bear, but the Fed Balance sheet is still way to
       | big for the entire space to go to zero. Where would all the money
       | go? SPX X 2, hyperinflation?
       | 
       | https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
        
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       (page generated 2022-11-11 23:01 UTC)