btw, consider ourselves properly warned
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Schrodinger's Coin
The June 2021 edition of Things That Make You Go Hmmm... has just been published.
This month, we take a look at Tether, the company whose stablecoins provide one of the major underpinnings for the crypto markets to the tune of over $60billion.
Over the last couple of years, Tether has become critically important to the cryptocurrency eco-system with tens of billions of tethers being minted as the price of bitcoin soared. However, as with many aspects of this brand new frontier, questions abound as to not only the integrity of the company's founders, but the practices they employed during a series of investigations designed to foster a better understanding of the company's operations.
Evidence of fraud is rife, with a series of critics offering more than enough smoke to start a very big fire, but, thus far, Tether has remained largely impervious to what its defenders label as nothing more than 'FUD' (fear, uncertainty and doubt).
So, this month, we take a look at what is an extraordinarily complex story with a highly convoluted timeline in an attempt to provide some clarity on the Tether situation and pique your interest to look further into what may well be a ticking timebomb at the heart of the crypto complex.
This has been the most challenging edition of Things That Make You Go Hmmm... I've ever written, but the story it contains is also among the most remarkable I've tackled.
My wish is that it starts your own journey of understanding but, if you areamongst those who believe this is all FUD, then please do contact me and share your reasoning. As always, I'm keen to be proven wrong.
Welcome to the rabbit hole... |
