You are not helping your case. It's been a while already where they stopped claiming to have USD to back the USDT and are claiming to have "diverse investments".
Just in last two weeks the price of BTC basically doubled. ETH as well. Printing now kind of correlates with the price hike. Yes, if we assume that they are completely naked, then all of this printing is fraudulent (whether at 14 or 24B). However, if they do have reserves, this printing does make sense in the overall market.
Anyway, still curious how the 9 trillion printed by the Fed and the 10 million going to "Pakistani NGOs" [0] does not bring you the same outrage as a bunch of people putting their own time, money and effort in crypto projects. Has any bitcoiner hurt you?
[0]: https://finance.yahoo.com/news/coronavirus-relief-legislatio... : getting funds from government aid and putting in corrupt, violent pockets is one of the oldest tricks in the book. 10 million is "nothing" in international terms, but it can go quite a long way to help fund terrorist cells in Pakistan, no?
Just in last two weeks the price of BTC basically doubled. ETH as well. Printing now kind of correlates with the price hike. Yes, if we assume that they are completely naked, then all of this printing is fraudulent (whether at 14 or 24B). However, if they do have reserves, this printing does make sense in the overall market.
Anyway, still curious how the 9 trillion printed by the Fed and the 10 million going to "Pakistani NGOs" [0] does not bring you the same outrage as a bunch of people putting their own time, money and effort in crypto projects. Has any bitcoiner hurt you?
[0]: https://finance.yahoo.com/news/coronavirus-relief-legislatio... : getting funds from government aid and putting in corrupt, violent pockets is one of the oldest tricks in the book. 10 million is "nothing" in international terms, but it can go quite a long way to help fund terrorist cells in Pakistan, no?