Is that really him?
Yes
Well he is right about the Tether scam. It's a huge fraud that will rock crypto when it comes crashing down.
That has been well known for quite awhile, if you search my post history you will find warnings from when polo first listed it. When did he notice it? It's pretty well known around the interwebs that it is backed by nothing. It's the hot potato token when the music stops we will se who gets burned.
It is backed by nothing? What exactly do you think Bitcoin is backed by then? All it will take for the music to stop on Bitcoin is one major event (coding problem, multi govt action, whale dump and price crash, et cetera)
What a retarded post. I usually don't answer moronic shit like this but I I read it because I haven't had my coffee yet.
Why don't you ask some n00b to ELI5 it for you.
Based on your vernacular, youre obviously an intelligent and sophisticated person. So, why dont you enlighten us by regaling us with your views on what Bitcoin is backed by then?
Oh, please try to answer with more than just parroting back the scarcity argument. That argument is a myth for anything that can be created on a computer because anything thats coded can be changed at any point by a nefarious actor.