Quote from: Coinzzz on January 22, 2018, 07:34:04 PM

where can i read more about the "chinese having mixed reviews" thing?

After checking Bitfinexs and Tethers bank account, Zhao Dong posted the above-mentioned weibo and the community expressed their concerns. One of the most upvoted one reads:

You need to present a audit report from a third party accounting firm or lawyer. Your word doesnt count.

And the comment below is from Jiang Zhuoer. He believes that anchoring to fiats is doomed.

Anchoring itself is an act of anti-marketing. Even the mighty powers such as the British Empire (£ 1 = 7.32 gram of gold in 1821) and the American Empire ($ 35 = 19 ounces of gold in 1944) inevitably failed. Tether (and the USDT attempting to anchor USD) will perish in two ways: ① died of implosion like MT.Gox. ② died in the hands of United States government like the Liberty Reserve. The U.S. government will not allow any company to actually issue USD.