Wells Fargo is a bunch of hypocrites for denying Tether initially and thenβ¦
Wells Fargo is a bunch of hypocrites for denying Tether initially and then "seeing the light / bribes / lobbyists from northern virginia" deciding to join the fray.
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Pros
Tether is Wells Fargo pumping inflation into the crypto environment. That is just as good as saying the Federal Reserve with a strawman to take the fall except no one ever gets in trouble for this stuff.
Cons
Tether is Wells Fargo pumping inflation into what should be an impervious to inflation type experience, hence limited number of coins. They want to kill bitcoin but they have to figure out how to kill the next biggest thing first. Most of the market bounces as BTC because they actually do nothing except mimic and ape BTC.
I wrote this 2 years ago and Tether has since STOLEN more than $500 MILLION from cryptocurrency participants. In the same way a certain tiny handed orange idiot found a way to separate US funds from Venezuelan hyperinflation coins, we need the same thing to protect us all from the criminals running Tether. Until Tether is outlawed, there is no reason for anyone to invest a nickel in any cryptocoin. Why lose everything to thief's?