Quote Originally Posted by Lewkowski View Post
USDT is not bitcoin.
Step 1) Print some Tethers out of thin air
Step 2) Use those Tethers to buy bitcoin
Step 3) Price of BTC goes up

Actually the scam is probably more complicated than that, but that seems to be the gist of it.

And I find it quite hilarious that 'printing' more currency is considered so bad... because that's the entire problem with sovereign currencies.
Crypto isn't currency. Currency is a medium of a exchange for goods and services, crypto is a speculative investment, brought and held in the expectation that it will increase in value. Those two uses are fundamentally incompatible.

The government should not control the value of currency - that's incredibly invasive.
No, it should be VC's moving BTC back and forth between their 35 bitcoin wallets who control the value of a currency.