RE: RED ALERT - Mt. Gox 2.0 Brewing - Bitfinex May Be Issuing Unbacked Tether To Paper Over Banking Service Loss - What We Think We Know (Part 1)

[tonypeacock]

Great post and well written. Tether is a nightmare waiting to happen. Its no wonder why smart money is moving over to bitUSD and bitCNY at least that is backed by around 200% of its value and no counterparty risk.