tante, to Bitcoin
@tante@tldr.nettime.org avatar

I get a lot of people calling out my skepticism (as in: Bitcoin is a worthless piece of hot garbage trying to kill our planet) because number is again going up. This time it's real, now that the scamers have been caught and all.

But if you want to know why Bitcoin goes up you just need to look at one curve: Tether has printed 4 billion USD from thin air in the last week.

While it's great to see the crypto scam artists SBF and CZ been caught and punished (sadly without making their victims whole) the actual rock that whole scam economy is built on is Tether. Has been Tether for years.

And I really don't get why US regulators let some weird company print fake USD.

kkarhan,
@kkarhan@mstdn.social avatar

@tante It's also the same reason why the doesn't go after vouchers and why exist:

Those are locked-in, / solutions and both PSC as well as do comply with , & regulations...

In fact, Tether and 's "" does have functions specifically to comply with listings and and do enforce them against i.e. :

https://www.youtube.com/watch?v=wwBnf-e1PY8&t=295s

jspath55, to random
@jspath55@chaos.social avatar

Oh dear, I was in some august company at a prior incarnation of the site.

With @ccmehil on point yet again in 2023.

(toast)


maugendre, to infosec
@maugendre@mas.to avatar
SystemsAppr, to random
@SystemsAppr@discuss.systems avatar

This is the account of Systems Approach, LLC, operated by Larry Peterson and Bruce Davie. We wrote "Computer Networks: A Systems Approach" together in 1995, and in recent years we've expanded into other topics, publishing books on , , , and Edge Cloud Operations.

All our books are produced as open source projects - you can raise issues or make pull requests on Github (link in profile). We make all our content available for free.

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