Charlie-Gro

  • Oct 7, 2021
  • Joined Sep 16, 2021
  • collinm11

    I fully agree with this point. USDT has had its risk heavily scrutinized and researched. USDT should get removed from any stablecoin risk-distribution bucket.

    Tether Ltd. (i.e., the Bitfinex owners) could be labeled as "scammy" to say the least. I thought one problem defi meant to solve was legacy, centralized organizations that historically scammed their users (e.g., MtGox, BTC-e, and BitFinex).

    I personally was burned by a BitFinex "hack" resulting in the owners sweeping 30% of my funds without recourse or approval. USDT is owned by the same people. It's part of that same early scam culture that dominate the cryptocurrency / crytpoasset space.

    @Charlie-Gro While I hold a big bag of staked GRO and participated in your release on Copper, you really should move away from USDT if you want to imbue any sense of safety, security, or legitimacy. Otherwise people like me will dump at the pump of the next major bull leg and not buy back again.