The price data suggests that Tether may not be minted independently of Bitcoin price and may be created when Bitcoin is falling; it also rejects the notion that Tether is not having a great influence on the Bitcoin price.

For the record, I didn't know there was any controversy about this. I mean, obviously they're doing that. There's nothing preventing them from doing it. Milton Friedman would argue they'd be shirking their fiduciary duty if they didn't.

It's a fuckin' wretched den of scum and villainy. I thought we all understood this. What, exactly, is the controversy?

posted by mk: 327 days ago