[Long thread/37]
If Tether *had* failed a margin call during those years and you'd lost everything, well, caveat emptor. The Tether insiders were always insulated from that risk, and that's all that matters: "that makes me smart."
When I think about the next four years, this is how I frame it: the victory of "that makes me smart" over "fairness and truth."
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https://mamot.fr/@pluralistic/113594896292730550
[Long thread/38]
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