I am posting this here because SOV only exists because of BTC, which seems inextricably linked with TETHER:
Assuming that Tether is a ponzi scheme (whilst they belong to the often maligned centralised big media, these investigative journos are not interested in creating short-term FUD, they make their living from fact-checked follow-the-money trailing long-period investigations) four questions I like to ask this group as I am not that informed:
Do you think Tether poses a systemic risk to crypto at large and it’s collapse would kill this bull run?
How long does a ‘full exposure’ take in crypto where criminal investigators eventually would gain access to on-chain data, which reveals everything more or less instantly? Or if teh FED can Subpoena execs and force them to get audited? What time-frame between for example a subpoena and court-case announcement (which probably would be the day Tether collapses due to a crypto version of a bank run)?Reason for asking: I think it tool a while between the journos and the Feds in Bernie Maddoff’s case, and also between credible news reports in 2008 and the date of Lehman’s collapse. Both cases happened a long time ago and we are operating at lightning speed now. How fast could this really blow up?
Where do I find on-chain metrics on Tether? I’d be interested to see outflows by whales into other assets as they surely would know more and have no interest in the scenario of (1) so a gradual drying off Tether into e.g. USDC or other Stablecoins might soften any potential blow. Or is my thinking flawed and it would collapse anyway, even if a few billions would be off-ramped before.
What questions do you have regarding this risk that I am not asking (myself) right now?