Amidst all the confusion surrounding Tether and Bitfinex it can be difficult to keep track of what they have actually provided in terms of audits, attestations, and other documents to support their contentions. …

There are still some who claim that Tether has always been fully backed. I have already shown that is not true:In this post I will summarize the periods where we have sufficient evidence to know for certain that they were unbacked. Thanks to the NYAG settlement we know that there…

This is a living document that I intend to continue to update as I continue to research Bitfinex and Tether. I hope it will serve as a useful reference material for anyone who needs to try to keep in mind their many inappropriate behaviors. If you find any I missed…

Mostly the reason I have zero faith in crypto venture capitalists as an institution is that their primary value add is marketing, their due diligence is a joke, and they are functionally equivalent to the shills we all mock.

I have been following Tether for about three and a half years and still I struggle to really grasp how large it is. It is so absurdly large that it has started warping my perception of other huge amounts of money. …

Elon Musk is considered by fools to be among the smartest people alive. He will be discussed as though he has the intellect of Nikola Tesla, combined with the ability to create products of Thomas Edison. …

Protos reported that Coinbase was aggressively looking for a ‘top media editor’. It clearly seems intended for Coinbase to build up a content marketing team that will help them manage their own image. http://web.archive.org/web/20210529221305/https://protos.com/coinbase-crypto-exchange-media-content-marketing-journalism/ Now I can hear your objections already, that perhaps I am being too harsh on Coinbase…

I have recently been asked several times why would Coinbase list Tether. Especially among the revelations of the NYAG and the general controversy surrounding Tether. Fundamentally, what I believe it comes down to is money and knowledge.

It can be difficult to talk about Tether and Bitfinex, not because there is disagreement on the essential facts, but due to the lens through which these facts are viewed. The skeptics and critics find it unacceptable that these businesses would give over $1 billion to money launderers and NEVER…