Not heard the “propped up by Tether” argument before. What’s this guy talking about?
This goldbug clearly didn’t even read the book, but that doesn’t stop him from crying the loudest and continuing to propogate “the solution” that leads to the perpetual break-down in society since time immemorial.
BTW, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a’s book is my favorite read of the year if you haven’t noticed by now. If you’ve read it, or once you’re done, help her out, but more importantly help spread the Bitcoin message by countering idiots like this guy (review below). I think her book has the potential to reach a very broad audience and in a way that destroys many financial mantras since Bretton Woods.
Discussion
It's a r/buttcoin mantra (in case you're unaware, buttcoin is a Reddit community centered around hating bitcoin and other cryptos... I actually think they make good points about crypto in general but I digress). They have observed that when bitcoin's price drops a lot of tether is minted. They attribute the printing of tether to an attempt to stabilize bitcoin's price with 'money printed out of thin air'.