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Update Trolly_McTrollface.yml
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geraldb authored Jan 8, 2021
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It's safe to assume that exchanges make more money than miners, as a whole.
date: 2020-12-30
source: http://www.tr0lly.com/bitcoin/bitcoin-is-not-a-literal-ponzi-scheme/


- quote: |
Now you have Tether and USDT. 22 billion almost dollars governed by a five-page disclaimer
that USDTs are backed by whatever Tether wants, at whatever valuations Tether finds convenient.
No credit rating, no bank, no auditor, no offices, no CEO and CFO, no guarantee whatsoever.
date: 2021-01-08
source: http://www.tr0lly.com/uncategorized/tether-heads-i-win-tails-you-lose/

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The USDT/USD peg is founded on the premise that people won't try to cash out en masse.
As long as they don't, USDT printing can continue.
date: 2021-01-07
source: http://www.tr0lly.com/bitcoin/the-tether-press-and-bitcoins-speculative-mania/

- quote: |
Why should Tether spend all its money (it is theirs, after all -
USDT holders don't have a legal claim on Tether's reserves)
trying to save the crypto markets, when they collapse?
How many years would it take them to rebuild their war chest,
assuming that crypto bounces back?
Why not party on a yacht in Monaco instead?
date: 2021-01-08
source: http://www.tr0lly.com/uncategorized/tether-heads-i-win-tails-you-lose/

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