Thread by @dkcrypto13

So a word to the #crypto skeptics and #tether truthers around:

I think it is good to be skeptical and there is literally no person with a brain in the entire industry who truly thinks that $USDT was not used to manipulate prices in 2017 or that it is backed with cash.

Everyone knows it is the biggest tail risk in this space and most people would probably rather it disappears.

However, recently more than before, I notice you guys are taking the high moral ground but you use the exact same “scam” tactics for your own arguments. You repost

articles without fact checking because they fit your bias, then ignore corrections, you don’t care about any use of #crypto because it seems you cannot stand the thought of it not all going to zero. Everything is a scam & everyone a scammer. You may not feel that way,

but it is the way your arguments come across. It’s okay by the way, we all do it (including myself). It’s just hard to claim moral high ground each time you use your own fabricated arguments. I catch you once,don’t care. Twice I start doubting you, third time you lose credibility

It’s yours to lose of course so who am I to tell you differently. But it seems that you dislike the practices of scammers in #crypto (of which there are many), so it would be kind of logical to not follow their methods, no?

You want examples? Sure:
- most of you find it entirely impossible that any stablecoin can reach $50bn in value or otherwise it would be inexplicable why you rush to attack $USDC despite them publishing auditor attestations monthly, march report was faster than feb report & it is

entirely normal that auditor opinions take longer with increasing size (because the auditor liability increases, its the same for full business audits, the larger the audit the longer it takes). It does not matter how often you get told this, you just ignore it 🤷🏻‍♂️

- $BTC energy use is a problem. We can all agree on that. But it is not useless (ask some Venezuelans or Turks about that please), the problem can be addresses and most importantly there are other #cryptos out there that address this issue (like #solana). Plus the fact it is 35%+

renewables is something that should at least not be ignored. I can think of a lot of things free people engage in that wastes more resources and has less use. Let’s be a bit more balanced here as well please. #bitcoin is one of the most decentralized databases we have. That may

not be relevant to you, but it is to a lot of other people who have the same right to this use case as you do.
- you keep equating outlawing #crypto with stopping #ransomware attacks. So basically we should shut off the internet because it enables scams & drug trafficking? If

you spend some time instead looking into chainalysis or crystal crypto tools that are already able to identify any inappropriate uses of coins in a wallet, you might instead see what I see: in a few years #crypto will make tax evasion harder & use of tainted funds more difficult

than any offshore bank account today. You can ignore it, but why would you?

There are numerous other examples and I refrain from adding your handles, but just know: when you argue only one direction, it makes you much,much less credible than when you criticize in a balanced way

I also know I am guilty myself of similar behavior when it comes to other topics. Nobody is perfect. But I try not to assume I am.

Finally, I am not a scammer. I work in #crypto because I believe it can build spectacular uses and I want to be a part of it. I am also a trader,

so assets with high volatility attract me (and I see zero reason by the way why that s a bad thing or the people need to be protected from it; I’d much rather invest in #crypto and be able to make 10x and lose 1x as opposed to other things where I can lose 1x and make 0.2x).

When you ignore any counter arguments and give people like me the feeling you think I am a scammer just because I am a part of a growing industry in which I have (so far) met some truly spectacular individuals, I start ignoring your correct analyses as well. Yes Saylor is nuts,

yes there are thousands of scams in #crypto, yes $USDC could still turn out to be the next #tether, but that is not a given and we aren’t all Michael Saylor just because some of us use laser eyes... Finally here are some uses I like in case u need some: link.medium.com/ckDTaWgSPgb

I cannot stress enough how clear it is to me #tether is a scam that will implode, #ripple dumped unregistered securities on uninformed retail investors or that #binance is part of a #crypto cartel just as dirty as most drug cartels

Does not mean I condemn by industry association