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Announcement for the thing: #955110
33 sats \ 1 reply \ @DarthCoin 12h
That is the brilliant way for Tether/Bitfines to wash some billions and became more "legit"...
This scam is way bigger than people can imagine.
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Isn't Tether just dollar-tokens? It's like more dollars which are widely available.
I don't understand the appeal
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They give a tiny bit of context here.
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They’re going to offer “$385 million through convertible senior secured notes”, then buy BTC. Only institutions and accredited investors can buy their notes or MicroStrategy’s. There’s a new ETF called BMAX that only invests in notes and bonds from BTC Treasury companies. It’s an easy way to invest retirement funds that couldn’t go directly to BTC.
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