article

Tether: The Story So Far

by Patrick McKenzie

Oct 28, 2019·~41 minutes·19 chapters

Chapters

19 total

A friend of mine, who works in finance, asked me to explain what Tether was.

0:13

So you want to build a cryptocurrency exchange

2:53

Enter Bitfinex

2:22

Banking a Bitcoin exchange

1:03

How Tether works

3:58

Where were the reserves kept in 2017 through today?

2:27

Crypto Capital Corp

1:44

What did this look like for customers?

2:11

Did Crypto Capital Corp actually have the money?!

5:58

So Tether was fully backed until Crypto Capital made off with the reserves?

0:35

Description

A detailed history of Tether, Bitfinex, their banking relationships, and the questions surrounding their reserves.

We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. See the original selection on Kalzumeus.

Details

Duration

~41 minutes (39K characters)

Release date

Oct 28, 2019