One of the best things about Twitter is all the different people that you get to meet and communicate with. For example, the founder of Tether (infamously sued for child sexual abuse and arrested in a house full of child pornography) would semi-regularly talk to several of us Tether skeptics in threads. In one he even told us that we knew more about Tether than he did (despite founding it):
Around this same time I received a direct message out of the blue from the one and only Brock Pierce who offered to help me short Tether, the ‘dollar-backed’ stablecoin that he had created. This was a very unexpected message, as I had never messaged with Brock before, and I had never before seen someone offer to help someone else short an asset they created.
My response to this was, “I am not an accredited investor, nor do I have enough funds to make the costs worth it”, but my internal monologue was more like, “what in the ever-loving fuck is going on.” I was a college student when this happened, and apparently Brock Pierce was under the impression that now only did I have a deep desire to short Tether, but enough money to make his own efforts in facilitating this trade worthwhile. Even more strange, is that his initial message seems to be responding to a point where I said that I would be interested in shorting Tether, but in reviewing my tweets I cannot seem to determine a single time that I have ever done that.
Zooming out from the batshit absurdity of this moment we are left wondering, what in the world motivated Brock to think this was a good idea? Who decides that the solution to the problems of the beleaguered asset of their own creation is more people shorting it? Who decides that the best person you should contact out of the blue is a college student who angrily yells at you on Twitter? Who decides to spontaneously ‘run’ for president? Who decides to promise to donate more money than they have ever had? Who decides it’s a good idea to hang out in a house filled with child pornography with a fugitive from the law? The answer to all of these is Brock Pierce.
(Important note: Brock Pierce was released from custody without charges being filed after his arrest and the child sexual abuse lawsuits against him were dropped. However, it is true that Pierce did go to Spain with Marc Collins-Rector after his (Marc’s) indictment.)
To subscribe to my newsletter go to: https://bennettftomlin.substack.com/