
The Tether Situation w/ Bennett Tomlin (Part 1) – When The Music Stops
In part one of a two part episode, Bennett Tomlin discusses the legal issues, liquidity problems and spotty history surrounding Tether.
Tether is the largest stable coin in the cryptocurrency space, with more than 60 billion USD equivalent in circulation. It acts as the the shadow bank for a majority of exchanges worldwide, exchanges like Binance and Bitfinex. In 2014 Tether made a promise that each unit of Tether would be 1-to-1 backed by a real dollar. Since then, a lot has changed.
Check out Bennett's work on his blog:
https://bennettftomlin.com/
Find him and his partner in crime on twitter:
@BennettTomlin
@CasPiancey
@CryptoCriticPod
Their latest show on Tether and other scams:
https://cryptocriticscorner.com/
Want to come on the podcast? Reach out to me at aviv@blacktieconsultants.com
Special thanks to the r/buttcoin community for encouraging skeptical inquiry.
And special thanks to @Bitfinexed
Upcoming podcasts:
David Gerard
MicroStrategy Inquiries
And more!
—
Send in a voice message: https://anchor.fm/when-the-music-stops/message

The Tether Situation w/ Bennett Tomlin (Part 2) – When The Music Stops
Continuing on the discussion of systemic risks associated with Tether, Bennett describes additional risks in the broader cryptocurrency space. He talks Binance as well as MakerDao & Dai. For those who don't know, Dai is a crypto-collateral stable coin which allows users to interact with smart-contracts on the Ethereum blockchain and take out loans (denominated in Dai) against their cryptocurrency. Bennett describes the contraversial and potentially dangerous move by the decentralized band of merry bankers to use a tether-like stable coin as collateral (USDC). We also discuss the nature of the bubble/ponzi that is the cryptocurrency space as it currently stands.
Check out Bennett's work on his blog:
https://bennettftomlin.com/
Find him and his partner in crime on twitter:
@BennettTomlin
@CasPiancey
@CryptoCriticPod
Their latest show on Tether and other scams:
https://cryptocriticscorner.com/
Want to come on the podcast? Reach out to me at aviv@blacktieconsultants.com
Special thanks to the r/buttcoin community for encouraging skeptical inquiry.
And special thanks to @Bitfinexed for positive direction and regular ideas.
Upcoming podcasts:
David Gerard
MicroStrategy Inquiries
And more!
—
Send in a voice message: https://anchor.fm/when-the-music-stops/message
I recently went on this new podcast to discuss Tether, systemic risks to crypto, and my overall thoughts on the industry as a whole. I really enjoyed this one and recommend you give it a listen.
Part 1:
Part 2:
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