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RE: BREAKING NEWS: Bitconnect Is OVER 😰

in #crypto-news7 years ago (edited)

See ya later ponzi #923848!

Good riddance.

I wonder how many similar messages will go out to the numerous all too surprised, all too unaware users of platforms that lack true banking and fiat escape hatches. Exchanges are wary of US regulation, which is why Tether dropped support for US customers. They think (laughably so) that telling US customers to not use USDT will protect them, but the US proves rather stubborn when it comes to pursuing any entities that claim to be creating their own currencies, especially if those currencies are designed to fool people into thinking they're actual dollar pegs.

Protip guys, don't print something and call it the same three letter as the US dollar on your exchange.