6min chapter

Crypto Critics' Corner cover image

Justin Sun and TrueUSD... Again

Crypto Critics' Corner

CHAPTER

The Transparency of the Blockchain and Cryptocurrency

There are thousands of Bitcoin that are supposedly on the Tron network where no one can find the corresponding Bitcoins. The entity that's supposed to be custarding them and managing these swaps won't tell anyone where they're stored. This speaks to, this speaks to, there's this consistent narrative that the blockchain and cryptocurrency provides transparency because you can use breadcrumbs. It points towards kind of this pattern of what you're talking about, claiming transparency, claiming this openness, people doing everything possible to try to obscure the true intention with true USD. That's obscuring the nature of the ownership, where the collateral is stored, how it's stored, and what that means.

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