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Not bitcoin its valuation due to fake money aka tethers.

Amateurs, they should have just created a “stable” coin. :sneaky:

I doubt it. All is really needed to stop crypto in its current form is held Tether accountable for the biggest financial fraud the world have seen, and crypto will plummet and become irrelevant for some time. Therefore criminals will lose most of interest.

Did he tell Duffy that his state has electricity issues and its own grid :D

They claim that they have more T-bills than issued USDT. Should be a very simple audit. Everyone turns a blind eye because if USDT disappears, so will crypto market cap.

Forget about thousands. There were attempts to sell crypto punks for 10s of millions of real $. They of course generated 0 interest in real world. Beeple 60 mil sale was a fraud as everyone knows now. Just a wash trade.

Tethers too busy protecting crypto no ammo was left for NFT.

Pokemon cards among kids (parents pay) are huge and game is still awesome :D

Have you seen how many people run tether ??? It is a joke for 80 billion company. Founders are liars and fraudsters. No audits ever produced. Whole crypto valuations is based on this fraud. And yet you trust them????

so you trust your hard earned money to known liars and fraudsters who did not release a single audit over a decade of operations vs Chase or City Banks?

if Tether not stopped why not. They will print another 50-100 billion and wash trade it to any level.

yep very ironic that such a great concept turned into world biggest financial fraud.

even bucket shops back pre SEC dealt in real money. the world has never seen such enormous financial fraud, aka crypto valuation, in its entire history. The is first time ever where fake money (Tether) being treated the same as real money. remove fraud and crypto valuation will collapse to...

as far as I heard this opportunity is mostly gone. Johnarb might have more insight.

Exactly why I bought crypto. My bet is a bet that USDT does not implode. I do not think that chance is low. And btw an audit from BDO Italia that was promised over a year ago will satisfy most if not all. but Tether will never produce one because they have nothing to back billions they printed.

John its size is exactly why whole crypto market will blow up should Tether go under. For now music is playing and there are plenty of chairs. of course everyone wants in. This is the only example in world history where small groups of fraudsters essentially counter fitting money and no one...

you must have not read Bloomberg article. Commercial paper world is very small. Based on Tether size they would be among top holders in the entire world. Bloomberg called every major bank and non ever saw them trading even a single commercial paper. that is how their fraudulent claim about...

There lies the issue. If that is what they actually did, they would have no problem passing and audit. the fact is that there were caught lying of several occasions, including having commercial paper (just Google Bloomberg research on this topic) the reality is that they create USDT out of...

the difference is that bank run legit business where Tether is a fraud that never produced a single audit.

everyone turns blind eye because BTC got to 69k only due to fake trading, same for NFTs.