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Perhaps in the future, but I do not see it anywhere yet. After all between all programs was it not 10 trillion issued last year? It is just a staggering amount of money.

Obama left over 4 years ago, let it go. what is fascinating is the inflation does stay subdued for real necessary things like food. Did it just all into the market ?

It will end when it does, not a moment sooner :D

fiat only represents 20 percent of trading volume, 80 percent are tethers. gents looks like debate is useless. We will find out who is right or wrong in due time. We all have our beliefs and act according to them. I hope I am wrong, and all of you who hold it will keep increasing your wealth.

I sense a lot of resentment for a mere fact that I am pointing out the obvious. I understand that you guys want to believe that BTC is worth 50k and a lot more, and just turn the blind eyes on anything that contradicts it. once again the only time when we will know the real BTC price is when...

Yep just saw it as well. Means nothing of course. If tethers are shut down for good, then we will know BTC real price.

i read about how it was stopped, but what triggered it ? Depeg from gold ?

Great question. Curious as well

the fact is that no one has any idea if Tethers are backed by anything. We just supposed to trust them. This is a fact.

not sure what more facts you want: 1) it is a fact tethers were created to represent 1 usd (in the bank of Tether Ltd) for every USDT issues. This was proven false 2) tethers are being issued with no control and a claim that they are backed by some assortment of Loans. Sound very shady to...

they just kicking the can down the road. As long as dollar is world reserve currency with no alternative, they think trillions would not matter.

And those audits are where and done by whom ?

thanks for sharing this. The lawsuit was about that 800 million loss. How does it address concerns of what is Tether backed by.

Wrong. Top managers at Bear and Lehman had billions dollar stakes in their companies, and lost vast majority of their wealth when these firms went under. another example is how many very smart people invested with Madoff. best of luck to you!

look at data. Tethers represent 80 percent of Bitcoin trading volume and issued with 0 proof that they are backed by anything. These are the facts.

AIG had a huge skin in the game, and that did not prevent them from issuing all that shit. Do the names Bear Sterns and Lehman Brothers ring any bell??? Top guys there lost billions

I would trust big 4 audit. We not talking about using or not using tethers here, we talking about BitFinex issuing tethers out of thin air and using them to bid up BTC. Just look at data, 80% of BTC trading volume come from tethers and only 20 from real dollars.

how about Fed Chatman saying he sees no issues with mortgage market prior to 2008 crash. All those AAA MBS looked rock solid, until fraud was unveiled. And they were issued by very reputable firms. Imagine the shit that is currently going in BitFinex coffers. They literally siphoning real...

And no audit was ever performed even once why? And the only time auditors that were hired, we’re dismissed with comments that they do not understand the business model why? Original promise 1 usd to 1 usdt. This no longer even being spit out. Now it is some shady loans and etc.

I am not a permanent bear, I am not even a bear. Just certain things got so out of whack that day of reckoning is coming sooner rather than later.