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they are 300 billion Godzilla, why they need 10 billion gorilla????

You ignoring the facts. just google about USDT it is all there. They lied about it first being back by dollars, then by loans and at the end truth came out that they are backed by shit. ignoring facts to feel comfortable about a fantasy is a cult.

Non of people who behind it on this form, can ever answer me a simple question about USDT. It is absurd that I need to use my hard earned cash to buy Bitcoin, but BitFinex just creates tethers out of thin air and can used them to also buy Bitcoin. The idea about stable coins is that they are...

We are beyond any point of no return. Fiscal responsibility is dead. Now we print print, and we can, because we are world reserve currency. It might go on for decades more.

Why is it so hard to understand that true value of asset is derived from price discovery. In order for price discovery to work it needs to be traded with real money. I have to use real money to buy it, but BitFinex just creates Tethers out of thin air, and also can buy it. Why you do not see an...

The idea is not a scam, the implemention is. I said it here many times, if everyone had to deposit real cash to buy it, it would be a real asset. But when I have to deposit cash, but BitFinex just creates tethers out of thin air and uses them to buy it as well, it is scam.

It is the end result that counts. For us c# can do anything from automation and backtesting perspective that we require

Why? USDT is a total scam backed by nothing but thin air? BUSD is even more legit.

some do to have it just in case. FOMO. In many parts of the world this is the only game in town. And people hope it is real deal, since barrier of entry so easy.

I have seen and played with it a while back. Retail has to need or use for it. It is the quality of data, the speed of info getting there, overall acceptance and the breadth of markers.

Indeed good luck. We all have our biases and opinions and trade/invest based on them. I only algo trade statistically proven models, on established instruments.

Exactly, then real price discovery can happen. But FOMO is strong and people invest. If all “stable” shit is removed it most likely would plummet hard.

security is one thing. No need to worry about “exchange” announcing shit being “stolen”.

the interesting fact is BUSD is being auditors by Withum, seems like a very reputable auditor. Then again who is to say these millions can not disappear at moment notice. https://www.paxos.com/attestations/

That is how it should work. In reality USDT is just being created with no oversight and backed by nothing. BUSD is at least being audited once a month by a reputable firm. At least this is what they claim at Binanace.

Orbit good luck, hope I would be proven wrong. Too many small investors put their hard earned money into Cryptos. Many do not even know about existence of “stable” aka con coins.

Wow, I knew it was bad, but 4.2 billion tethers printed last month is way beyond what I could imagine. Where did you see this info?

You are wrong, the title belongs to Jim Simons.

makes sense. Exactly why I stay away from any of it.

Could be a charade to off load. No way someone who is so sophisticated as PTJ does not know the games played in BTC.