It is official Tether is a fraud

[ScroogeMcDuck]

If anyone really thinks tether is a fraud, have fun shorting it against USD in a speculative attack.

But it's not a fraud. The OP is just a retarded misinterpretation of Tether's financial statements.

Also, nobody is printing tethers out of thin air to pump bitcoin. Whenever people want to move their USD from one exchange to another, it gets converted to a stablecoin, because that's faster and cheaper and less regulated than a wire transfer

 

[ChipShotTrader]

Yeah, happiness for beginners lol. Seems the marketing and grease of his bankers really work on him, ha. Some people fall for every freebie

Check Mate, motherfucker

 

[KINGOFSHORTS]

If anyone really thinks tether is a fraud, have fun shorting it against USD in a speculative attack.

But it's not a fraud. The OP is just a retarded misinterpretation of Tether's financial statements.

Also, nobody is printing tethers out of thin air to pump bitcoin. Whenever people want to move their USD from one exchange to another, it gets converted to a stablecoin, because that's faster and cheaper and less regulated than a wire transfer

1 tether only has 3 cents USD and the rest filler. It is a fraud because they claimed that every tether was backed by 1 dollar. That is not the case, they lied 1 tether is backed by 3 cents USD.

how can they claim its a stable coin backed by a dollar when its just backed by 3 pennies and a shit load of opaque loans, commercial paper backed by who knows what.

tether is not a stable coin since theoretically it could drop to .03 tether if these Loans fail.

whats funny is all it takes is a guy to key up how many tethers to print.

https://www.ccn.com/tether-print-5-billion-crypto-error/

 

[ChipShotTrader]

Congrats. No I can not. I do not have f u money yet.

"YET" 16 years? Sorry to burst your bubble, but it's NOT (well, more like NEVER) going to happen for you, dude...

You mentioned: "you just made my laugh. Chef, top floor and good looking waitress is true happiness. Dude this is beyond funny"

DUDE, your 16 year ride into nowhere IS beyond funny (you just made "my" laugh).

It's actually very SAD...

 

[clockwork71]

That is the right attitude. What you seem to forget though, that the cultist try to justify their position FUNDAMENTALLY. Well, fundamentally the product is dogshit ponzi, but as long as you trade it well, I am happy for you.

Just don't cry when the bottom falls out because ot Tether. And we got back to the original topic, is Tether's financial standing important or not??

It is not, until suddenly it is.

Although not a cryptocultist, I have to play Devil's advocate here and say that you could make the same argument about a ton of stocks.

Tesla anyone?

 

[RedDuke]

"YET" 16 years? Sorry to burst your bubble, but it's NOT (well, more like NEVER) going to happen for you, dude...

You mentioned: "you just made my laugh. Chef, top floor and good looking waitress is true happiness. Dude this is beyond funny"

DUDE, your 16 year ride into nowhere IS beyond funny (you just made "my" laugh).

It's actually very SAD...

View attachment 258983

not as sad as you thinking that being taken out for a fancy dinner is true happiness. I am well off, just not at level where I have f u money.

 

[RedDuke]

Although not a cryptocultist, I have to play Devil's advocate here and say that you could make the same argument about a ton of stocks.

Tesla anyone?

tesla is a company with a real product. That being said, current price is insane. Was even more insane at 900 (which is really 4,500 before the split).

 

[clockwork71]

tesla is a company with a real product. That being said, current price is insane. Was even more insane at 900 (which is really 4,500 before the split).

No, I get that. But its a cult as well.

I am thinking we are closer to a correction (in everything) than people think. Until, play the game that's in front of you.

 

[ChipShotTrader]

not as sad as you thinking that being taken out for a fancy dinner is true happiness. I am well off, just not at level where I have f u money.

The true happiness came from succeeding, and having that bank account. I was so focused (obsessed) on work, I never had time to realize it. The dinner inside the bank, at their private restaurant, simply served as a sign. I could focus on other things, and enjoy life...

Quite FAR from sad...

Fucking Awesome. But I know you cannot relate...

 

[DiceAreCast]

OMG, sounds like you had ONE decent dinner in your life. Still obsessing over a private restaurant. Can you send us the address of those bankers so we can send them a thank you card that they made your day. True happiness does not come from any bank account whatsoever. I won't further explain because you won't understand anyway. There are tons of private restaurants and clubs in Tokyo and Kyoto and I was taken along by some very good friends multiple times. Michelin begged them to rate them and they by majority refused even though it would have meant more business for them. That must be some conjecture you can't fathom even if you try hard because for you more money means always better and more happiness. It does not. Most who came to money quickly won't ever understand it because all they know is how it felt being poor. Despite your many fantasy stories of wealth you seem to belong exactly to that group.

Before you told @RedDuke multiple times you are sure he can relate, now you are sure he can't relate. You are a moron who manages to contradict himself from one page to another.

The true happiness came from succeeding, and having that bank account. I was so focused (obsessed) on work, I never had time to realize it. The dinner inside the bank, at their private restaurant, simply served as a sign. I could focus on other things, and enjoy life...

Quite FAR from sad...

Fucking Awesome. But I know you cannot relate...