Author

Topic: Let's face it: The World most powerful CryptoCapitalists are the Tether founders (Read 222 times)

sr. member
Activity: 1470
Merit: 325
tether has massive influence on bitcoin price, and can even fake it, without society knowing, tether has higher power to push the ponzi scheme around top 10 cryptocurrencies.

regards
hero member
Activity: 980
Merit: 507
The decentralization of Bitcoin and non-licensed exchanges like Bitfinex, Binance is far better. The community needs these, but doesn't need backing on illusion. Decentralized, non-licensed, cryptocapitalists, part of the game. USDT rather than USD, easy, convertibility, audit is just a hover in the air. Let the song last forever.
You may like that but tether is not the best option. The only reason I hate them is because of them being super shady. I saw that there is now an alternative to tether,and exchanges are listing it. Its called TrueUSD. What it is: https://cryptovest.com/news/true-usd-whats-good-to-know-about-the-new-fixed-price-token-project/

Tether has managed to do a lot of shit,printing out of thin air and what not,but it needs to stop now.
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
Tether may be the most stable of the currencies, always maintaining their dollar parity value.

Is it really the most powerful? I think you have to look into Tether a bit more to understand that you may not want to put all your eggs into that basket. Also, why would you want to hold something that's only going to devalue over time? It's meant to be used as a transition currency, not really a hold. If you REALLY want to hold Tether, then just buy some USD.

People do use tether as a transition currency, but the question is for how long? If you plan to use it as a transition currency for more than a couple of months, then you are treating it as a store of value. There may be no reason to hold tether (except for anonymity, avoiding tax authorities, etc.) Tether is really Bitcoin's achille's heel.
sr. member
Activity: 1470
Merit: 325
USD>USDT Guaranteed
USDT>USD is NOT Guaranteed

Boggy from my left nostril is pegged to the $USD at 1:1 so they much be worth $1 each
but please note that I do not accept returns and don't let speak about USDT being used to
prime BTC price during the pump-en-dump when you can watch the movie.
https://www.youtube.com/watch?v=MwKYbT9MoPE


 

that depends weather the americans will shift their trust from the federal reserve/parliament regulated financial system and their wasteful burocratic banks, to the tether founders,

but i doubt the tether founders will become the new monarchs of the united states,

i even think tether is a startup that can ultimately destroy the united states as we know it.

according to interest based game theory countless small startups will try to create a tether clone as its the most save businessidea, with the lowest personal risk, and the lowest required initial capital.

with every american beeing able to print us dollar, the us dollar might become as inflationary as the simbabwe dollar.
member
Activity: 210
Merit: 26
High fees = low BTC price
USD>USDT Guaranteed
USDT>USD is NOT Guaranteed

Boggy from my left nostril is pegged to the $USD at 1:1 so they much be worth $1 each
but please note that I do not accept returns and don't let speak about USDT being used to
prime BTC price during the pump-en-dump when you can watch the movie.
https://www.youtube.com/watch?v=MwKYbT9MoPE


 
sr. member
Activity: 1470
Merit: 325
no one has such a huge influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

they are even more powerful than so called "institutional" investors like the rockefellers, rothshilds, or soros as they have an image to defend, tether can obviously act as it wants.

this will continue till the us dollar loses trust of its main creditors

-> germany,japan,china the worlds biggest exporters, neglecting the us dollar trade deficit.

when the banks there change mood, things will change for tether

Thank you for the Merit.

This is a very interesting perspective which I haven't put much thought into until now; I would Merit this post if I had any. The tether crew has an undeniable hold on the cryptocurrency space. Just look at the Bitcoin price history and the tether printing history. I do see the U.S Shutting down tether in some way. Tether in a sense has become a secondary federal reserve. Able to print money whenever they please and as many as they would like, should be interesting to see how that CFTC probe turns out.

tether basically founded a fiat bank in the usa without an extremly complicated license, if americans find out how easy it is to obtain financial freedom by founding a tetherclone, there will be a new rality in the united states which is:

everyone is a Billionaire.
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
no one has such a huge influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

they are even more powerful than so called "institutional" investors like the rockefellers, rothshilds, or soros as they have an image to defend, tether can obviously act as it wants.

this will continue till the us dollar loses trust of its main creditors

-> germany,japan,china the worlds biggest exporters, neglecting the us dollar trade deficit.

when the banks there change mood, things will change for tether

Thank you for the Merit.

This is a very interesting perspective which I haven't put much thought into until now; I would Merit this post if I had any. The tether crew has an undeniable hold on the cryptocurrency space. Just look at the Bitcoin price history and the tether printing history. I do see the U.S Shutting down tether in some way. Tether in a sense has become a secondary federal reserve. Able to print money whenever they please and as many as they would like, should be interesting to see how that CFTC probe turns out.
sr. member
Activity: 1470
Merit: 325
no one has such a huge influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

they are even more powerful than so called "institutional" investors like the rockefellers, rothshilds, or soros as they have an image to defend, tether can obviously act as it wants.

this will continue till the us dollar loses trust of its main creditors

-> germany,japan,china the worlds biggest exporters, neglecting the us dollar trade deficit.

when the banks there change mood, things will change for tether

Thank you for the Merit.

The creators of Tethers have really made a good profit since when you deposit US dollars into their account they will give you tether dollar to your balance. This is a good innovation and good innovation really means good profit. The exchange said that 1 tether is equivalent to 1 dollar this means that the more tether you have in you account the more wealthy they are.

the profits tether made are insignificant compared with the trust the people put in them giving them such a huge power and influence on the market maybe i should write a blog article about that.
hero member
Activity: 994
Merit: 544
no one has such a huge influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

they are even more powerful than so called "institutional" investors like the rockefellers, rothshilds, or soros as they have an image to defend, tether can obviously act as it wants.

this will continue till the us dollar loses trust of its main creditors

-> germany,japan,china the worlds biggest exporters, neglecting the us dollar trade deficit.

when the banks there change mood, things will change for tether

Thank you for the Merit.

The creators of Tethers have really made a good profit since when you deposit US dollars into their account they will give you tether dollar to your balance. This is a good innovation and good innovation really means good profit. The exchange said that 1 tether is equivalent to 1 dollar this means that the more tether you have in you account the more wealthy they are.
sr. member
Activity: 1470
Merit: 325
no one has such a huge economiy influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

OP,don`t generalize and don`t talk that all the people trust tether.Which people trust tether?
I don`t trust it and I don`t believe all the hype that USDT is backed 100% by USD reserves.
Tether is just a Bitfinex tool and will always stay like this.
"you want to pump bitcoin go to them" What kind of a statement is this?
I don`t really know what exactly are you trying to say with this post,but BTC is going up and it doesn`t need the tether "capitalists".

i didnt generalised, i said people trust tether, or many people trust tether and the us dollar, which ultimately makes the tether founders and bitrex owners the current richest and most powerful cryptocapitalists.

we dont know how many cryptocurrencies are in the portfolio of the tetherfounders but they have a huge power over the market, people are not aware i am telling you, they are even more powerful on the market that vitalik buterin
hero member
Activity: 1834
Merit: 759
OP,don`t generalize and don`t talk that all the people trust tether.Which people trust tether?
I don`t trust it and I don`t believe all the hype that USDT is backed 100% by USD reserves.
Tether is just a Bitfinex tool and will always stay like this.
"you want to pump bitcoin go to them" What kind of a statement is this?
I don`t really know what exactly are you trying to say with this post,but BTC is going up and it doesn`t need the tether "capitalists".

I think he's basically saying that the Tether founders can inflate Bitcoin's value should they want to. I can't tell if he's being sarcastic about asking them for help though lol.

But yeah, them pumping Bitcoin would only make the blowback worse once Tether inevitably collapses, so no thank you.
hero member
Activity: 3150
Merit: 937
no one has such a huge economiy influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

OP,don`t generalize and don`t talk that all the people trust tether.Which people trust tether?
I don`t trust it and I don`t believe all the hype that USDT is backed 100% by USD reserves.
Tether is just a Bitfinex tool and will always stay like this.
"you want to pump bitcoin go to them" What kind of a statement is this?
I don`t really know what exactly are you trying to say with this post,but BTC is going up and it doesn`t need the tether "capitalists".
legendary
Activity: 1470
Merit: 1079
Tether may be the most stable of the currencies, always maintaining their dollar parity value.

Is it really the most powerful? I think you have to look into Tether a bit more to understand that you may not want to put all your eggs into that basket. Also, why would you want to hold something that's only going to devalue over time? It's meant to be used as a transition currency, not really a hold. If you REALLY want to hold Tether, then just buy some USD.

+1 OP

The decentralization of Bitcoin and non-licensed exchanges like Bitfinex, Binance is far better. The community needs these, but doesn't need backing on illusion. Decentralized, non-licensed, cryptocapitalists, part of the game. USDT rather than USD, easy, convertibility, audit is just a hover in the air. Let the song last forever.
newbie
Activity: 9
Merit: 0
Tether may be the most stable of the currencies, always maintaining their dollar parity value.

So, I don't think he really means the currency itself, but rather the founders, yeah? You're saying they're holding onto a goldmine because all other currencies are volatile af, while Tether stands its ground. ALL done with no backing and simply a promise that they hold a dollar for every Tether issued.

I always thought Tether was a scam. But tbh, all those scam ICOs left a lot of disgruntled investors but they also left a few rich "cryptocapitalists", so I would say technically, you're not wrong.
newbie
Activity: 25
Merit: 0
Tether may be the most stable of the currencies, always maintaining their dollar parity value.

Is it really the most powerful? I think you have to look into Tether a bit more to understand that you may not want to put all your eggs into that basket. Also, why would you want to hold something that's only going to devalue over time? It's meant to be used as a transition currency, not really a hold. If you REALLY want to hold Tether, then just buy some USD.
sr. member
Activity: 1470
Merit: 325
no one has such a huge influence over the value of cryptocurrencies like the tether founders, people still trust tethercoins like they are actual us dollars.

and tether has bought many altcoins as with tethercoins into their secret reserve portfolio, in order to hedge their postion

if someone truly can upvalue your beloved bitcoin then its the tether founders/owners.

you want to pump bitcoin go to them

they are currently the worlds most powerful cryptocapitalists.

they are even more powerful than so called "institutional" investors like the rockefellers, rothshilds, or soros as they have an image to defend, tether can obviously act as it wants.

this will continue till the us dollar loses trust of its main creditors

-> germany,japan,china the worlds biggest exporters, neglecting the us dollar trade deficit.

when the banks there change mood, things will change for tether

Thank you for the Merit.
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