It's just spontaneous, people will not behave like this because it's just the trick of a person who wants to be a swindler without any prospect!
Topic: Tether: not even a scam - page 4. (Read 31060 times)
Evidence of market manipulation on Kraken using Tether:
https://www.bloomberg.com/graphics/2018-tether-kraken-trades/
If Kraken is not involved (is there a relationship between bitfinex and kraken?), then it means that the manipulation is on both the buy and sell sides, presumably someone/a group is buying and selling to themselves.
https://www.bloomberg.com/graphics/2018-tether-kraken-trades/
If Kraken is not involved (is there a relationship between bitfinex and kraken?), then it means that the manipulation is on both the buy and sell sides, presumably someone/a group is buying and selling to themselves.
Hahaha, this is bullshit
Quote
Such mysteries are probably keeping big investors out of cryptocurrencies, he added. “Institutional investors, before they commit their capital, want to see the market is fair.”
The truth is they only invest in rigged markets that they are in on the rigging.
Evidence of market manipulation on Kraken using Tether:
https://www.bloomberg.com/graphics/2018-tether-kraken-trades/
If Kraken is not involved (is there a relationship between bitfinex and kraken?), then it means that the manipulation is on both the buy and sell sides, presumably someone/a group is buying and selling to themselves.
https://www.bloomberg.com/graphics/2018-tether-kraken-trades/
If Kraken is not involved (is there a relationship between bitfinex and kraken?), then it means that the manipulation is on both the buy and sell sides, presumably someone/a group is buying and selling to themselves.
tether and bitfinex is going to go down in flames and bitcoin will cross again underneath 1k. Its the same tale as with mt gox. this can no longer be happy ending its going to damage the rate of cryptos.
1k? I have not seen such a low prediction in a long time. But I think it is advisable to stay out of crypto until either this blows up, or (a long time down the road), tether's importance in the market is supplanted by other alternatives.
the most recent “audit” was provided by a law firm, with ties to the holdings of Tether through Noble bank, with ties to Mt. Gox class action lawsuit through Sunlot and are all connected to Brock Pierce, the founder of RealCoin, now known as Tether Limited. Furthermore, the audit wasn’t an actual audit, as the lawyers hired by Tether limited confirmed that this was not in fact, an actual financial audit. This just all seems very incestuous and crazy to me. https://whalereports.com/an-audit-untethered/
Great article. A key point from it, among many:
For me Tether seems like they are trying to create some kind of self-fulfilling prophecy, when they first issue USDT, bulk buy crypto and they dump it gradually conveting into real cash. If it turns out they don't really have that money, that is going to be a real shock for the whole market which will be extremely difficult to fully recover from.
That seems to be the scheme, but what is the logic? Do they just want to get their hands on bitcoin by using fake tethers to buy it, thus pawning those tether on other ppl, so that when it eventually collapses Tether the company will own a lot of bitcoin and the public will own a lot of worthless tether?
Or is the idea that they expect BTC to go up, so that they will sell the BTC at a higher price than they bought it, then re-buy tether, assuming that the demand for USDT will keep increasing indefinitely?
Tether is a good crypto since it is not volatile it is good place to hide your assets here because the value is same as a dollar. This could avoid large amount of tax if you convert those dollars into Tether.
How good is it going to be when it's banking accounts get seized again? Doing an aufit, even a fake one, exposes it's banls.
tether and bitfinex is going to go down in flames and bitcoin will cross again underneath 1k. Its the same tale as with mt gox. this can no longer be happy ending its going to damage the rate of cryptos.
they know not the fire they play with.
Not so good news, Tether Confirms Its Relationship With Auditor Has 'Dissolved'.
Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended.
Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended.
I see the price of tether is very stable, there is no significant increase and decrease, is this good? actually i do not know enough information about tehter
For me Tether seems like they are trying to create some kind of self-fulfilling prophecy, when they first issue USDT, bulk buy crypto and they dump it gradually conveting into real cash. If it turns out they don't really have that money, that is going to be a real shock for the whole market which will be extremely difficult to fully recover from.
tether and bitfinex is going to go down in flames and bitcoin will cross again underneath 1k. Its the same tale as with mt gox. this can no longer be happy ending its going to damage the rate of cryptos.
Another $250 million in tether issued. I cannot believe that it is legit, typically people do not enter the crypto market when the price is falling so much.
imma make my own tether omni token and then lambos will fall from the blue skyzzz*=) weeee
Tether is a good crypto since it is not volatile it is good place to hide your assets here because the value is same as a dollar. This could avoid large amount of tax if you convert those dollars into Tether.
the most recent “audit” was provided by a law firm, with ties to the holdings of Tether through Noble bank, with ties to Mt. Gox class action lawsuit through Sunlot and are all connected to Brock Pierce, the founder of RealCoin, now known as Tether Limited. Furthermore, the audit wasn’t an actual audit, as the lawyers hired by Tether limited confirmed that this was not in fact, an actual financial audit. This just all seems very incestuous and crazy to me. https://whalereports.com/an-audit-untethered/
https://www.coindesk.com/tether-review-claims-crypto-asset-fully-backed-theres-catch/
Tether claiming that an audit is not possible but that a law firm to look at the bank's balances is the next best thing. "The crypto market is too new..." These are just excuses. There is no reason an audit cannot be done. If all that was verified was the banks balance on a particular date, it is very possible that the company's cash is mixed in? Which means that the company basically has no cash, everything is in the form of USDT?
It's also been announced that the chief strategy officer is leaving.
Tether claiming that an audit is not possible but that a law firm to look at the bank's balances is the next best thing. "The crypto market is too new..." These are just excuses. There is no reason an audit cannot be done. If all that was verified was the banks balance on a particular date, it is very possible that the company's cash is mixed in? Which means that the company basically has no cash, everything is in the form of USDT?
It's also been announced that the chief strategy officer is leaving.
Another $250 million in tether issued. I cannot believe that it is legit, typically people do not enter the crypto market when the price is falling so much.
I`m confident that Tether will pump BTC on Bitfinex. Another $250 million? Heh, another $1 billion soon... New to the moon soon? Like 2017 winter maybe? I think it`s real now
Another $250 million in tether issued. I cannot believe that it is legit, typically people do not enter the crypto market when the price is falling so much.
I have a great idea for a business. I'll invite people to send me money. For every dollar they send me, I'll send them a receipt saying "Thanks for sending me your dollar. You can have your dollar back whenever you like subject to the following condition: you don't really have any right to have it back. And I promise I'll put it in my bank account and keep it there until I decide not to anymore." And people could use my thank-you notes as money!
Would this be a scam? No it wouldn't. A scam is, by definition, a deception; a scheme based on dishonesty and fraud, and I'm being completely candid about my intentions.
From the Tether FAQ:
And here are the terms of service as they relate to the redeemability of Tethers:
So Tethers are redeemable subject to the condition that they're not. No deception here. There is a fully transparent company for you.
Also from the terms of service:
This is obviously very well thought out! According to #4, if you "perceive" that Tethers are worth something, and they aren't, you have no recourse. Under #5, whatever it is that Tether does, if they suddenly stop doing it, you have no recourse. And under #7, if someone from Tether told you that Tethers are worth something, and they aren't -- no recourse. Unjust enrichment? No recourse!
If Tether management decides to close up shop tomorrow and leave with the all the money, it wouldn't violate the terms of service. It's all there in black and white - no deception there!
Could the fact that Tethers are trading somewhere close to par have anything to do with the fact that some people "perceive" (see 11.4 above) that Tethers have an intrinsic value or are redeemable? Could it have anything to do with the possibility that some people "perceive" that Tether's reserves are committed to redeeming Tethers or supporting the value of Tethers? If anyone "perceives" that, it's their own fault, not Tether's!
Here's my idea again. I'll invite people to send me money. For every dollar they send me, I'll send them a receipt saying "Thanks for sending me your dollar. You can have your dollar back whenever you like subject to the following condition: you don't really have any right to have it back. And I promise I'll put it in my bank account and keep it there until I decide not to anymore." And people could use my thank-you notes as money!
Maybe not. Nobody would do that. It would be stupid.
Would this be a scam? No it wouldn't. A scam is, by definition, a deception; a scheme based on dishonesty and fraud, and I'm being completely candid about my intentions.
From the Tether FAQ:
Quote from: https://tether.to/faq (fair use applies)
How do I know my Tether is secure?
Tether is built on top of the revolutionary and cryptographically secure open blockchain technology and adheres to strict security and global government laws and regulations.
All tethers are pegged at one-to-one with matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by actual assets in our reserve account. As a fully transparent company, we publish a real-time record of all value held and transferred in and out of our reserve account.
Tethers can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying asset) pursuant to Tether Limited’s terms of service.
Tether is built on top of the revolutionary and cryptographically secure open blockchain technology and adheres to strict security and global government laws and regulations.
All tethers are pegged at one-to-one with matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by actual assets in our reserve account. As a fully transparent company, we publish a real-time record of all value held and transferred in and out of our reserve account.
Tethers can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying asset) pursuant to Tether Limited’s terms of service.
And here are the terms of service as they relate to the redeemability of Tethers:
Quote from: https://tether.to/legal (fair use applies)
3. Purchase and Redemption of Tethers: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency.
There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.
There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.
So Tethers are redeemable subject to the condition that they're not. No deception here. There is a fully transparent company for you.
Also from the terms of service:
Quote from: https://tether.to/legal (fair use applies)
Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, we assume no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to:
1. these Terms of Service;
2. the Site, and your use of it;
3. the Services, and your use of any of them;
4. the real or perceived value of any Tethers or of digital tokens, money, or any other property used to purchase Tethers;
5. any failure, delay, malfunction, interruption, or decision by us in operating the Site or providing any Service;
6. any stolen, lost, or unauthorized use of your account information any breach of security or data breach related to your account information; or
7. any offer, representation, suggestion, statement, or claim made about us, the Site, or any Service by any Associate.
You hereby agree to release the Associates from liability for any and all Losses, and you shall indemnify and save and hold the Associates harmless from and against all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, or any other basis, even if the Associates have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.
1. these Terms of Service;
2. the Site, and your use of it;
3. the Services, and your use of any of them;
4. the real or perceived value of any Tethers or of digital tokens, money, or any other property used to purchase Tethers;
5. any failure, delay, malfunction, interruption, or decision by us in operating the Site or providing any Service;
6. any stolen, lost, or unauthorized use of your account information any breach of security or data breach related to your account information; or
7. any offer, representation, suggestion, statement, or claim made about us, the Site, or any Service by any Associate.
You hereby agree to release the Associates from liability for any and all Losses, and you shall indemnify and save and hold the Associates harmless from and against all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, or any other basis, even if the Associates have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.
This is obviously very well thought out! According to #4, if you "perceive" that Tethers are worth something, and they aren't, you have no recourse. Under #5, whatever it is that Tether does, if they suddenly stop doing it, you have no recourse. And under #7, if someone from Tether told you that Tethers are worth something, and they aren't -- no recourse. Unjust enrichment? No recourse!
If Tether management decides to close up shop tomorrow and leave with the all the money, it wouldn't violate the terms of service. It's all there in black and white - no deception there!
Could the fact that Tethers are trading somewhere close to par have anything to do with the fact that some people "perceive" (see 11.4 above) that Tethers have an intrinsic value or are redeemable? Could it have anything to do with the possibility that some people "perceive" that Tether's reserves are committed to redeeming Tethers or supporting the value of Tethers? If anyone "perceives" that, it's their own fault, not Tether's!
Here's my idea again. I'll invite people to send me money. For every dollar they send me, I'll send them a receipt saying "Thanks for sending me your dollar. You can have your dollar back whenever you like subject to the following condition: you don't really have any right to have it back. And I promise I'll put it in my bank account and keep it there until I decide not to anymore." And people could use my thank-you notes as money!
Maybe not. Nobody would do that. It would be stupid.
WHEN FAUCET? =) WEEEEE
I wonder if the last crash was caused by tether rapidly losing credibility, or if whales are using that as an excuse to drop the price themselves
Hello Tether believers,
Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.
It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Tether at: https://cointopper.com/coin/tether
Constructive criticisms are always welcome at CoinTopper. Thank you!!
Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.
It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Tether at: https://cointopper.com/coin/tether
Constructive criticisms are always welcome at CoinTopper. Thank you!!
I would be shocked if there is 1dollar for every tether issued I don’t think there is 1penny for every tether issued and within the near future this will come too light
I was shocked by the other information - Tether released over 250 million USTD tokens. The emission was made on May 18. I doubt very much that this currency is worth a dollar. Too strange for me. IMHO.
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