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Topic: Tether scam (Read 259 times)

hero member
Activity: 1414
Merit: 516
July 17, 2019, 10:03:35 AM
#27
So again tether problem, i think this should be clarified so not happen on future and if there is manipulation because of tether then there should be checked deeper and governments ban it if is not backed up.
legendary
Activity: 1386
Merit: 1027
Dump it!!!
July 17, 2019, 09:50:09 AM
#22
29 July will know what is worth tether. Personally, I predict the problems of this stablecoin and the next market correction.

What is happening on the 29th of July?

Are they actually going to present a genuine audit for the first time in history? I'll stick with Circle Coin or TrueUSD.
full member
Activity: 532
Merit: 102
July 17, 2019, 09:48:32 AM
#21
29 July will know what is worth tether. Personally, I predict the problems of this stablecoin and the next market correction.
member
Activity: 1274
Merit: 12
July 17, 2019, 09:31:48 AM
#20
I'm not sure if Tether is a cheater. even Tether is one of the most expensive altcoins and has a top 10 ranking on the coinmarketcap list. When compared with ETH prices, tether coins are very expensive.
full member
Activity: 588
Merit: 100
July 17, 2019, 09:29:26 AM
#19
Tron is going to airdrop Tether. For every 1000 USDT on TRON network you will get 2.74USDT. Great offer, even bank will never give you more after a year of having money on the bank account.
legendary
Activity: 1386
Merit: 1027
Dump it!!!
July 17, 2019, 09:23:32 AM
#18
And yet USDT still remains the most popular stablecoin, despite being secretly involved in the Bitfinex controversy, despite being shown to be only 70% backed with fiat, despite being linked to the 2018 dump, despite having no third party audits of its reserves.

I'll pass on USDT.
member
Activity: 637
Merit: 11
July 17, 2019, 09:03:14 AM
#17
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?

That was a mistake and corrected. I don't think that would have any effect on the price of the coin as it's a stable coin and backed by real USD.
There were worse time than this for Tether bet they came along and so would they this time.
I am a doctor. There are systems in real wourld to prevent such "mistake". And if they not exits, its not scam but just rediculous.
Maybe someone can light me up how they "create" coins and how it its technical mean. And then maybe I get another point of view.

But creating and burnin coins whenever I want smells really like scam.
hero member
Activity: 3010
Merit: 524
Leading Crypto Sports Betting & Casino Platform
July 16, 2019, 07:17:41 PM
#16
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?
They have burned all of them and the team takes 50 millions USDT and distribute it to the big market. Tether is a scam coin and the possibility of dev to create billion token has proven if thether is a scam for me.
The price is not yet dumped. There's a chance.
member
Activity: 753
Merit: 15
mulierum.com
July 16, 2019, 07:16:23 PM
#15
Is there evidence about this accusation? Related links? We should provide more convincing information by providing a variety of valid evidence so that these allegations are not just personal opinions. Because there are still many people out there who believe in the Tether coin. It is wiser if we provide evidence and links to the allegations of the scam.
member
Activity: 644
Merit: 12
Alternative investment banking platform
July 16, 2019, 07:00:31 PM
#14
Everyone is mistaken, there is nothing unusual about it. You make absolutely unfounded conclusions that are not based on anything. Give adequate arguments that this is a fraud or this topic is useless

Yes, but it is worth understanding what responsibility lies on the Tether team. Just like to print 5 billion dollars? Heh, not bad. But I do not think that this is somehow connected with the market falling
sr. member
Activity: 1330
Merit: 256
July 16, 2019, 06:42:38 PM
#13
This coin is very bad for investment and trade.  there are many things Tether creates a bullish market or bearish market.  and tether always affects BTC and other altcoins.  September 2017 Tether launched a memorandum at the public accounting office.  and the essence of this memo is to explain that tether is backed by fiat dollar USD.  but Lewis Cohen (lawyer) the memo did not prove that tether was guaranteed backed by US dollars.  tether is a lot of scam.
sr. member
Activity: 1848
Merit: 298
Buzz App - Spin wheel, farm rewards
July 16, 2019, 05:52:53 PM
#12
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?

That was a mistake and corrected. I don't think that would have any effect on the price of the coin as it's a stable coin and backed by real USD.
There were worse time than this for Tether bet they came along and so would they this time.
jr. member
Activity: 420
Merit: 3
July 16, 2019, 05:41:19 PM
#11
Right from time, the activities of tether in the space has been suspicious. I think there was a time that alarm was raised over it and people were trying to dump it on others. Later on, it picked up and continue to be used.
There are other stable coins in the crypto space that can be used, but we should just limit their usage.
member
Activity: 630
Merit: 10
July 16, 2019, 05:39:33 PM
#10
Negative statements regarding the USDT are repeatedly heard, but I know only one thing that this coin presented to me endless possibilities so that my capital would remain at the same level, especially when the cryptocurrency market fell sharply.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
July 16, 2019, 05:18:54 PM
#9
I was looking for a reason on why the market is reacting like that today. And this should be one reason for that but it's not the sole of it. As told by seo, it's not a scam because it has been fixed already.

And I'm still surprised that there are still a lot of people that are buying this stable coin. I've never bought tether to save my portfolio to return to its fiat rate but don't forget that it's also the reason why we're able to reach all time high last 2017.
jr. member
Activity: 406
Merit: 1
July 16, 2019, 05:15:18 PM
#8
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?
This news is a very big time , the price of bitcoin did not react to this news , and in General I always used the usdt and everything with it was good , I do not think that this coin can happen
legendary
Activity: 3290
Merit: 3092
July 16, 2019, 04:38:29 PM
#7
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?

this is just the half of the story, the created tether was burned after the creation in two transactions, one of 4.5 Billions and another for 500 million, i will leave the link to both transactions here:

https://tronscan.org/#/transaction/a4886e9c1f919e3acb9053b9b05c9df68adc25e71ea3a5f91bb6cb382d208538
https://tronscan.org/#/transaction/3cf74a3a00a0b5e532bb107799a7f8e82fb400bc6fe5912122d405350494eb14

It was a big mistake, but already was fixed, so, not scam at all.
hero member
Activity: 2170
Merit: 528
July 16, 2019, 04:34:12 PM
#6
Next time you post about some news add a link so others can read it too.
Here it is for all those who don't know what the thread is about.
https://cointelegraph.com/news/tether-mistakenly-minted-5-billion-usdt-and-immediately-burned-them

USDt is a joke and it will bring more negativity to crypto industry.
hero member
Activity: 1582
Merit: 670
July 16, 2019, 04:21:45 PM
#5
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?

It's not nice that Tether's background isn't transparent. But that does not allow us to ignore the truth. Tether is an important factor for this market. We wouldn't be here without it. And let's not forget, that's the first of its kind!
member
Activity: 637
Merit: 11
July 16, 2019, 02:23:43 PM
#4
I just read that team around tether made a "mistake" and did generate and burned 5 billion USDT.

I think this made this huge price dump now.

Is there any chance to get rid of this stupid tether connection or the full coin?

its total scam op.

people should stay away from any crypto stable coins, and real stable coin work on code and not backed by anything.




Yes I know its scam but it manipulatas BTC. So its right here in BTC topic @indymoney
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