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Topic: Who runs Tether? (Read 513 times)

full member
Activity: 363
Merit: 100
July 28, 2017, 03:41:51 AM
#11
Yes, it is run by Bitfinex.
legendary
Activity: 2632
Merit: 1212
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July 28, 2017, 02:39:05 AM
#10
Look at all of you. Coming to a forum online asking questions and throwing suspicions when a 5 seconds search on google asking "what is Tether USDT" and you will get simple answers. Stop spreading nonsense, I get so mad clicking threads and seeing ZERO good information.
full member
Activity: 236
Merit: 100
July 28, 2017, 02:28:35 AM
#9
What is this Tether at all?
full member
Activity: 126
Merit: 100
July 28, 2017, 01:35:33 AM
#8
I think not just a tether.
Coin others there are also like the tether that does not provide coin information
member
Activity: 67
Merit: 12
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July 28, 2017, 12:16:29 AM
#7
So the token issuance is not decentralized? Quite risky in this case.
hero member
Activity: 1610
Merit: 507
July 27, 2017, 11:52:33 PM
#6
i don't know who is behind the tether because i am not trying to deposit or withdraw tether. i only know that tether can be used to buy altcoin in usdt trade and to buy and sell bitcoin too of course. i see there is a withdraw option in tether but i am not yet trying because the fee is too expensive. in poloniex, the fee is about $2 (if i am not wrong) and in bittrex the fee is about $5 (if i am not wrong).

for that fee, i'd rather to used usdt for buying altcoin and selling in the right price that i want.
legendary
Activity: 1190
Merit: 1000
July 27, 2017, 10:01:47 PM
#5
If you think that's a red flag then back your bags and run for the hills.  There are many backroom deals and partnerships that the public doesn't know about so if that were true, I wouldn't be surprised.   Sad

I'm not even sure I understand it, but I'm now guessing that.

1) Tether is a blockchain (?)
2) Someone must be securing it....but how?
3) Any exchange that uses Tether is backing it on that exchange??

member
Activity: 142
Merit: 10
July 27, 2017, 09:56:39 PM
#4
If you think that's a red flag then back your bags and run for the hills.  There are many backroom deals and partnerships that the public doesn't know about so if that were true, I wouldn't be surprised.   Sad
legendary
Activity: 1190
Merit: 1000
July 27, 2017, 09:52:19 PM
#3
I am not sure if this is correct but I reckon Bitfinex is the backer of Tether. If you have tether-fiat then Bitfinex the exchange has the responsibility to convert them to real fiat if you choose to. Whether they really hold all the fiat to support all tether-fiat is wholly another topic.


So do you likewise think Poloniex is the backer of Tether traded on Poloniex?

I don't use Bitfinex much. Is their USD/BTC market done via the Tether blockchain too?
legendary
Activity: 2926
Merit: 1440
July 27, 2017, 09:04:34 PM
#2
I am not sure if this is correct but I reckon Bitfinex is the backer of Tether. If you have tether-fiat then Bitfinex the exchange has the responsibility to convert them to real fiat if you choose to. Whether they really hold all the fiat to support all tether-fiat is wholly another topic.

legendary
Activity: 1190
Merit: 1000
July 27, 2017, 08:28:13 PM
#1
Tether is listed on Poloniex, so I presume Poloniex would have done some due diligence, but when i look at the Tether website, there is no information about who runs it or where they bank.

Who are they?

https://wallet.tether.to/transparency

They claim to be transparent but there is no transparency at all. None
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