Federal Investigators Probe Cryptocurrency Firm Tether

Discussion in 'Crypto Assets' started by Baron, Oct 26, 2024.

  1. Specterx

    Specterx

    Society’s problem used to be a lack of, or narrow distribution of information; these days it’s more that the huge tsunami of information at everyone’s fingertips, and most peoples’ inability to sort through it, tends to leave them completely befuddled at the bottom of some rabbit hole.
     
    #21     Oct 27, 2024
    EdgeHunter likes this.
  2. RedDuke

    RedDuke

    When Tether fraud will be bused it will be epic. And yes there is a chance it will not be. Tether is the world biggest financial fraud that ever existed. All other frauds , like south sea, Mississippi, tulip and alike are child’s play in comparison.
     
    #22     Oct 27, 2024
    orbit23 and EdgeHunter like this.
  3. NoahA

    NoahA

    I think Tesla is a bigger fraud!!! 800B vs. 120B.
     
    #23     Oct 27, 2024
    SunTrader likes this.
  4. RedDuke

    RedDuke

    Curious why do you think Tesla is a fraud?
     
    #24     Oct 27, 2024
  5. SunTrader

    SunTrader

    For starters they hold Bitcoin ya know? :)
     
    #25     Oct 27, 2024
    NoahA likes this.
  6. NoahA

    NoahA

    I don't believe that they will solve FSD in any time frame they suggest. Elon has been lying for 10 years. Having switched the entire system to AI has meant that they abandoned their old way to do it via coding everything. But so much of what I see these days is mistakes that simply cannot be overlooked. And because it's AI, they likely don't even know how to fix it because it's not like they are programming in hard rules.

    Without FSD, Elon has said that Tesla is essentially worthless. Now of course they are making it sound like the energy business is going to propel them forward along with those stupid robots that apparently everybody will want to own. It's obvious to me that they are trying to spin anything in order to keep the market cap high.

    Lastly, I do think there is a fair decent chance that there is some fraud in their financial numbers that will eventually be brought to light.

    I know Elon loves free speech and I support him for that, but it makes sense that he is attaching himself to Trump because he will need to be bailed out at a future date and so might as well go with the party that has the highest chance to win.
     
    #26     Oct 27, 2024
  7. NoahA

    NoahA

    The way I see FSD is the way I think about elevators. I don't ever get into an elevator and think I'm going to die. Every now and then people do get trapped and have to wait for the fire department to rescue them, but an elevator ride is one of the safest things you can do out there. FSD would need to be at this same level and that just isn't happening.

    All this talk about 100 km or 1000 miles between disengagements is bullshit. It's like saying that you should only expect the elevator to drop a few floors every 100 rides. Nobody would ever use an elevator.

    I just don't see any regulatory approval for FSD in many many years. Waymo has a system that runs much better because of all the technology and sensors but even then that is limited.

    Tesla even themselves admit that certain conditions are problematic like with a sun being low on the horizon. So how on earth is it is going to be fixed with a camera only model? Rain is also an issue as well and we can all appreciate how difficult it is to drive in these conditions when sometimes you can't even see the lines on the road. But as humans we have the ability to compensate for this. I don't think the AI will have this same ability.

    So there are many problems to overcome and in no way can they have these things driving around on the road themselves in a year.

    The pitch of everyone wanting to own a $30,000 cybercab that will make you money is exactly what Elon said in 2017 about the model 3. The fact that people are buying this bullshit again is honestly depressing. Is the general population of Tesla fanboys really that stupid?

    This recent jump based on a slight improvement in margins is an absolute joke and likely manipulated by the markets. It makes no difference in the whole grand scheme of things and even some reports that I saw with regards to how they achieved this result is all just financial engineering.
     
    #27     Oct 27, 2024
    SunTrader likes this.
  8. RedDuke

    RedDuke

    Very interesting take especially if numbers are cooked.
     
    #28     Oct 27, 2024
    NoahA likes this.
  9. SunTrader

    SunTrader

    That.

    How do margins rise as sales prices drop?

    Might be some real fireworks if Hindenburg Research drops a dime on them.
     
    #29     Oct 28, 2024
  10. dude is there any semblance of a statute of limitations on this extremely vague “tether is a the biggest financial fraud” theory??

    you have been saying it for at least 5 years, probably longer. Can you just keep saying this forever or at any point do you think maybe you are wrong?
     
    #30     Oct 28, 2024
    johnarb and Baron like this.