So it turns out Tether only holds 3% cash, the rest IOUs etc.

Discussion in 'Crypto Assets' started by KINGOFSHORTS, May 15, 2021.

  1. tsznecki

    tsznecki

    I see where you are going with this and no you aren't half as smart as you think you are.

    How many brain cells do you have to lack to not realize the dollar is already electric? Go read up on fractional reserve banking.

    Do you think your bank's ATM magically prints cash? LOL. #ThoseMassholes
     
    #21     May 16, 2021
  2. tsznecki

    tsznecki

    Can you prove Tethers were being used to buy BTC?
     
    #22     May 16, 2021
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  3. newwurldmn

    newwurldmn

    commercial paper is a form of a money market. its extremely short term duration debt (like 30 days). companies use it all the time to finance ongoing operations. with the exception of 2008, it almost never defaults.
     
    #23     May 16, 2021
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  4. SteveM

    SteveM

    Jesus....wasn't the whole godd**mned premise behind BTC being worth $50,000 the fact that it "it can't be devalued due to excess printing like central bank fiat currencies?"
     
    #24     May 16, 2021
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  5. Butterfly

    Butterfly

    and that it was ultra safe and couldn't be hacked LOL :)

    all you need is to hack all the exchange, problem solved LOL :)

    Bitcoins fools :)
     
    #25     May 16, 2021
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  6. so if the exchange employee hacks the Bitcoin?
     
    #26     May 16, 2021
  7. Sprout

    Sprout

    Ok, let us know when you will be your namesake on BTC.
     
    #27     May 16, 2021
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  8. S2007S

    S2007S


    So with all this new wave of technology and the banks knowing allllllllllllllll about this new transfer of sending money to other entities with certain cryptocurrencies, how come the banks can't just create their own systems to do ach and other money transfers In seconds instead of days?
     
    #28     May 16, 2021
  9. Sprout

    Sprout

    Because it’s an entrenched ol boy network happy with biz as usual primed for disruption.
     
    #29     May 16, 2021
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  10. Trader Curt

    Trader Curt

    No I haven't. Just like I was never given any FIAT free of charge either, no...

    Yes that's correct, since there has never been another Bitcoin printed since it first started, yes...

    Because we're using Blockchain Technology :cool:
    For banks to use this technology the USD would have to be put on the blockchain. If our USD gets put on the blockchain not only would it make everyone's lives easier, but it would expose the corruption taking place by the government, since all transactions can be seen by everyone. Do you see where I'm going with this?
     
    #30     May 16, 2021
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