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

    Hack Bitcoin? How are you going to hack Bitcoin? Please do tell us.

    Go and try and hack an exchange. Let us know when you are successful. LOL.
     
    #31     May 16, 2021
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  2. Specterx

    Specterx

    Many instant payment solutions are available, but there's no single universally interoperable system for cheap instant payments.

    The Fed is racing to correct this however and is supposed to launch "FedNow" to supplant FedWire in 2023.
     
    #32     May 16, 2021
  3. Why has this not moved the markets much or gain much media attention?

    Because unless you have been living under a rock since last year, the misrepresentation of Tether and other iFinex scandals have been WELL KNOWN and thus are PRICED IN. Since none of this is NEW INFORMATION to the markets, the markets are NOT going to react to it.
     
    #33     May 16, 2021
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  4. RedDuke

    RedDuke

    it has not been priced in. Majority of people do not even know it exists and think that cryptos are like any other asset is traded in fiat.
     
    #34     May 16, 2021
  5. Butterfly

    Butterfly

    you haven't been following the news about hacked exchanges and disappearing bitcoins from customers :)
     
    #35     May 16, 2021
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  6. tsznecki

    tsznecki

    You didn't answer my questions. Why didn't you? I think it's because you know you can't answer them without sounding like your parents were related.

    There's a distinction between an exchange being hacked by external forces, and an internal fraud that needs no hacking. You would realize that if your mother and father weren't related.
     
    #36     May 16, 2021
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  7. Butterfly

    Butterfly

    LOL, another ET retard :)

    they can be hacked externally or internally, doesn't change the end results, the BTC are gone and the customers left with nothing

    how more retarded do you need to be to miss that? :)
     
    #37     May 16, 2021
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  8. tsznecki

    tsznecki

    Hold on, you couldn't answer my questions and I'm the retarded one?

    How do you hack internally? I think you would just withdraw the funds if you had access to them right? Where's the hack?

    Perhaps you should take some English as a Second Language classes after you buy some dog food for your mother?:rolleyes::rolleyes::rolleyes::rolleyes::rolleyes: #WoofWoof
     
    #38     May 16, 2021
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  9. Trader Curt

    Trader Curt

    Get em!!
     
    #39     May 16, 2021
    johnarb likes this.
  10. Ummm, so in other words, YOU have been living under a rock for many months. The Tether fraud has been broadcast all over media if you were to google it.

    And the majority of people buying into Bitcoin these days don't even know how the hell bitcoin even works, but they heard about it going to the moon on TV, so they want to get some while it's hot. Which generally is an utterly stupid reason for buying ANY investment... So with someone that stupid, of course, they don't know about Tether fraud... they don't even know WTF a stablecoin even is.
     
    #40     May 16, 2021
    DiceAreCast likes this.