5 ms·
If $200M was printed today, then it likely doesn't exist. Hilarious that this is going on. At some point the music has to stop.
by bhouston 9y ago
If $200M was printed today, then it likely doesn't exist. Hilarious that this is going on.
At some point the music has to stop.
- deleted 9y ago[deleted]
- leetbulb 9y agoJust as reference as the comment here was deleted. Pretty important stuff. http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgW... https://i.imgur.com/BsPSZKO.png https://i.imgur.com/BsPSZKO.png
- bhouston 9y agoBasically I think the tether are fraudulent. I do not have proof but they likely are. What is the best way to make money on them? Can one short tether?
- 9500 9y agoIt is possible to short tether on kraken platform...
- jonknee 9y agoThough good luck getting paid when shit hits the fan, Kraken will go down along with Tether.
- ForHackernews 9y agoIf you're in the UK, try to find a bookie who'll take your bet.
- empath75 9y agoGood chance the interest rates will wipe you out before the price crashes.
- zhjansbnas 9y agoHow does the printed tether enter the market?
- jiggunjer 9y agoI'm guessing the company offers them on some exchange, maybe slightly discounted.
- andypants 9y agoBitfinex buys cryptos with them on their own exchange. They get free cryptos, and everybody else gets monopoly money in exchange. Tether is such a scam it's unbelievable.
- bhouston 9y agoBitfinex should then sell that crypto for real USD on other exchanges. They could make a killing and then somehow launder the money so that when the Tether scam is exposed, they are safe with real hard USDs.
- ForHackernews 9y agoThere's a twitter account that tracks the printing of new Tether: https://twitter.com/tetherprinter https://twitter.com/tetherprinter There was another $100m invented 11 hours ago, in addition to the $100m created on Monday.
- Nursie 9y agoJesus, they've printed 250 million of them in the last three days!
- jonknee 9y agoIt's hard to catch a falling knife!
- ForHackernews 9y agoAnother 100m right now. So 350m in 3 days?
- csomar 9y agoThey don't really "print" a $200million. Finex explanation is that when a user requests USDT they issue new USDT from their USD reserves.
- arethuza 9y agoYou really believe they added $200million to their USD reserves to cover the USDT? Edit: Where would they get that USD?
- Yizahi 9y agoWith a dump truck full of unmarked dollars in small denominations in some dark Bangkok alley, provided by generous institutional investor. Obviously.
- dudus 9y agoThey say it's their "institutional investors", they never release who these are (some people say it's Bitfinex themselves), they never release what bank they use or which country is the money deposited in. It's rotten to the core... The consensus is that they either don't have that money at all (most likely scenario) or that if they do it's all dirty money and they are operating a money laundry scheme....
- PeterisP 9y agoUnless they would prove to the public and/or competent regulatory authorities that they definitely have done that, they should be considered as "printing" this money. Proven reserves count, claimed reserves don't. If USDT is "covered" by reserves that are claimed but not verified, then USDT is not covered.
- ForHackernews 9y agoTether did a fake "audit" to show they were legitimate: https://medium.com/@bitfinexed/the-so-called-tether-audit-that-isnt-an-audit-at-all-5a40cfcc2a75 https://medium.com/@bitfinexed/the-so-called-tether-audit-th...