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Having faced the wrath of a real name associated with comments on cryptocurrency and especially tether I'll happily wear the month old badge. It was implied to

Having faced the wrath of a real name associated with comments on cryptocurrency and especially tether I'll happily wear the month old badge. It was implied to not trust any comments including mine, account age doesnt seem to be a problem for such statements. Online sentiment is purchasable, many icos offer pay-per-comment schemes and unsuspecting people read enough sockpuppet comments eventually believing it as fact, this is not contained to cryptocurrency and I worry when it seriously spreads to more important parts of modern life. > provided no confidence to date that they’re solvent. Goldman Sachs just bought a good fraction of all tether in existence for hundreds of millions, does this not say something? Please check my other comment here for a proposition.

Nursie 9y ago
>> Goldman Sachs just bought a good fraction of all tether in existence for hundreds of millions, does this not say something? It still doesn't say 'audit', which is claimed right there on the tether homepage
- ShorsHammer 9y ago
  USDT is the equivalent of a bitcoin short, Tether the company is on the other end of that trade, look at a yearly chart and think about it, have often said a serious bitcoin correction is the real test of their financial management. That's now occured, it's clear they can handle the sort of % collapse that would decimate financial institutions approved by regulators (see Swiss currency movements bankrupting regulator approved companies far across the globe) They operate in a grey area of international law that often falls outside the world police grasp, this obviously upsets the world police. There's more to tether than meets the eye, one day it will be a study into online misinformation.
  - Nursie 9y ago
    Wow, the world police. I hate those guys. This is just more misdirection. Tether claim frequent audits yet have never had one. That's a straight up lie.
    - ShorsHammer 9y ago
      You claim misdirection yet haven't responded to a single one of my claims and raised the audit matter entirely seperately. Goldman Sachs just bought a company with $200m worth of Tether liabilities. I'm sensing some cognitive dissonance from the usual tether-doom crowd about that fact. https://wallet.tether.to/richlist https://wallet.tether.to/richlist
      - Nursie 9y ago
        >> You claim misdirection yet haven't responded to a single one of my claims and raised the audit matter entirely seperately. Nope, didn't. I said there were no audits, you did some handwaving, I repeated that there have been no audits. >> Goldman Sachs just bought a company No, they didn't. This is predictable and irritating. A startup which was already in the cryptocurrency space, in which Goldman had invested 50 million (alongside another 150 million from other parties), bought Poloniex. Goldman did not. Learn to actually read the news. Goldman do not fully or even 50% own Circle.
        ShorsHammer 9y ago
        I will bet you up to 20K USD that tether is solvent years from now. You determine the timeframe and conditions, more than happy to play this game. Step up mate. The offer was made, put your money where your mouth is. If you are so confident why not bet on it? we can make it cryptographically provable for all to see, why on earth would you not get involved in such a sure thing? Step back for a moment and look at what is happening with online commentary re: tether and ask yourself whether you are a victim of it.
        Nursie 9y ago
        More handwaving. Still no audits. Still got lies on their homepage. And seriously, are you twelve? You sound like it.
        dang 9y ago
sitepodmatt 9y ago
Goldman Sachs didn't buy anything. That's like saying I'm about to buy to Qualcomm because I own a few shares in Broadcom (or vice versa depending on who is buying who). The purchaser, Circle, didn't buy tether either, they are a custodian of various cryptocurrencies tokens on behalf of users, by your same logic GS just endorsed BitConnect (presuming it's still trading, but we can replace with any other shitcoin traded on the platform).
- ShorsHammer 9y ago
  > That's like saying I'm about to buy to Qualcomm because I own a few shares in Broadcom But that's exactly what you are about to do as part owner of Broadcom. I would certainly say that, this is how equity works. GS/Circle now have over $200M of Tether liabilities on their books. Now step back for a moment and ask yourself who has more grasp on the financials of the situation: The acquisitions team of a half billion dollar deal or a group of internet commentators?
  - deleted 9y ago
    [deleted]

Nursie 9y ago

>> Goldman Sachs just bought a good fraction of all tether in existence for hundreds of millions, does this not say something? It still doesn't say 'audit', which is claimed right there on the tether homepage

ShorsHammer 9y ago
USDT is the equivalent of a bitcoin short, Tether the company is on the other end of that trade, look at a yearly chart and think about it, have often said a serious bitcoin correction is the real test of their financial management. That's now occured, it's clear they can handle the sort of % collapse that would decimate financial institutions approved by regulators (see Swiss currency movements bankrupting regulator approved companies far across the globe) They operate in a grey area of international law that often falls outside the world police grasp, this obviously upsets the world police. There's more to tether than meets the eye, one day it will be a study into online misinformation.
- Nursie 9y ago
  Wow, the world police. I hate those guys. This is just more misdirection. Tether claim frequent audits yet have never had one. That's a straight up lie.
  - ShorsHammer 9y ago
    You claim misdirection yet haven't responded to a single one of my claims and raised the audit matter entirely seperately. Goldman Sachs just bought a company with $200m worth of Tether liabilities. I'm sensing some cognitive dissonance from the usual tether-doom crowd about that fact. https://wallet.tether.to/richlist https://wallet.tether.to/richlist
    - Nursie 9y ago
      >> You claim misdirection yet haven't responded to a single one of my claims and raised the audit matter entirely seperately. Nope, didn't. I said there were no audits, you did some handwaving, I repeated that there have been no audits. >> Goldman Sachs just bought a company No, they didn't. This is predictable and irritating. A startup which was already in the cryptocurrency space, in which Goldman had invested 50 million (alongside another 150 million from other parties), bought Poloniex. Goldman did not. Learn to actually read the news. Goldman do not fully or even 50% own Circle.
      - ShorsHammer 9y ago
        I will bet you up to 20K USD that tether is solvent years from now. You determine the timeframe and conditions, more than happy to play this game. Step up mate. The offer was made, put your money where your mouth is. If you are so confident why not bet on it? we can make it cryptographically provable for all to see, why on earth would you not get involved in such a sure thing? Step back for a moment and look at what is happening with online commentary re: tether and ask yourself whether you are a victim of it.
        Nursie 9y ago
        More handwaving. Still no audits. Still got lies on their homepage. And seriously, are you twelve? You sound like it.
        dang 9y ago

sitepodmatt 9y ago

Goldman Sachs didn't buy anything. That's like saying I'm about to buy to Qualcomm because I own a few shares in Broadcom (or vice versa depending on who is buying who). The purchaser, Circle, didn't buy tether either, they are a custodian of various cryptocurrencies tokens on behalf of users, by your same logic GS just endorsed BitConnect (presuming it's still trading, but we can replace with any other shitcoin traded on the platform).

ShorsHammer 9y ago
> That's like saying I'm about to buy to Qualcomm because I own a few shares in Broadcom But that's exactly what you are about to do as part owner of Broadcom. I would certainly say that, this is how equity works. GS/Circle now have over $200M of Tether liabilities on their books. Now step back for a moment and ask yourself who has more grasp on the financials of the situation: The acquisitions team of a half billion dollar deal or a group of internet commentators?
- deleted 9y ago
  [deleted]