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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 se
by 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 agoWow, 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 agoYou 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 agoI 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 agoMore handwaving. Still no audits. Still got lies on their homepage. And seriously, are you twelve? You sound like it.
- dang 9y agoYou unfortunately have a long history of breaking the site guidelines. Would you please stop doing that? Posts to HN need to be civil and substantive regardless of how right you are or how wrong some other person is. We'd appreciate it if you'd (re-)read https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html and take the spirit of this site to heart when commenting.
- Nursie 9y agoWhile I appreciate what you're trying to do, on a day to day basis it often looks like that battle has been lost. I will consider myself reminded of the rules.