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DAI is the most trustworthy stablecoin you can buy today but Bitcoin is nowhere close to free fall.

• jqpabc123 6y ago
  The flow of Tether into Bitcoin generally correlates to the rise in price... Tether is being used to manipulate bitcoin up and down. https://ag.ny.gov/press-release/2019/attorney-general-james-announces-court-order-against-crypto-currency-company https://ag.ny.gov/press-release/2019/attorney-general-james-... https://www.forbes.com/sites/robkniaz/2020/12/16/the-problem-with-bitcoin-at-20000/ https://www.forbes.com/sites/robkniaz/2020/12/16/the-problem...
  • qes 6y ago
    Researchers at UC Berkeley disagree https://voxeu.org/article/stable-coins-dont-inflate-crypto-markets https://voxeu.org/article/stable-coins-dont-inflate-crypto-m...
    • jqpabc123 6y ago
      Did these researchers review their financial records? I don't think so. If Tether is really backed as they claim, why not prove it to the AG of NY? Instead they delay and obscure as they mint tethers and inflate bitcoin. https://bitcoinwarrior.net/2021/01/deltecbank-reveals-huge-position-in-bitcoin-why-tether-might-be-in-trouble-again/ https://bitcoinwarrior.net/2021/01/deltecbank-reveals-huge-p...
      • biolurker1 6y ago
        They filed the docs already.
        • jqpabc123 6y ago
          No, they haven't. And their offshore bank has already admitted that reserves are invested in bitcoin. https://crypto-telegraphs.com/2021/01/20/bitfinex-claims-its-almost-finished-to-convert-documentation-into-nyag/ https://crypto-telegraphs.com/2021/01/20/bitfinex-claims-its... https://www.fxstreet.com/cryptocurrencies/news/tether-awaits-clarification-on-the-ongoing-case-against-the-new-york-attorney-general-202101152030 https://www.fxstreet.com/cryptocurrencies/news/tether-awaits...