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I didn’t write that everything is fine and dandy with them. The world toolset doesn't function under a “your either with us or against us” mentality, it functi

I didn’t write that everything is fine and dandy with them. The world toolset doesn't function under a “your either with us or against us” mentality, it functions as a gradient. That gradient is that the NY AG case showed Tether was functioning properly until 2017/2018. If you were around crypto at that point in time, you would know that people would not have believed they had full reserves ever. Just reread what I wrote. You are deciding to see advocacy for Tether which is not what I wrote at all.

pas 6y ago
They haven't "functioned properly" because they promised audits, transparency/openness and independence, and none of that happened even back then. They then found out that they can keep up the empty promises and started dipping into the sauce, and now finally one investigation caught up with them. Your selective omissions imply advocacy - at least this is how it seems to me, and I'm not saying that's bad/good.
- vmception 6y ago
  Not everything needs a dissertation long disclaimer just so you can decide if you want to listen to me The accuracy of any statement can be weighed and discussed on its own merits
  - hitekker 6y ago
    You make multiple false, assertions in one comment, backtrack those assertions in other comments, and then pretend your position has remained unchanged the whole time. It comes across as dishonest and makes me, an outsider, wonder how much tether you own.
    - vmception 6y ago
      Thats because they aren't assertions, its called a conversation
      - hitekker 6y ago
        It's called lying, first to others and then to yourself.
bluecalm 6y ago
I am not sure how you interpret the AG report to think it shows they were functioning properly. They haven't shown proof of backing at any point. They have shown they had the money in the account at one point which is nowhere close to showing you have backing. Statement of balance is completely meaningless, especially when it comes from ac transfer done from your sister company like a day before. All the AG report shows is just more evidence it's one huge scam.

pas 6y ago

They haven't "functioned properly" because they promised audits, transparency/openness and independence, and none of that happened even back then. They then found out that they can keep up the empty promises and started dipping into the sauce, and now finally one investigation caught up with them. Your selective omissions imply advocacy - at least this is how it seems to me, and I'm not saying that's bad/good.

vmception 6y ago
Not everything needs a dissertation long disclaimer just so you can decide if you want to listen to me The accuracy of any statement can be weighed and discussed on its own merits
- hitekker 6y ago
  You make multiple false, assertions in one comment, backtrack those assertions in other comments, and then pretend your position has remained unchanged the whole time. It comes across as dishonest and makes me, an outsider, wonder how much tether you own.
  - vmception 6y ago
    Thats because they aren't assertions, its called a conversation
    - hitekker 6y ago
      It's called lying, first to others and then to yourself.

bluecalm 6y ago

I am not sure how you interpret the AG report to think it shows they were functioning properly. They haven't shown proof of backing at any point. They have shown they had the money in the account at one point which is nowhere close to showing you have backing. Statement of balance is completely meaningless, especially when it comes from ac transfer done from your sister company like a day before. All the AG report shows is just more evidence it's one huge scam.