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Tether/Bitfinex has more than enough funds to back USDT, especially after the recent DOJ seizure. Would I hold funds in USDT myself? No, I learned my lesson af
by rosndo 5y ago
Tether/Bitfinex has more than enough funds to back USDT, especially after the recent DOJ seizure.
Would I hold funds in USDT myself? No, I learned my lesson after losing 50k with Liberty Reserve.
- jqpabc123 5y agoTether/Bitfinex has more than enough funds to back USDT And you know this how? Trust? Be honest. If the people running things used all the funds to buy a private island in the South Pacific, you wouldn't have any way to know.
- rosndo 5y agoI’m not sure what you are getting at. Who gives a shit about tether?
- jqpabc123 5y agoThis is the attitude that makes fraud so easy. This is like saying, who gives a shit if the NYSE is minting and selling stocks? Anyone with an IRA or a 401K should. Who gives a shit if Liberty Reserve was a money laundering operation? Maybe you should have. More than half of all crypto trades involve tether. The market prices of most crypto is being influenced by it whether you use it personally or not. If/when the price of Tether crumbles, most crypto will have no choice but to follow. https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/?sh=50d5b9aa451b https://www.forbes.com/sites/francescoppola/2019/03/14/tethe...