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What an absolutely insane narrative from a new account. The entire crypto expansion directly correlates with Tether printing $40,000,0000,000 in assets. Tether

What an absolutely insane narrative from a new account. The entire crypto expansion directly correlates with Tether printing $40,000,0000,000 in assets. Tether is used to move funds to and from unlicensed off shore exchanges. That's it. That's what is popping. Do your research.

globalreset 4y ago
> The entire crypto expansion directly correlates Correlation does not ... > Do your research. Thousands of times this has been brought up and debunked. Tether is minted when there are new fiat deposits. It's the influx of fiat money that is creating new tether and raising crypt prices. That's how it is supposed to work. Nothing suspicious about it. Note: I have no idea if Tether had and/or still has all the assets backing all the minted Tether, and maybe it will collapse in 5 minutes so I'm not here to defend them, but before you tell other people to do their reserach, maybe you should do some yourself, and go with some more educated criticism.
- kanwisher 4y ago
  It hasn’t been debunked, if anything tether has been proven to be a scam by multiple usa government entities and having to pay fines explicitly that it’s a scam
- overtonwhy 4y ago
  Read it for yourself: https://www.cftc.gov/PressRoom/PressReleases/8450-21 https://www.cftc.gov/PressRoom/PressReleases/8450-21
  - globalreset 4y ago
    This has nothing to do with more tether being minted when crypto is going up. I am NOT claiming that Tether is some stellar and trustworthy company.
anm89 4y ago
Obnoxious, and most importantly incorrect. It is certainly not the case that the sole thing driving crypto prices is tether.
- valdiorn 4y ago
  But when tether goes up in smoke (or there's a perceived risk it's about to), there's a "bank run" on the exchanges, causing further disruption on tether, which is used as the go-between, fiat-equivalent by a whole lot of exchanges. Fear is what's driving this slump right now, and tether is a big part of it.

globalreset 4y ago

> The entire crypto expansion directly correlates Correlation does not ... > Do your research. Thousands of times this has been brought up and debunked. Tether is minted when there are new fiat deposits. It's the influx of fiat money that is creating new tether and raising crypt prices. That's how it is supposed to work. Nothing suspicious about it. Note: I have no idea if Tether had and/or still has all the assets backing all the minted Tether, and maybe it will collapse in 5 minutes so I'm not here to defend them, but before you tell other people to do their reserach, maybe you should do some yourself, and go with some more educated criticism.

kanwisher 4y ago
It hasn’t been debunked, if anything tether has been proven to be a scam by multiple usa government entities and having to pay fines explicitly that it’s a scam
overtonwhy 4y ago
Read it for yourself: https://www.cftc.gov/PressRoom/PressReleases/8450-21 https://www.cftc.gov/PressRoom/PressReleases/8450-21
- globalreset 4y ago
  This has nothing to do with more tether being minted when crypto is going up. I am NOT claiming that Tether is some stellar and trustworthy company.

anm89 4y ago

Obnoxious, and most importantly incorrect. It is certainly not the case that the sole thing driving crypto prices is tether.

valdiorn 4y ago
But when tether goes up in smoke (or there's a perceived risk it's about to), there's a "bank run" on the exchanges, causing further disruption on tether, which is used as the go-between, fiat-equivalent by a whole lot of exchanges. Fear is what's driving this slump right now, and tether is a big part of it.