4 ms·

This totally explains it. Tether should have been on the same court as FTX.

Facemelters 3y ago
?
- redcobra762 3y ago
  Crypto bad, can’t you see? No need to justify claims when you’re bashing The Bad Thing.
  - kranke155 3y ago
    Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.
    - Jerrrry 3y ago
      It may be insolvent, and that may mean "scam" to you, but those words are different. Even if they claim full backing and don't, they have lied. Whether that is substantially and materially a sole qualifier in determining them a fraud and scam, is for the legal system, not an assortment of most vocal persons, to decide.
      - kranke155 3y ago
        An insolvent pseudo stablecoin that swears to be solvent (pinky finger) is the very definition of a scam.
        redcobra762 3y ago
        You beg the question by claiming it’s insolvent and calling it a “pseudo stablecoin”. So no, it’s not the “very definition” of a scam.
mteam88 3y ago
That is an unfounded assertion. SBF et al committed a crime and defrauded thousands. Tether is a profitable business cooperating with the US govt. Please don't dispense slanderous accusations unless you know what you are talking about.
- kranke155 3y ago
  You’re joking? Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.
  - mteam88 3y ago
    No? Tether is an insanely profitable company, they would be able to fill any hole in a few years purely from profit. That is besides the point though. There is no (literally 0) evidence that Tether is not solvent. Tether itself has been audited [0] and has hundreds of millions MORE reserves than USDT issued. Tether is the opposite of the fractional reserve banks in America. Tether is MORE solvent than major US banks (before federal bailouts.) > "Tether is a well known scam." Huh? Hundreds of thousands of real people use Tether to transact monthly. Seems pretty legit to me? I will concede that Tether has made some strange choices by choosing a smaller Italian firm to conduct their audits, but this is very different than a "well known scam." [0] https://tether.to/en/transparency/#reports https://tether.to/en/transparency/#reports P.S. if you want to discuss 1 on 1 my socials are in my bio
    - kranke155 3y ago
      https://protos.com/tether-transparency-a-lesson-in-lying/ https://protos.com/tether-transparency-a-lesson-in-lying/

redcobra762 3y ago
Crypto bad, can’t you see? No need to justify claims when you’re bashing The Bad Thing.
- kranke155 3y ago
  Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.
  - Jerrrry 3y ago
    It may be insolvent, and that may mean "scam" to you, but those words are different. Even if they claim full backing and don't, they have lied. Whether that is substantially and materially a sole qualifier in determining them a fraud and scam, is for the legal system, not an assortment of most vocal persons, to decide.
    - kranke155 3y ago
      An insolvent pseudo stablecoin that swears to be solvent (pinky finger) is the very definition of a scam.
      - redcobra762 3y ago
        You beg the question by claiming it’s insolvent and calling it a “pseudo stablecoin”. So no, it’s not the “very definition” of a scam.

That is an unfounded assertion. SBF et al committed a crime and defrauded thousands. Tether is a profitable business cooperating with the US govt. Please don't dispense slanderous accusations unless you know what you are talking about.

kranke155 3y ago
You’re joking? Tether is a well known scam. We have no idea that they have any backing for the amount of tokens they’ve issued and we have significant indications they don’t.
- mteam88 3y ago
  No? Tether is an insanely profitable company, they would be able to fill any hole in a few years purely from profit. That is besides the point though. There is no (literally 0) evidence that Tether is not solvent. Tether itself has been audited [0] and has hundreds of millions MORE reserves than USDT issued. Tether is the opposite of the fractional reserve banks in America. Tether is MORE solvent than major US banks (before federal bailouts.) > "Tether is a well known scam." Huh? Hundreds of thousands of real people use Tether to transact monthly. Seems pretty legit to me? I will concede that Tether has made some strange choices by choosing a smaller Italian firm to conduct their audits, but this is very different than a "well known scam." [0] https://tether.to/en/transparency/#reports https://tether.to/en/transparency/#reports P.S. if you want to discuss 1 on 1 my socials are in my bio
  - kranke155 3y ago
    https://protos.com/tether-transparency-a-lesson-in-lying/ https://protos.com/tether-transparency-a-lesson-in-lying/