This Tether thing has left me worried

You mean to say the entire bull run was printed out of thin air? We will never ser something like this again?

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See*

It probably won't grow 1000% within 2 months again.

no. the times article was bullshit, and that academic looks like a fraud. his convictions should be reopened
tether is literally copping to 100% reserves. which is crazy. they are only market making
tether is a better bet than your bank. the only difference is it isn't FDIC insured. and the systemic risk of course

Si, Tether credible

ser
snownigger spotted
Go back to feeding refugees Ola

Not exactly, but tether did cash out a lot of btc into cash with no intention of ever putting it back into the market. It bled the market dry.

biggest team of crooks

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deluded tether cuck

>cash out a lot of btc into cash with no intention of ever putting it back into the market
how would that be possible, they burned the private keys in exchange of some bribe money? you are making zero sense.

> deluded tether cuck
that 30 year old boomer who holds tether, waiting for the moon

> how would that be possible, they burned the private keys in exchange of some bribe money? you are making zero sense.
lmao
you have no idea how tether works
why even open your mouth

i would never touch tether. it's worse than fiat.
it was about bitcoin not tether nigga learn to read!

>it was about bitcoin not tether nigga learn to read!
lmao
literally does not understand that printed tethers sell for btc
jesus christ

nigga that is not what we were talking about when you chimped into it.

>tether did cash out a lot of btc into cash with no intention of ever putting it back into the market.
i was asking HIM how the hell could they have removed btc from the market by cashing out of it. that's all the rest is just in your head.

tether needs to hold fiat so they turn the btc they get into fiat
this means they dump a million dollars worth of btc every time they dispense a million dollars worth of tethers
you're welcome

Think of something you are very good at or have extensive knowledge about. Could be a hobby, a job, some skill, anything. Then imagine some shit head reporter with almost no knowledge of the same topic that you are proficient in has a week two write an article for the mainstream media to explain it to their normie readers. Have you ever been in this situation? I have. They fuck it up every single time. This is no different with Tether, and the retarded articles the MSM are writing about it. Don't trust a fucking thing they say, they have no clue what they are talking about.

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but that is not at all what he said why are you even trying to throw smokescreen?

not one of these people has an honest face, phil potter the slimiest one just left bitfinex

they got the proverbial jew face if that's what you mean.

100%

ok guy. dyor

lol, i see. you think he means they removed the btc from the market. he means they aren't putting the cash back into the market.

nigga why the fuck are you even talking to me?
that guy literally said they removed btc from the market by selling it. that's literally impossible if you sell it you put it on the market. i was waiting for an explanation from him, not your retarded ass talking random shit.

He has no idea what he is talking about
Just looking for a scandal to talk about.
Never going to make it

>he means they aren't putting the cash back into the market
oh yeah that's totally different basically an exit scam. i have nothing against that theory. plausible as fuck. but he could just have said thether is only backed by empty promises more accurate.

afaik nobody got any tether for free, so no.

$5k to $50k.

Ok if this tether thing got you worried, what about the fact the the entire monetary system is run on the same scam?

It's a bit more complicated and even more insidious than one would think.
If one follows the history of their exchange tether wallet one can see that it has not held equal amounts of tether to what their users have held on the exchange. It has gone as low 1.8m tether.

What this means is that the tether that people have/had on bitfinex wasn't even real tokens on the omnilayer, and what they used the tether their minted for was solely to pump it on other exchanges that used tether at the same time. On their own exchange, they pumped it with "imaginary tether", that is, imaginary fake USD IOUs. They also initiated longs and shorts vs their users during pumps and dumps of BTC with these credit but non-existent tether tokens in order to reduce the tether balance of their margin trading customers so their buys of BTC with fake tether didn't cause a massive increase of fake tether on bitfinex, which would lead to all sorts of problems like higher rate of tether token withdrawals to other exchanges by users (they'd have to mint more tether for that) and higher buy pressure within the exchange for various crypto due to "richer" users.

Essentially, through all of this, they spent likely more than 4 times the tether they minted every time they did, and got a lot of it back, but a lot of it was fake (since it was inside bitfinex) and enabled them to cancel it out while still stacking BTC rewards.

The inflow of tether from other exchanges to bitfinex, combined with their market manipulation and margin trading against their own customers also allowed them to alleviate the internal exchange problem of too much fake tether.

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yeah but that money paid for them is all blown on coke whores and teslas.