Is tether actually a scam?
I haven't followed cryptos since dogecoin was cool, so how does it work? What is tethering up? Like you sell your BTC for tether, and then tether is guaranteed to be movable out of the exchange for 1$ = 1 tether?
Is tether actually a scam?
Easton Foster
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Nicholas Gonzalez
Allegedly correct, but they have had some shady shit around their audits. It runs on Omni, not 100% sure what that is but you should check out Jow Forumsbuttcoin for more info
Lincoln Evans
Tether is probably a scam in the sense that it is not fully backed by dollars. If it was, then they would have had no problems releasing actual audits.
Luke Ross
This doesn't mean that the people who developed tether want it to fail, however. They own an exchange (is it Bitfinex?) and the exchange business benefits when it functions as promised.
Jayden Walker
Why don't you just short tether? In the mean time it'll never go above your liquidation price since it has to stay at $1, but it'll obviously fail eventually like every other crypto project. Once it drops below a threshold people are comfortable with, it's going to dump 99% down since its only use was being a dollar.
Liam Cox
she looks nice for raping
fuck law enforce bitches, i am the law, my dick is the judge.your womb and cervix are on the trial, be pregnant or death!
Jackson Lopez
You are pretty retarded
I think you'll make it
Tyler Wright
But if tether is not totally backed, it is interesting to consider the conditions under which it might fail. Tether can be printed at will, so it is not likely to fail when demand for tether is high (e.g. when the bitcoin price is falling and people are selling it to hold tether which is ostensible stable). Instead the failure mode for tether is when people are selling it (e.g. so that they can buy bitcoin or some other crypto that they think will appreciate in value). This suggests that it is riskiest to hold tether in a runaway bull market, because the people who print tether might not have enough assets to prop up the price.
Asher Kelly
I want to see how red her pussy is
Thomas Russell
>business and finance