Gemini Dollar. Backed by a real bank. Follows FDIC regulations. Monthly audit available to the public

Wont work for the same reason true USD doesn't work.

Volume is key for shit stablecoins

"eth killers" sweating into their curry

Actually, market manipulation is preventing etfs.

>ERC20 token backed by dollar

what a fucking joke

what a piece of shit

This is the correct answer. The wash trading and chicanery is so brazen and unabashed that the SEC thinks it unsafe even for accredited investors. Backing the ETF with dollars doesn't change the fact that those dollars are chained to a commodity where bad actors can just decide to destroy or support equity price, not according to the fundamentals of the commodity, but according to whether they want to accumulate or liquidate.

how do we make money with this

in other words:

> investors buy BTC ETF
> neet whales who accumulated years ago because muh decentralization crash the price
> non stop calls to SEC office that they could approve such a ponzi

one dollar bob

NY State launched their own crypto

Link pls?

its just not (((their))) ponzi

Can I get a quick rundown on these guys?

That won't make them stable. Stable coins are backed by the physical assets we tie value to in the traditional system. Thats the only reason they are stable.

1 bitcoin is always 1 bitcoin. 1 dollar is always 1 dollar.

1 bitcoin does not always equal 1 dollar and 1 dollar does not always equal one bitcoin

good so baby boomers don't get confused

network size? who is stopping anyone from making a billion wallets and doing transactions between them?

Tether is long due implosion. We're lucky if an alternative comes before it's found out that Tether doesn't have enough money to actually cover everything.

They have in their TOS that us citizens cant own Tether. You'd have to be pretty blind to not see the truth from that.

Attached: mastermind.png (808x455, 315K)

Based twins, finally freeing us of the tether cancer

Next up: Close down bitmex

I love Gemini except when they crash and can’t log in

I’m b4 the top 5 coins on cmc are just crypto dollars and this whole this was just a waste of time

>nope.jpg
fees are 1% now

surely no need for Bitcoin now then?

or u mean when they go on 'maintenance' during pumps and dumps

these corrupt fucks are gonna get their exchange shut down

Unless they print billions, who gives a shit?

Damn near every exchange is like that though.

this makes 0 sense.
First of all you're mixing backing with insurance, btc etf will be backed by btc and insured with usd.
Who cares if it's usd or gusd?

this.

Basically Gemeni is the most trusted normie exchange. This gives normies the ability to do payments between eachother like paypal without the headache of the exchange, fees, and changing prices.

You can't make money with this. It's not even worth to put dollars into it. You can't exchange them anywhere but Gemeni. It's simply a way for you to store $$$ in crypto with intentions of bringing it back to Gemeni or pay for things among other Gemeni users.

>sell at the eoty for gusd
>wait a year to sell gusd for usd
tax benefits to using gusd instead of usd?

Gemini is the worst. Even little pumps and dumps it always goes into maintenance page for a few mins

Margin trading is against Gemeni terms of service and they do not let you do that at the moment.

>RIP Tether. We hardly knew ye.
Nice. Where does it say that GUSD will be traded on finex or binance?

>we don't let our clients do it but we let our bots do it
yeah, those brothers can go fuck themselves

Doesn't make it right either way

not bitfinex, they are pretty flawless for over a year now

Either way, name an exchange that is going to make it easier to cash out with

ayyyy bull run confirmed

Exchanges can add any coin they want give you know this is crypto and all and the whole entire fucking point is permissionless currency.

But will Gemini allow GUSD to be sent off their exchange to be traded by those that have not been approved? There will be jyc to buy/sell it for $ so why wouldn't there be to trade it in between?

>But will Gemini allow GUSD to be sent off their exchange to be traded by those that have not been approved
yes, it works as a normal erc20 token. You can send it to anyone

kyc*

so they will probably do chain analysis to track it. like pax.

Why aren't the two pajeet EOS shills in this thread?

I mean I like the exchange, don't get me wrong. Nice ui and all, but the maintenance and the shady fact that the brothers are also traders doesn't fit right with me when there's over a couple 'maintenance's every hour during a bullrun.

I'm not even using a fucking bot and it's sad how many times the exchange fails to satisfy my needs as a client when I can't even sell or buy during a huge movement in price

When did it do this to you? I've never had it do maintenance.

all of 2017

I didn't have Gemeni last year. From what I have read most of their growth and improvement on the exchange/customer service has been made this year.

let's hope they're prepared for the next bullrun

but does it also have a backdoor like tether so they can steal your dollars at any time?

if so its actual value isnt $1 its $0

This is so stupid it makes my brain hurt.