HOLY SHIT WE'RE FUCKED
I just don't understand why it's a bad thing. It's the same company so who cares?
imagine if you give someone a free money print and he would not abuse it... did you get it? me neither.
it's lying and laundering.
Read the article. They still claim tether is backed by assets...just not currency. They used the $850M for another expense essentially. Stop letting a nigger bitch attorney general in the most corrupt state ever fud you faggots. Imagine putting any credence into a black bitch investigating cryptocurrency.
>They still claim tether is backed by assets...just not currency.
yeah it's called thin air
ahh hell naw, you white boys aint gettin no economic freedomdependant on my watch, ima axe you one more gain to fly to newsyork and say it to my face
anyone with iq above 90 has known tether was a scam since the golden bullrun
>New York Attorney General Office
>chinks with a magic money beanstalk (and a slight discrepancy in the accounts)
You need to leave your wallet containing your life savings with one of the above for a week. Choose one, carefully.
Literally this. Some Wall Street Italians gave this nigger $1M to investigate this “shady money stuff.” She probably just got off the phone with Jussie Smollett’s attorney to put out the press release.
Stop trusting government niggers. They are worse than chinks.
I just thought they were laundering money
This might be the dumbest thing I've ever read. You should stop throwing around the word nigger because you are one mentally.
tether collapse already priced in
This is who you are choosing to believe
> In June 2016, James attempted to pressure six financial institutions, including BB&T, Berkshire Bank, Citizens Financial Group, People's United Bank, Regions Financial Corporation and TD Bank, into ending its practice of providing financial services to gun manufacturers.
Someone who works closely with banks to demonetize businesses. She hates crypto.
>GEW
no thanks STEINGBERG
New York is the most corrupt cluster fuck in the world and the retards here are panicking about a nigger bitch getting a pay out to fud crypto.
Tether Fud is a joke at this point.
An affirmative action nigger mouthpiece for banks.
Unironically the Jews are fudding Tether. It’s all real.
Cope
You don’t understand why we need crypto you bootlicking faggot.
what in the nigger coonin baboon chink speak is going on here. I need a statement of only 7 words thoroughly outlining what the hell happened and want the one and only truth. You're allowed to use the word nigger thrice.
I fucking hate kikes and new York so fucking much
couldnt it just be backed by bitcoin..... which is retarded. theyre backing a stable coin against a rising asset which will allow them to print more "tether".....
...........................
Don't bother, you can't reason with the herd.
yet coinbase is still allowed to operate. Makes you think.
Anyway they wont take down tether untill the people at the top get their taste from the lower classes pockets.
Because it’s a lot easier to fud “the evil Chinese threat!” over an American company that probably has the most transparent books of any financial company on earth.
Why the fuck would anyone trust (((banks))). This is the shit we want to escape.
>They used the $850M for another expense essentially
Oz @ Crypto Capital's new yacht? WHAT FUCKING 'A. N. Other Expense', ESSENTIALLY ? ? ? And what fucking 'assets' is this missing 850 mill backed with? do tell
I’m not spoon feeding you the details nigger. Read the info.
it sounds like you’re saying the asset they created to serve as a hedge is backed by the very assets they’re hedging against.
What other billion dollars of assets do they own other than crypto?
any anons have an answer? i am also interested in this.
Jew York Nigger. Yeah, think I'll buy some dip, enjoy poverty because you trust the happy merchant you faggots
Letitia James will fuck up crypto regs, just watch, she's a disaster.
>They still claim tether is backed by assets
The "assets" are shares in Bitfinex. Which is insolvent. What are shares of an insolvent company worth? Shit all.
lol what assets? chink farts? the absolute state
Hmm...maybe they diversified while they experienced over 1000% growth in one year? Clearly it’s not a bunch of retards running Bitfinex/tether.
>We
Nah. Just you.
I never touched tether or any of the other other """""""""stable coins""""""""'. Well I did once, but didn't sit well with holding it, went back into other coins and never held them ever again.
>tether is backed by assets
bruh look at this dood
Say it with me, this is simple:
ALL. CRYPTO. IS. A. PONZI. SCHEME.
So let me get this straight. Tether is a scam. So "we are fucked" and I should sell my bitcoin for... tether? Oh no wait I should sell my tether for bitcoin, right. How is this bad for bitcoin? Also, what is the USD backed by? Nothing.
>clearly it’s not a bunch of retards running tether
Big Disagree lmaoo
Pic related
hahahahahahahahahahahahaha
im getting ready to punch the next racist scum who uses chink and nigger thinking its wont come back to haunt them. thats all you nerds do its c this n that
I'm pretty confident about USDC at the moment desu
it means you should sell all of your alts, BTC, and tether for your local fiat currency
we are so fucked
oh no no no
checked
You are not fucked. Only the Jews are fucked you dumb hillbilly
Yeah, no, I am buying this dip. What pathetic, coordinated FUD.
God damnit this is so bearish as fuck. When Mt. Gox collapsed the price went from like $1,000 to $200-300.. This could send prices to like 1.5-2K.. In any case I suspect a very noticeable cratering.
Pic unrelated
lol just sell it all now and buy it back when it bottoms. I was bearish af for the entirety of bitcoins existence because I thought early adopters controlling a disproportionate amount of the currency made it a scam. Then I heard about MMT and I keep seeing it gaining traction. This thing is going to catch fire around election time when major democrat candidates back it. The perfect hedge to its insanity is bitcoin which is going to drive up demand.
You love to say nigger don't you. fo real user, by your comments you seem to be one of the dumbest anons I've come across on biz, not simply financial and socialy, but you can't see the writing on wall as well. Also you hate this lady just because she's black, go back to /pol you fucking scum
that was sent in November last year when the price was approaching $3k.
basically every bobo on this board was saying $1k at that time
PROSECUTORS DO NOT HAVE TO WRITE ANYTHING BASED ON TRUTH OR FACTS
THIS IS WHY THEY ABUSE THE JEWISH LEGAL SYSTEM TO PUSH CLOWN THEORY
DUMB FUCKS
Tether is fiat. Its like phony monopoly shit. How is this bad for bitcoin. Actually its good for bitcoin. its about the gentlest way for tether to finally die out. Use dai instead.
>He still doesn't realize WHO is behind this
That nigger bitch probably has 100 highly-qualified white guys working for her, though.
Feel free to trust a bunch of known scammers though.
Its bad for bitcoin because bitcoin is being artificially propped up by tether, they use tether to buy bitcoin you absolute mong