5 BILLION TETHER JUST MINTED NOT A DRILL THATS 5 BILLION WITH A B

its the guy who closed the finex shorts lmao

DO IT BROS

Based

Going long 100x right now

Does it matter after the mcap dropped 20bil?

EVERY USDT IS NOW DILUTED TO HALF ITS VALUE

fucking joke

rare pepe. Saved

Under 0 would be when crypto is illegal and you have to pay someone to take it from u

What the fuck lads. Time to re-evaluate my short. This must be a mistake right?

bless you user

Can anyone explain what this means? I dont understand USDT coin.... are other coins based on it or something? I thought USDT was just supposed to reflect the USD?

they just burned 500 million. I know tether was swapping over to ETH chain. So perhaps this has something to do with that?

this tether exit scam will lead to collapse of Bitcoin

...

how the fuck is this real

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It pumps btc as long as the sham lasts

buy stablecoin with $, send stablecoin to other exchange that can't use $ to buy coins

It's literally magic money they use to buy BTC.

lmao also today zlatan ibrahimovic went on national tv and promoted bitcoin code, a bitconnect like scam (backed by bill gates and elon musk lmao)

Frens!
Explanation is needed pls!!

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twitter.com/paoloardoino/status/1150164876138037249

decimal error

Can someone explain why it's minted on the Tron blockchain?

tron will be worth 10000 dollar a token

I know little about usdt. Is it based on the tron blockchain, or does is it just this latest 5bil that’s gonna pump tron?

>sunday/saturday night
>probably some computer science bachelor incel in charge of system security
>can't handle wagecucking on saturday night anymore
>rageprints 5 billion tether
>buys 100k bitcoin
>fucks off

I give this scenario a likelihood of 30%

I just want to recoup my initial investment from 2017 and get the fuck out. This shit isn't going to end well.

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Saved.

I fucking wish lmao

BULLS ON PARADE!

Infowars tier conspiracy theory that tether is used to buy bitcoin for free with fake USD.

Bitfinex is creating fake tethers and pumping the market since they are going down in a couple of weeks/months

>twitter.com/paoloardoino/status/1150164876138037249
>lol JK about that 5bil guys, my 0 key got stuck bruh
i kinda hope to see libra take these guys over

USDT is currently issued on tron, ether, or omni which is a protocol layer built on the bitcoin chain

So 100x short or what bros

is this literally fidelity or what?

THE CRAB CONTINUES

It was a typo

Yeah exactly

Here is how it works.

Company prints coin, pegs it to USD to be a stablecoin used by exchanges, calls it Tether.
Company says this coin is backed by USD from their investors.
Company pumps the market with this coin as if it had real USD backing.
Turns out coin is not actually backed by USD at all.
Turns out they just print as much USDT as they want not, and not actually any real money invested.
Turns out all the money being pumped into the crypto market is literally printed out of thin air.
Turns out that the entire cryptomarket is boosted by FAKE MONEY in order to fool the goyim into putting REAL money in, then they PUMP and DUMP and siphon the real money from the goyim hands back to the exchange cartel.

Welcome to Tether.

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Kek

They just burned all of it a minute ago

Not all though

fag

They printed net 50mil

except the way this collapses is when people can't directly exchange tether for USD FROM tether, that is literally the only way it falls apart. and when that happens? Tether could just print more, buy BTC, sell it for real USD, and hand that over. Basically this shit is superfucked

Its like 98% backed according to audits

why, are you heavily invested in a stablecoin which doesnt provide proof of backed assets or submit to audits?

queer

They need their fake money to work on all major* blockchains. This sounds like a joke tho, not sure why they would bother with TRON

if any of this were true, there is no way Wall Street would be touching it.

C L O W N M A R K E T
L
O
W
N

M
A
R
K
E
T

It’s not only true, it will be proven true in a court of law june29th

mfw bitcoin dumps and xrp takes over
you "muh satoshi" "muh decentralized coin" fags get BTFO

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lol xrp is way more manipulated than btc delusional ripplecuck

NOOOO, THEY'RE TRYING TO EXIT SCAM BEFORE THEIR COURT HEARING

FUCKFUCKFUCKFUCKFUCKK

IT'S REAL FUCKK

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That's still like 80 million dollars unaccounted for kek

oh fuggg they just burned it!!!!1111oneoneone

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XRP cultists are the most delusional freaks in crypto

XRP is secured by proof of Moneygram press releases.

uh huh

You sure? You saw only pictures of this or him actually promoting it?This bitcoin code scam have used many well known people without their knowledge or permission.
Just like an old man at my work fell for the scam because they used a wealthy norwegian in their commercial

what month is it?

Literally kys

>Should we tell him guys?

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*july 29th

How is usdt burned? What's the tech behind burning it?

you ever see those youtubes, the fake aysis guy who runs throwing bags of 'explosives' and shouting 'allahasnakbar' at randoms who FUCKING FLEE FOR THEIR LIVES ? Well, Bitfinex/Tether offices, walk in and shout 'AUDIT!'. Please stream results

Literally you click a button and it deletes. CZ showed a video of doing a BNB burn before

i would believe that this is true if xmr volume spiked or spikes soon. anyone with a brain knows not to steal money and hold it in bitcoin

>be bitfinex
>go 100x long
>print 5 billion tether "by mistake"

You send it to an address that no one has the private key to

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Who shorting this

why you ask strange question you are from government fbi?

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the tether conspiracy is like the one thing you shouldn’t lie to newfags about

I'll tell you in about 5-10 mins

actually im not sure it was my mom who called me and asked about bitcoin code lmao and told me this. may very well be just a picture she saw online somewhere

False alarm, they burned it all not too long after. Shut it down boys. No moon today. Steak is off the menu.

twitter.com/whale_alert/status/1150168942104784897

twitter.com/whale_alert/status/1150163902841401344

it's backed by loans from super shady "banks" some of them have been sized by Portugal and Poland for fraud
and not even 100% backed back in October it was only 75% backed and they printed 1B more since then

tether is the most shady shit i've ever seen

Short 225k usd here

Seriously if you couldn't foresee that this crypto money thing would end up with a flaw being exploited or a scam out of control that nobody can actually stop… maybe you need a seer or something.

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From where

Tron 100% has the private key

Ya I am short

11.3k on deribit, liq is above 20k so I feel pretty ducking comfy

Under $0 is when you pay a lawyer to argue you never owned any Bitcoin

en.wikipedia.org/wiki/Wildcat_banking

When did you realize Tether is literally a wildcat bank?

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My tweet probably got liked by the god emperor in that whale alert thread.

20 link to the user who screenshots which comment it is and posts ITT

They havent had an audit since like 3 years ago and last estimation was 74%

Institutions are not touching crypto, its all a meme they tell to plebs

This it?

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