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I haven't used tether in over a year. I use the Gemini dollar if wanting to have funds be completely out of crypto, but also BNB works well. Tether is stagnant, BNB has almost tripled since the year started. I use LTC when moving between exchanges.
Haters can not calm down) I can understand this, because this situation is very strange. But the "strange" does not mean "negative" or "dangerous." Instead of dollars, something else has value.
And that's all.
So many people tend to pick out of nose what isn`t really implied. When I read the ToS on Tether official website, I see the following:
'Every tether is always 100% backed by our reserves.' 'Every tether is also 1-to-1 pegged to the dollar'. And that`s the main point.
Yep Sirinlabs Also Closed Their Telegram Group Which Is Shady In Itself Especially Since Their Was A Huge Community.... Not Sure If It Had Anything To Do With The Fact That All The Admin There Had Trouble Answering Alot Of Basic Questions. I Ignored The Red Flags And Admittedly Lost Money There. Lesson Learnt.
Just give them your bitcoins and fiat money and shut up :). I won't be affected when they close their computer that serve usdt coins, i have bitcoin and never trade it. Guess what will happen when you start to sell your usdt to binance back? Binance usdt funds will be increased :)
Maker is the perfect stable coin....read about the Maker project.....stable coin backed by debt positions taken in ether ran by an ether smart contract....eliminates counterparty risk....ie shady behavior by 3rd party orgs such as tether....community lets stop being lazy and get smarter
Kyle Laffey You dont need proof. Like our US President, Tether lies in the open. Last year they went to great lengths to produce a "signed statement" from a bank in the Caribbean confirming each USDT was backed by a dollar held in their tether bank acct. Now a year later Tether says the USDT is backed by dollars and "other" collateral ie loans, and assets. What if a borrower defaults who is lender of last resort? What is strength of borrowers credit? This releases huge additional counterparty risk with tether. Its only sound if they deposit a dollar into a trust account and leave it their to back the USDT token. When they do ANYTHING else the entire system is at additional risk of collapse. This is evident on it face and there is something to be said about doing due diligence and then there is a damn fool. And only a damn fool cant see this scam as they have admitted it in their most recent statement. This is why most idiots get ripped off and why ICO and IPO are and should be restricted to accredited investors as general public is a bunch of crying idiots that can see a scam as big as the ☀️. Wait people will be asking why the govt didnt stop tether, scream btc is a fraud, and want the SEC and the US justice dept to put all exchange owners and anyone in Tether foundation in jail when this scam blows up....WTFU....wake the fuck up
With proliferation of stable coins why in the F are traders still using tether. We now have a decentralized option, DAI, the market should demand by trading on exchanges that offer Dai...no Dai token dont trade there. Im so sick of money hungry traders acting like monkeys doing the same old stupid shit....we keep trading in tether and tether keeps up the shady shit....enough #endthe Tether fud
Sir in labs has too much invested t be a scam. Top talent and retail stores with a phone. He may have been shady at other companies but SRN is making the right moves and with audited financials and revenue generated. This is Clickbait to call it a scam. The company is too big with no exit strategy. They sell cell phones with a store opening in New York. Don’t give crypto a bad rep
When they catch that Quadriga scum, they should execute them in a public manner. These "white collar," killers and thieves get away with this kind of brutality on thousands and millions of people while some poor schlub who steals a candy bar gets 3 years behind bars. I love our laws.
The real bottom is nowhere close when we have millions of fake printed Tether floating around the market. Why would serious investors, firms and people get into crypto with all this printed money that is even worse than what a couple of us want to move away from with the Fiats. What is even the REAL market cap for Bitcoin and Altcoins without Tether? When, or if Tether bursts, it will be the biggest bloodshed ever in crypto-history.
Hey George, just wanna give you props for all your hard work and providing a great channel!!!! I've been watching your videos for a little over a year now and must say your def one of the best crypto tubers if not the best.
What I like most is the variety you bring. Your insight and thoughts regarding the most recent news and events is very helpful. You do a good job of covering a subject and moving on (nothing feels over done or dragged out). The Q and A session is cool as you interact with your community. I feel you're optimistic about the space but also provide a sense of realization. Furthermore, you havnt flaked in the bad times and keep bringing the content consistently. Keep up the great work, much appreciated!!!!
+Jon Frank - lol. idk why, All it can be is that there are more buyers than people wanting to sell. Its pumped more than 50% in the last month or so. It went from $0.0083 to $0.0145. Anyone who picked some up in the 0.008 range has made out like a bandit. I saw the ratio of DGB to Bitcoin at 430k to 1 at one point. I can't wait for it to hit $1 in the next year or two.
+CryptosRUs , lol. I'm just messing with you. But I saw the documentary "China Hustle" and everything about tron and justin sun pull up these red flags for me. Like after he acquired bit torrent and half the staff quit. Lol. They probably thought, we dont mind helping the poor download movies for free, but when justin starts paying people to seed these movies... yeah we ain't messin with that can of legal worms.
+Digibyte Awareness Team Lol I don't know it nor think that way. Some times people make mistakes, especially young people. Some learn from it and grow. Tron is in a great position to lead if Justin and team can execute.
I think tether going belly up would be a great thing for crypto. Everyone will FOMO into Bitcoin and drive up the price. If these exchanges go belly up, it will drive traffic to a few exchanges who are legit, and Bitcoin's liquidity will dry up. When the liquidity dries up, the price goes way up and it becomes a sellers market until the liquidity returns.
The only people who will be hurt by tether going away are the idiots who bought it. Mostly day traders, who are parasites anyways.
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