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Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold

 
Anonymous Coward
User ID: 79725466
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01/05/2021 06:43 PM
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Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
Everytime it sells off they print more tether to buy the dip in bitcoin.
They know that not everyone will redeem at the sametime so theyre just running a ponzi pyramid.
The whales dump their positions on the rubes who step up .

Bitcoin price is just a facade and tether is the window dressing.

Do you’re own homework before commenting!
Anonymous Coward
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01/05/2021 06:47 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
bump

I knew something seemed fishy.
Be lots of sorry sad sacks crying when the scam unfurls.

Thx heads up op!
Anonymous Coward
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01/05/2021 06:49 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
Who wouldn't want to invest in technology that doesn't work, it can't be a scam.
Anonymous Coward
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01/05/2021 06:50 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
Well known fund manager just discussed this very thing last night.

Many tears
Anonymous Coward
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01/05/2021 06:52 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
EVERYONE IN CRYPTO knows tether is FAF.

They do not have ANYTHING backing supposed reserves.

How can we fix it?

[link to blog.chain.link (secure)]

SN=SN Those that know--- know.
ChefElvis

User ID: 13147426
United States
01/05/2021 06:52 PM

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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
spoofy
A legend in my own mind
Anonymous Coward
User ID: 79692097
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01/05/2021 06:53 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
What does it matter if Tether is backed by USD or not?

What is USD backed by?

I agree that there is almost certainly a BTC scam under way at the moment.
Anonymous Coward
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01/05/2021 06:53 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
Die hard crypto maniacs will have hard time accepting the truth
Anonymous Coward
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01/05/2021 06:56 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
What does it matter if Tether is backed by USD or not?

What is USD backed by?

I agree that there is almost certainly a BTC scam under way at the moment.
 Quoting: Anonymous Coward 79692097


Violence

However, its all about redemption for crypto.
Nobody redeems their tether for dollars,
They just stay in tether waiting to jump back in, hapless gambler degenerates they are.
But if even a fraction redeemed from tether the scam would blow up
Anonymous Coward
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01/05/2021 06:58 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
Thousands of crypto scans. 99.999% scams.

If your blockchain protocol can't actually scale then there is no point and you've been had.

"But, it's going to scale.."

Show me the patents.
Anonymous Coward
User ID: 77283221
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01/05/2021 07:11 PM
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Re: Rumours are circulating that tether is a scam! They are digitally printing tether as needed to bid up bitcoin just like the scam in gold
Well known fund manager just discussed this very thing last night.

Many tears
 Quoting: Anonymous Coward 77283221


I will link that





GLP