/biz/ - Business & Finance

when collapse

Load ze tether fud

How exactly is this ponzi still running after all this time? At this point it's more of a ponzi than fiat, since at least real USD is backed by a gun pointed to your head, while USDT is backed by people's feelings.

Allow my to preface this thread with a confession that should reorient you from the clickbait-reminiscent subject line. I, personally, am not an insider myself, rather, I am someone with the gift of gab and a knack for fleecing the right people for the right information, at the right time.

Or am I?

Not even I'm sure. If I have learned anything in the last few days, it's that everything I see is fake and gay. It's hard to trust anything I read. Anything I hear. Anything I see even, as I am prone to schizophrenic outbursts that sometimes seem to penetrate into the real world.

Alas, I will type the following "insider" information to you as I have gathered it best, omitting information that would leave anyone liable(not that I give a fuck, protip: ask people about their jobs when theyre drunk), but rather to convey what I believe to be one side of the truth.

There exists an entity out there that orchestrated the LUNA attack. LUNA was the testing ground. They're heavily invested in one stablecoin, and plan on crashing the rest to zero with a barrage of flashloan/leverage/etc attacks powered by defi, and an insane amount of capital to front the attack, + social media psyops to incite retail.

Tether is being targeted along with every other stable, and there is a group who's motive is to make it fall. They will call for regulations after taking your USDT.

There aren't many liquid trades if this happens, realistically everyone is totally fucked.

Again, before I close this thread and exit this website, this is what I believe to be true off of who I've talked to. I will offer no other proof, as I was not legally allowed to collect proof, nor was I certain how much of the information I was given was true or false.

I hope this event doesn't happen, as all of crypto likely falls with Tether falling, but if it does, at least I've told /biz/ what little I can predict, and a few anons can hedge their funds accordingly.

Godspeed, anons. It might get ugly.

>1pbtid

but fuckers here showed me how tether prints USDT out of thin air and i got spooked. so i kept holding btc until today and tether still hasnt collapsed. what the fuck i hate you all