/biz/ - Business & Finance

Except there's no such thing as the Federal Reserve for some crypto coins.

>bailing out retards who fucked up everything
ah yes, the Fortune 500 were responsible for the US government's shambolic response to the pandemic

>>18022269
And we’ve got faggots complaint about tether kek

>>18022326
>implying the Fortune 500 aren't in charge of the government

>>18022326
Yes, Boeing, such a responsible and stand up company.

>>18022269
Ordo ab chao:
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>18022269
As if paying back the interest without scamming someone would be possible in the first place.

>>18022269
>stock market is just as manipulated
No, the stock market is WAY MORE MANIPULATED than Bitcoin. 95% of the profits of stock were a result of STOCK BUY BACKS made with CHEAP LOANS. It's a big scam!

Buy Bitcoin with loans NOW!

>>18022416
>Tether printing does not affect Bitcoin price

Only 2 scenarios now.
brrrrrrrr brrrrrrrrr:

1. Massive inflation.
2. No inflation.

In both scenarios we are fucked, why?

1. Pretty obvious.
2. It will make people realize everything is a scam. If the FED can print unlimited money, trillions, without any problem, then why can't they do it to solve X, Y and Z? Why not give everyone free money? Why not pay the student debt loan?, etc.

>>18022435
Tether actually has reserves, unlike the loans used to buy stocks.

>glypto gubbency more matipumated than stonk merket

>>18022285
>what is tether

How the fuck can anyone trust the US dollar after this BS? like even magic funny internet meme money is more reliable than this shit. Fuck the jewish centralized scam, fuck them.

>>18022269
>everyone sells off etfs with paper silver
>spot price goes down
>physical silver dealers forced to sell for less than what its worth
>cant find physical silver
Something tells me theres not gonna be angry upset twitter posts if jews are 'price gouging' silver and making way more than that guy with hand sanitizer

>>18022480
A fiat gateway.

>>18022445
The fed makes tether look like a shining beacon of transparency in comparison.

>>18022497
Boohoo the world is ending because of the WuFlu waaah waaah.
BBBRRRRRRRRRRRRRRRR

>>18022445
Usdt's reserve.. of usdt

>>18022326
The "pandemic" was just a catalyst.

>>18022445

>>18022439
Let me tell you anon, if you dont think some of those things are coming you're in for a rough ride. The US is looking at +30% unemployment. The government is going to be forced to forgive loans, provide healthcare, provide UBI, expand unemployment etc. Either that or face mass riots in the streets.

>>18022285
tether has entered the chatroom

>>18022726
>>18022799
>>18022694
Tether has dollars in an account and they can't just pull dollars out of thin air. That's the difference. They're a trusted third party, any money printing is going to drive the value of Bitcoin up

>>18023154
>tether
>trusted party
>dollars in an account

>>18023154
>Tether has dollars in an account
Not really anymore, at least its much less than the amount of tether they've printed.

>>18023187
Prove they don't have it.

>>18023207
That's not how it works lmao.

>>18023207

Burden of proof is on you to prove they have it

>>18023310
Users of tether trust that they have dollars in the bank, and trust that the Dollar has value. Yes, this is how it works. Prove that they don't have it.
I don't trust tether and think they're insolvent, but so long as people trust that they are solvent, Tether will work.

You have no proof that they're insolvent, hence why people still trust them, why Tether still has value.

>>18023329
No it isn't. I never said they're insolvent, you're saying they are. Prove it, nigger.

>>18023336
It's not hard to see why people "trust" tether. It helps pump their crypto, and anyone that is long crypto in general want the pumps to continue forever. This is exactly why you're so defensive.

>>18023359

Burden of proof is on you to prove they’re solvent you illogical fag

>>18023359

I’m not saying they’re insolvent I’m saying you haven’t demonstrated that they’re solvent and we shouldn’t just assume they are as the default position

>>18023468
I just said that I don't trust tether. I can't prove they're insolvent, but I suspect they are. I also don't trust the dollar.

>>18023472
I don't know whether or not they're solvent. I suspect they're insolvent. Do I have proof in either direction? Of course not. You have not posted proof yet, so you know nothing just like me.

>>18023533
Evidence of nothing proves neither solvency nor insolvency, and that is why I don't trust the dollar or tether.

>>18023536
We all agree then. Have fun with your ponzi while it lasts. Be sure to exit before them. :)

>>18023536
>muh burden of proof
You need to go back, you autistic manchild.

>>18023587
Bitcoin is backed by energy and network effects of users.

>>18023599
Prove your claim, throwing insults demonstrates you are losing, you're not refuting my point.

>>18023627
The only claim I've made is that you're an autistic manchild. And guess what? When I scrutinize this claim using the natural light of reason, I cannot but conclude that you are in fact an autistic manchild.

>>18024039
You're as sour and as much as a loser as an atheist.

>>18024370
Well then, tell me what did I lose?

>>18024411
Your grace and niceness. Even if you were right, you're just an asshole.

>>18022269
It doesn't make sense because you're so caught up with ideology you don't see the world for what it is.

Get you and your friends into positions of power, become wealthy and powerful, maintain and grow this power.
This has been the guiding principle of politics and economics for all of human history, we just have more elaborate stories that we tell the powerless.
And it will never change. All the commies and shit that come on here to argue don't get it. This is just how people are.

>>18024463
I agree. It's just that some of the time I want to feel like I'm living in a moral and decent world. I just feel duped, but deep down I know what you're saying is true.

>>18022269
Why cant they print money for healthcare or student debt?

Hahahaha yes keep fudding tether.
Tether is fake money guys.

>>18022326
>Boeing spent every last dollar it should've been saving over the last 10 years on bonuses for it's board members who are already CEOs of other fortune 100 companies.
>This is all because of the coronavirus that just started 6 months ago

absolute retardation: the post