/biz/ - Business & Finance

peeps accept it as value thats why

It shouldn't be. Thankfully there's a replacement in the works so we can finally be done with the scam known as tether

>>23619957
Baste

>>23619931
getting ready to cash out all of them bitcoins you idiots have been buying thinking it's the golden bullrun

They are printing as much as they can before they exit scam

is tether printing bullish or bearish

>>23620592
print tether out of thin air (it should be backed but yeah, lol)
buy bitcoins
people see btc price rally
they fomo in
they dump their 'free' btc on you and cash out to tether

>>23619931
Don't understand how they can do that without any scrutiny

>>23620619
they cash out in real dollars, based retard.

this market is a sham

>>23619931
Chad staircase is why you fucking faggot

>>23620644
some maybe yeah, long term (5-10 more years) BTC could actually be propped up to stupid high numbers. Having the scam on hand (tether) allows them to quickly jump into positions and buy when they crash it

>>23620622
This is what makes me think elites are already in BTC. This is so blatantly illegal it should we on every fucking news channel, literally printing money out of air and dumping on plebs

>>23620622
It's under constant scrutiny.
Just to give you one example: two years ago the feds investigated Tether specifically in the context of Bitcoin manipulation.

Nothing major is ever found.

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>>23619957
>Baste

BASADO

>>23620696
Elites use tether to buy bitcoin

they printing millions of USD every da now.
in the last 7 days they printed over 400 billion USD.
how is this legal?

>>23620704
Can't find anything if they won't release anything lol

>>23621072
Tether isn't the Fed that's how its not illegal. Fucking shitbrain.

>>23619931
Well, it's a chinese based company, they don't care about dumping the overall real USD value. In fact, I think that's pretty much the objective here: print as much tether as possible and cash out, forcing the circulation of even more real usd, thus devaluating the actual american currency as a result.

Nobody, and I mean NOBODY is sending real USD to a chinese based company or bank, it's outgoing only since the beginning probably.

>>23620622
Tether.to and Bitfinex are chinese controlled companies, they don't give a fuck about being audited.

>>23621071
Nobody is exchanging real USD for USDt you absolute chink retard, it's the other way around

>>23621809
You can't withhold anything from federal investigation lmao

>>23622065
you can’t be this stupid

2017 called, they want their fud back. Tether is more solvent than any bank, this is not remotely concerning

damn ive been in crypto 4 years and i still dont know how tether works

i will make it legal

>>23623404
Ok chang

>>23619931
How can you be this fucking stupid

>>23620704
>Under constant scrutiny
>Hasn't been properly audited in years

Sure thing, chang 2

I guess you could say we're at the end of our...tether

>>23619931
is USDC legitimate? or is it another scam? i just want a place to park my crypto so i am immune to price swings.

>>23624179
>id: GuV

>>23624295
use DAI
its solvency resides in that you literally lock real coins for their exact value at the time, DAI is minted at a 1:1 usd value of the smart contract collats provided

>>23624406
how is that more legitimate than USDC? i believe USDC is audited by grant thornton every year, which is a legitimate public accounting firm.

I was only nine years old. I loved Tether so much, I had all the merchandise and movies. I'd pray to Tether every night before I go to bed, thanking for the life I've been given. "Tether is love", I would say, "Tether is life". My dad hears me and calls me a faggot. I knew he was just jealous for my devotion of Tether. I called him a cunt. He slaps me and sends me to go to sleep. I'm crying now and my face hurts. I lay in bed and it's really cold. A warmth is moving towards me. I feel something touch me. It's Tether. I'm so happy. It whispers in my ear, "This is my market". It grabs me with its powerful fiat hands, and puts me on my hands and knees. I spread my ass-cheeks for Tether. It penetrates my butthole. It hurts so much, but I do it for Tether. I can feel my butt tearing as my eyes start to water. I push against its force. I want to please Tether. It roars a mighty roar, as it fills my butt with its love. My dad walks in. Tether looks him straight in the eye, and says, "It's all fractional reserves now". Tether leaves through my window. Tether is love. Tether is life.

>>23624295
USDC is obtained by converting $ through Coinbase, so it's legit

>>23624473
DAI is superior because it relies on only crypto infrastructure.

USDC and Tether can be destroyed by governments , DAI can't be stoped since it relies on ultra high iq autists backing it with crypto.

>INB4 you are backing crypto with crypto thus it's a scam.

No , that's the magic , things like ethereum have low inflation already so it's more backed than tether or usdc since it's backed by shit 100% auditable by everyone.

>>23624269
They've been getting audited by the feds for years.

Why do you think Bitcoin is pumping? It's pure manipulation.
But the dump will be glorious...