/biz/ - Business & Finance

>>
if you feel like parking in stable, just use dai. the tether fud is crap btw, if it wasn't complete shit, dai would cost 1.5

Translation, tether sucks here’s my proof

>>25852667
OP asks for good reasons why tether is not a systemic risk.
Your reply indicates you are a fucking moron.

>>25852371
>literally explains on peters podcast that its 100% backed
>hurr durrr its over
The absolute state of nocoiners

>>25852371

>>25852779
>100% backed

>>25852779
Can you explain why they can produce 2 500 000 documents but not an audit?
Can you explain why they claim to have $22B at deltec bank in Bahamas while entire Bahamas only have $5B in foreign deposits?
Can you explain why we should trust anything coming from Deltec bank if Tether/iFinex since it seems like they own a large stake of it?
Can you explain why large institutional investors would pile in $22B into a shady bank in Bahamas?
Can you explain why they initially lied about transferring $850M to Bitfinex without telling Tether holders?

There are SO many red flags and the interview from yesterday caused EVEN more fucking doubt. You could hear that they tried to deflect and barely knew what they were talking about.

>>25852751
The onus of proof is on the moron to prove tether isn’t running a legit op, they’ve held onto and paid out their users billions over the years while still maintaining their 1:1 peg despite all the fud. Nyag one argument is that they moved 850m in tether over to lend to Bitfinex which meant they likely weren’t 1:1 at that point, but then Bitfinex raised 1b for Leo token in 10 days. Again not something that “scammers” can do, 1b is good money and would’ve sorted the loan out. I know it’s a mix of nocoiners, usdc shills and just general retards pushing this agenda, your logic is that a guy would go live days ago to say they’re backed but you think it’s all a lie as if a company holding 21b and making a b or so in interest a year on that cash is going to be pumping the market despite knowing the Nyag is watching them and knowing there’s nowhere to hide I’d they ran a scam that size and get caught. your argument is pure speculation whereas tether staying operational and paying out for years is fact and Bitfinex raising 1b during all this is fact

>>25853050
https://www.deltecbank.com/

>>25853037
http://www.tribune242.com/news/2018/nov/08/deltec-refutes-claimed-link-launder-scheme/
Oh look it’s the same fud from 2018, how’s that working out for you?

>>25853170
No different then bitmex in seychelles, crypto is still a very grey area. Tether would never get banking in tbe west, nor would they likely want it

>>25853195
https://www.coindesk.com/deltec-chairman-says-tether-letter-on-bank-relationship-is-authentic

>>25853037
They are laundering money. They have it, but just Dont want to show the government.

tether fud is legit but it's kind of like martin shrekeli. he thought that just because he was successful that he was "in the club", but then he got fucked over and went to jail. bitcoin maxis, bitfinex, and other various types of retards think that they're in the new elite club, but they're going to get dumped on. only the federal reserve is allowed to print fake money

Bitfinex can raise 1b from investors in 10 days, but for tether to hold 21b is impossible, despite usdc having near 5b and being in operations for years less time .

>>25853037
>Can you explain why they claim to have $22B at deltec bank in Bahamas while entire Bahamas only have $5B in foreign deposits?
Tether is backed by loans they made to themselves

“The New York Attorney General (NYAG) anticipates the handover of loan documents relating to an alleged $850 million cover-up will be completed in “the coming weeks.”

In a letter filed with the New York Supreme Court on Wednesday, the NYAG said stablecoin issuer Tether and cryptocurrency exchange Bitfinex had been cooperating with its inquiry.

The NYAG also noted the timeline for documents to be handed over would come after a deadline, previously mediated by the court, that once again ordered the crypto companies to hand over documents outlining their financial relationship.“
oh yes they’re hiding things clearly

plebbiters have cracked the case wide open

>>25853195
This is ALWAYS the same fucking comeback.
Just because it hasn't crashed yet, doesn't mean that the initial suspicion was faulty, you retard.

You're sounding exactly like Paolo with he's "it defines logic that we would be able to run a scam for this long".
https://www.youtube.com/watch?v=b_Uq5QCHcU0&t=1581s

>>25853037
Sorry for my ugly English in advance. Since I have some background in banking I will try to answer some of this.
>why they can produce 2 500 000 documents but not an audit?
Because there is no regulatory framework for audit of such companies. Only recently govies started to NOT look on anything that is somehow linked with crypto like this is 100% drugs/north-korea or something. Considering size of Tether and how complex that may be it is too much risk for an audit firm.
>Can you explain why they claim to have $22B at deltec bank in Bahamas while entire Bahamas only have $5B in foreign deposits?
Wrong info. Check statistics for "international banks" not only account of "domestic banks". Entire Bahamas have smth like $185B.
>why we should trust anything coming from Deltec bank if Tether/iFinex since it seems like they own a large stake of it?
and
>why large institutional investors would pile in $22B into a shady bank in Bahamas?
Because "large institutional investors" that made a decision to work with crypto are not "classy wall street-tire 70y-oldfags"? Those are coming from Asia-Russia etc. they do not wont to suffer from sanctions like Huawey or any other company that uncle Sam will point. Tax optimisation also.
>initially lied about transferring $850M to Bitfinex without telling Tether holders?
Because they could do it. You dont tell mom that you have lost door keys if you found them. As you see usdt is still 1:1 as this info is publicly available and almost half of the debt is already repaid. So it is already priced in.

>>25853714
seethe newfag I know your little mind can’t fathom how worldwide a bunch of Iranian, chink and Russian money wants usd exposure without prying eyes

>>25853714
>Just because it hasn't crashed yet, doesn't mean that the initial suspicion was faulty, you retard.
Speculation.
Cya again in 3 years!

>>25853714
Dude just buy some. We goin back up regardless.

>>25853881
The risk/reward is gay as fuck.
Tether will get fucked and it will cause a multi-year bear market when it crash.
The price of Bitcoin have already done a 10x in less than a year.

I rather buy chink stocks, biotech stocks, call options on volatile assets or whatever if I want to invest in things with a lot of upside.

Crypto currency risk/reward is currently GAY as FUCK.

>>25854056
It always was

>>25854056
Super salty nocoiner detected.
Seeeeeethe

I dont ever need to watch the video to know that Max is right and you, seething nocoiner, is wrong.
Your position is not morally defensible, because the entity you defend, called "government", prints much more money than tether, money which is backed by thin air. So your arguments cant hold in a essential level, which is where bitcoin is at. If you think bitcoin is a asset like stonks, congratulations, you are a retard.

>>25854056
kek

>>25853827
Good post, don’t expect anybody to respond to this tho cause they’re just spreading fud

>>25854100
>>25854181
>>25854270
I cashed out $700K yesterday, I am fine.

>>25854384
Good.
Pay your taxes and stop posting here.
You are clearly done w/ crypto, prob forever.
No regrets mkay.

https://www.youtube.com/watch?v=IaFVNBG9-Lk
In this interview with Saylor, he explicitly says that money inflation (printed by the government, out of thin air) benefits certain funds, which are reserved to members of certain clubs, and are not open to the public.
No investigation is made about these funds, and no fud comes from it, in relation to their relationship with stock markets. It simply stays as it is, benefiting a small elite, which made money out of nothing, while the people starve from inflation.
How is this any different from the accusations leveled against Tether? Clean your fucking house first, statist nocoiner, before talking about bitcoin.

>>25853827
>Because there is no regulatory framework for audit of such companies.
Why can all other stable coins produce audits then or at the very least regular attestations?
>Wrong info. Check statistics for "international banks" not only account of "domestic banks". Entire Bahamas have smth like $185B.
Okay, will see if I can find. Would appreciate direct source though.
>why we should trust anything coming from Deltec bank if Tether/iFinex since it seems like they own a large stake of it? and
Conflict of interest for pretty much their whole operation
>Because "large institutional investors" that made a decision to work with crypto are not "classy wall street-tire 70y-oldfags"?
Maybe, but it's still pretty hard to believe.
>Because they could do it.
They said they were backed 1 USD to 1 USD when they made that transfer, so they clearly lied to their customers.

>>25854640

>>25854458
Yeah, I probably will.
But in principle I do like crypto currencies, but not when Tether likely is fucking up the pricing mechanism.
Don't want to hold something with such an obvious systemic risk which is likely to fail within the next 6 - 18 months.

>>25854694
Read my thread again.
Low effort insults are not arguments against my points, mkay coping bag holder!

>>25852371
ahem tink tink tink. Listen here you poor nocoiner Tether conspiritard.
The supplies of USDC and BUSD have grown at a faster % rate than USDT. They are both issued by heavily regulated USA companies.
This proves that there has been a huge demand for stablecoins.
The demand would push the USDT price above $1 if Tether stopped printing.
The supply of issued USDT is a liability on Tether's balance sheet. They are intrinsically short USD and long reserve assets. This has been a good position since March. USD has suffered historic devaluation relative to assets since march.
If USDT is partially backed by loans to exchanges and market-makers, those are effectively Grade A loans. Exchanges and market-makers just raked in billions from fees and arbitrage in a bull market.

Tether cannot print USDT and buy BTC with it unless there is real demand for USDT.
If they flooded the market with USDT that nobody is demanding, the price would crash below $1.
Tether does not have a magic money printer that can break the law of supply and demand. That's retarded. KYS

>show us a detailed audit of the Tether reserves so we can freeze even more of your money, just like we froze 850m USD from Crypto Capital
t. Tether conspiritard brainlets

The reserves should be diversified (including crypto) and obfuscated to make them harder to freeze/seize. This is a good thing.
I bet they will continue to successfully maintain the peg using their opaque reserves and arbitrage system. r/buttcoin losers can't stand it because they are poor authoritarian cucks who hate privacy.

>>25854854
>Tether cannot print USDT and buy BTC with it unless there is real demand for USDT.
>If they flooded the market with USDT that nobody is demanding, the price would crash below $1.
>Tether does not have a magic money printer that can break the law of supply and demand.
You clearly have zero understanding of how a pegged currency with fractional reserves work.
But fuck it, you win.
Keep your bags, I am out.
I am going to stay a "no coiner" even though I am keeping bag with a bunch of alt coins worth $60K.

I think Tether is going to get seized/dysfuncted within the next 6 - 18 months and all you bag holders will cry as fuck.
Not going to waste more time with literal 90 IQ burgers fueled by a gambling addiction and hopium.
Good luck everybody!

>>25854640
>Why can all other stable coins produce audits then or at the very least regular attestations?
I guess because they came up later. Also customers/shareholders may not be willing, but not because of low funds but because of politics etc.
>Would appreciate direct source though.
Here you go. Link + explained https://twitter.com/dzrgreg/status/1348354952222158850
>Conflict of interest for pretty much their whole operation
That is simply how it works in grey area. But area is grey because of lack of regulation.

I would say the biggest problem is not lack of backing, which i dont believe. The biggest problem is that authorities can simply come and say that "we think tether is bad" it could actually happen without the court. In this case Tether may very probably loose all bank account even in Bahamas, because if their counterparts will continue to work with Tether then they could lose their own account with US banks.

Why cant people just wait until friday? OMG what if you have to wait for the investigation to finish even? Is this going to turn into "le 2 more weeks" all over again?

>>25852371
Because it’s like asking us to look into election fraud. Nothing will happen. You post some random tweets and hour long videos, and all they amount to is jack shit. You have no evidence. Not a single, solitary piece of evidence. Once a judge finds that out, he’s going to laugh in the jewish plaintiffs’ faces.

>>25855250
>came looking for validation
>left as an even larger passive aggressive nocoiner

>>25855276
>I would say the biggest problem is not lack of backing, which i dont believe. The biggest problem is that authorities can simply come and say that "we think tether is bad" it could actually happen without the court. In this case Tether may very probably loose all bank account even in Bahamas, because if their counterparts will continue to work with Tether then they could lose their own account with US banks.
I agree.
They might also be in violation of the banking Martin Act or considered as a security since the value of USDT is dependent of how successful they are at chosing the assets backing USDT.
Accusations of money laundry or market manipulation is likely going to be the thing that brings Tether down, but their whole operation is a mess so there could be a number of things which fucks them in the end.

>>25855250
Even if it's backed by a fractional reserve of assets, it becomes more solvent as Bitfinex/Tether rake in billions from fees/arbitrage. Their USD-denominated liabilities are being devalued 20%+ per year relative to assets too.
Tether haters flip out because they are generally nocoiners who are short BTC/USD (mentally).
Tether are intrinsically long BTC/USD. Lleveraged long if it's a fractional reserve. That has been the winning position for years. It will continue to be a winning position long-term unless The Fed starts tightening.

>>25852371
I find it genuinely hilarious how effective tether fud is. Good work lads, I want cheapies too.

>>25855485
No, I unironically wanted evidence and/or logical reasons why I could dismiss the tether FUD.
No one have brought it so far.

I cashed out yester day at the top, I am already wealthy and don't care if I miss a 5x from here. But sure, it would sting a little bit if retarded gamblers got more gains than me.
But fuck it, I have my investments principles and I will stick to them and not let some market denialism / euphoria make me dismiss them.

>>25852371
Ok goys, try this for yourself. Go to coingecko and check out the marketcap of tether. then the marketcap of btc. Divide the first by the second.

Tether is 3% of BTC's marketcap. 3 fucking percent. Even if 100% of tether was fraudulent, and 100% of tether was used to do nothing but prop up btc, it would account for, at absolute max 3% of the marketcap.

Get that through your heads you absolute brainlets.

>>25855647
Because the FUD is valid and keeps piling up the more Tether try to fight against it you retard.
They could have settled it years ago if they just did an audit, but nah.

Im holding 1.5mil in USDC right now. I sold just a hundred off the ETH local ATH. Im honestly not gonna risk it with this tether shit. I can wait a few weeks to see how this plans out, but honestly I do believe they're doing something shady, and at this stage the risk of losing all my assets vs keeping 1.5mil for a few weeks or months, it seems like a no brainer to just see how this pans out in the meantime

>>25853195
They own the bank, you fucking retard

>>25855693
Thats the first intelligent argument I've heard against the tether fud.

>>25855693
Brainlet who don't understand slippage... Nice!
(For your knowledge, slippage is usually 10 - 20x for Bitcoin).

>>25855665
Nah, you clearly want validation for cashing out. Hence, your posts...
Your ego cannot accept... that maybe, just maybe:
You were wrong.
Now, your ego is seeking validation of being right so that you can say:
See I told ya so!
You.
Were.
Wrong.

Meanwhile retards like this is why im bearish:

>>25855693
>Ok goys, try this for yourself. Go to coingecko and check out the marketcap of tether. then the marketcap of btc. Divide the first by the second.
You don’t need 581b to create a market cap of 581b , you just need enough money (or tether) to buy out the order book to keep btc at that price . Market cap is total coins multiplied by last transaction price , it’s not directly related to total capital invested.

Do you understand? Millions of Bitcoins have been lost over the years. The actual EXCHANGE SOLVENCY is in the tens of thousand. Meanwhile EVERY SINGLE TETHER GOES TO AN EXCHANGE. There are billions of tether ready for liquidation.

Do you understand?

Stop using marketcap like a retard. Find out the exchange solvency and see what happens when 25 billion tethers evaporate in a second


>Tether is 3% of BTC's marketcap. 3 fucking percent. Even if 100% of tether was fraudulent, and 100% of tether was used to do nothing but prop up btc, it would account for, at absolute max 3% of the marketcap.

Absolute moron.

>Get that through your heads you absolute brainlets.

You are the brainlet here. You have no idea how exchanges work. Just get a shotgun, put it in your mouth and pull the trigger

>>25853388
Usdc is owned by multiple non-shady companies and backed by dollars 1:1. The token is burned upon redemption

>omg $24B in USD-denominated stablecoins/liabilities! Oh no no no! Such a big number!
>How will an operation remain solvent while they are raking in billions in a macro environment of historic USD devaluation?

>>25852371
Exactly how did you cash out.
Proof or larp fag

>>25855813
If you think that is intelligent, then you're a retard.
Maybe try looking at how the bitcoin orderbook works.
Just because the market cap of bitcoin is $700B doesn't mean that the dollar amount spent on bitcoin is $700B.
Historically $1B of USD has pushed up the market cap of bitcoin with $10 - 20B.

>>25855839
>You.
>Were.
>Wrong.
In which way?
I am not saying that I MIGHT be wrong, but the arguments/evidence are on my side so far.

>>25855807
again more speculation , where’s the substance other then a few conspiracytards tweets?

>>25855967
>so far.
So far you are building speculation, on top of speculation, assuming x:1 backing, etc.etc.
You are speculating. That's it.

>>25853501
Seems to me the Nyag are happy with how tether have responded and are complying, yet the seething nocoiner with no finance IQ wants you to believe otherwise, I wonder why that is?

They had 850m frozen, why would they not be cautious, anything they do and say is backed by the best lawyers in the world, their company is worth billions. The conspiracy tard thinks just cause Uncle Sam says to spread your cheeks and cough everybody has to, on demand at anytime without questioning

Just don't hold crypto till this shit settles
> but muh 20% gains
Fuck off idc, go to a fucking casino already

>>25856158
Anon it shouldn't be difficult to prove that they're innocent. USDC did this the first time the government asked and they've never been hassled ever since.

All USDT has to do is prove that everything's in tip top shape. Why cant they just do it?

>>25856168
>Just don't hold crypto till this shit settles
Priced in.

>>25855693
Holy shit, you are retarded

>>25855979
Their own retarded interview which caused the current crash

>>25856194
Nobody wants an audit anon, you know that. Let alone a foreign “cryptobank” essentially that’s operated for 4-5 years. Their shareholders and customers don’t want it, part of the charm is that they’re offshore I’m sure. The argument is if they’re innocent why do they say no and it should be, if they’ve done nothing wrong why should they. Or do you Agree with police Being able to show up to your house at anytime and going through all your shit just cause

>>25855839
He could go back in now and own more coins, are you retarded?

>>25855846
The result of your hypothetical situation is a flash crash during a panic at worst, and a panic INTO btc out of tether, pumping the price at best. You have proven nothing. The only parties at long term risk in this situation are tether holders.

>>25852779
That's the exact opposite of what happened and you know it. They wouldn't even answer if any tether is backed by btc

>>25856347
Tether has been heavily fudded since btc was 2k moron, in a few years you’ll look back and say the same about selling at 35-40k for the same fud

>>25856347
He could, but he just realized massive massive capital gains in a biden presidency.
Nice.
He wants validation, pal.
Validation that he didn't fuck up. The fomo is still there... read between the lines dummy.

A multi billion dollar company with access to and some of the best minds in crypto, that’s been operating for 5 years that’s known about all of this coming for years is unprepared and on jan 15 the market will die. kek, is this the state of nocoiners? This shit may spook the chinks and those who barely speak the language, the same as the pump behind Bsv cause they believed Craig was satoshi. This shit doesn’t work on us all tho

Tether already got investigated years ago and they found nothing

>>25856330
You realize they don’t have to reveal everything to the public in an audit? There are reputable financial analysts and lawyers who do this shit. Then they come and say x% of their assets are cash, y% equivalent, etc. and they sign it.

Tether is unwilling to let anyone reputable do an audit. Either they don’t have funds or are doing some seriously illegal shit. There is no business reason for not submitting to an audit.

>>25856456
Any new law would apply to next year’s income, fool.

Also Guggenheim announcing on the same day they were taking money off the table on a SUNDAY, despite their sec filing say they can’t even buy until after the 31st of jan, on top of kraken going into cancel order only mode, same as cuckbase. I’ve seen these patterns since 2014 newfags, if you didn’t buy you’re gonna seethe yet again

>>25856348
USDT’s value would go to zero. Nobody would sell their BTC for USDT. The value of all existing USDT would go to zero.

>>25855693
strawman that the Tether fud brigade uses to bump every thread and paint their opponents as retarded

>>25856554
The democrats hold all the power.
Don't think too hard about what comes next w/ 55% of Americans doing terribly.

>>25856395
They printed 20 billion last year, people have discussed tether for a while but their actions this and last year are putting the rest of the market at risk

>>25856588
Strawman argument, tether bad

>>25856581
are you imply no one would get the information that it was going down ahead of the exchanges and attempt to front run tethers delisting? seems very unlikely.

>>25856631
What changed in the last year? you think rich people would just sit on the sidelines When the gov is trying to tax and steal their wealth, South America, South Africa, Asia and now the USA. Research capital flight

>>25855647
It's an example of how reason and logic have become almost completely irrelevant to any discussion. If some of you think you're being clever by manipulating people using these modern mind control tricks it will come back to bite you when there's no semblance of reason left.

>>25856588
The whole argument against tether beyond the 850m alleged loan to Bitfinex is strawman

>>25856348
>a panic INTO btc out of tether, pumping the price at best.
Whose gonna but the tethers anon?

>>25856639
Anyone trying to argue that tether doesn’t influence bitcoin’s price using MARKETCAP of all things is a charlatan, simple as.

>>25855693
>Ok goys, try this for yourself. Go to coingecko and check out the marketcap of tether. then the marketcap of btc. Divide the first by the second.

>Tether is 3% of BTC's marketcap. 3 fucking percent. Even if 100% of tether was fraudulent, and 100% of tether was used to do nothing but prop up btc, it would account for, at absolute max 3% of the marketcap.

>Get that through your heads you absolute brainlets.
This is most likely a nocoiner bumping the thread with an economically illiterate strawman.
They post this nonsensical 3% argument in every thread in an attempt to make Tether-defending coiners look retarded.

There's not a shred of evidence for any specific claims regarding tether scamming, just speculation which the absolute lowest subhuman scum of the earth accept as facts only because their perceived internet social circle seems to believe it.
>>25857155
The tether printing argument is based around increased market cap of tether leading to increased price of BTC and the demand leading to that cap not existing.
If it's a scam to inflate the market why is the cap only 20 billion when we can easily account for most of those billions in demand without even trying and why not just use the same billion infinitely since increasing the market cap isn't needed? There are multiple companies we know of holding billions or close to it right now.
Everything you retards say is to reframe everything to fit the conclusion you already decided you want. In one breath printing too much tether is the issue but in the next it doesn't matter how much (or little) you print.

>>25854640
>Maybe, but it's still pretty hard to believe.

FWIW, OTC brokers are big buyers of Tether.

>>25857465
I will explain it because people cant seem to grasp this simple concept:

Millions of bitcoin are inacessible due to various reasons (owner dying, lost keys etc). Thus the total exchange solvency is a fraction of the actual supply.

On the flipside, Tether prints and buys bitcoin from exchanges. Meaning tens of billions of tether are in exchanges.

Thus the question becomes:

BTC exchange solvency (subtracted by) Tether exchange solvency (which is nearly all of its market cap)

What happens when 20 billion USDT evaporates anon?

>>25857977
However you wrap it up to try and make it seem logical it’s merely speculation

>>25853304
In the last 7 days Tether has printed 3 billion. Is that 3 billion new dollars flowing in? I could actually see that happening.
>still not buying bitcoin till Tether goes out of business

Women use speculation on speculation and also try to trigger emotional feelings to get their point across and manipulate, men wait for logic and reason, we’re evidence based. The reason for the issues in the west are cucks like op and the tetherfudders who for their own agenda, usually envy, jealousy try to scare and manipulate Situations to their advantage slyly like women and plebbiters, there’s a reason in the Middle East women aren’t to be believed on their own merit, unless a man signs off on it. Cause women are emotional, manipulative and often fabricate so they can get an emotional effect out of some men, usually cucks like op

>>25858319

Crypto is and always has been a high risk, high reward market as an emerging asset. The risk is reducing but it’s still there and you’re awarded handsomely for it but life is like that for men, your success as a man is often related to how much risk can you handle and mitigate successfully where you can. It’s always been that way since the dawn of time, the man who stepped out of the cave to explorer took the chance and was rewarded but also punished for that, it’s life, there’s a reason very few women are in crypto, cause there risk tolerance is so low. Also the reason very few women are CEO’s if you’re tolerance is very little and you know you’re too emotional stick to other markets that’ve been explored and declared “safe” and have gone through price discovery and take your peanuts

>>25858483
>emerging asset
none of these ponzi coins do anything

>>25857977
>I will explain
>the most basic shit ever that nobody literate would think I had any problem grasping based on my previous post.
You're not explaining anything. You discovered the basics of price formation, congratulations, none of the fud follows.

>What happens when 20 billion USDT evaporates anon?
The company is liquidated and the assets used to pay debtors. The exchanges are tools of the market, they aren't the market. Tether is a token used to facilitate trade, if trade becomes less efficient that does not mean the price goes down, often it's the other way around and opportunities present themselves to make money correcting the inefficiencies.

All of this is irrelevant since there's precisely 0% chance that any of this fud is valid since it's not even coherent. The best you can hope for is a money laundering charge.

>>25858598
If you don’t understand the current climate after seeing the president the most powerful man on earth get cancelled including his campaign funding by visa, MasterCard and American Express yesterday. Seeing jack ma a powerful billionaire getting cuckd, How anyone now can be shut off at anytime for anything they may or may not have done evenin the past Worldwide, if you still don’t see a market for bitcoin eth and monero then As a great man once said, If you don't believe me or don't understand it, I don't have time to explain it to you

>>25858804
none of you newfags even know how bitcoin works.
Every transaction is stored on the blockchain it's a paper trail visible to everyone publicly. How the fuck is this supposed to help you evade the evil gubermint?

>>25858850
what is taproot
what is zksnarks
what is monero

>>25858967
Bitcoin started as a movement against banks. Now it is another asset out of many full controlled by banks.

Lightning network failed. It's not used as Satoshi intended, it's just a ponzi now.

>monero
no on ramps to USD. You can do some money laundering maybe with with Binance and tether. I fully expect governments to close that loophole soon.

>>25859119
more speculation

Uh bros, Deltec is classified in the Bahamas as a local institution and local institutions don't have more than $5 billion cash

https://twitter.com/ExkrementKoin/status/1348815781975494656

>>25859119

https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211
Hal Finney - December 30, 2010

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

https://twitter.com/nickszabo4/status/1012373493252419584?lang=en
Nick Szabo - Jun 28, 2018

My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.

>>25856744
Thats even worse you fool.

>>25859119
fiat<->BTC<->XMR
Even if exchanges used chainanalysis to blacklist BTC that traded BTC/XMR, there will always be a p2p market as long as there is a demand for that service and a % profit to be made from the spread.