/biz/ - Business & Finance

>>49579349
Isn't it backed by like 3% Dollars?

>>49579349
ohhhh bobo

>>49579394
>Money arrived in the account the day before and left after
Immaculate troll

has the us dollar had its holdings independently verified?

>>49579349
Tether is part of the gang you moron
they have visited every WEF the past 5 years
cope harder
if it rugs, then it's part of the ultimate plan....

>>49579349
>LOAD ZE TETHER FUD
>LOAD IT AGAIN
>AND AGAIN
>AND AGAIN
>AND AGAIN
>AND AGAIN

>AND AGAIN
>AND AGAIN
>AND AGAIN
>AND AGAIN
>Tether keeps trucking on normally after a bit of turbulence, while I make mad stacks off of trading it normally then immediately converting and cashing it out.

I hope you fudding bitches are having fun spamming these threads nonstop, cuz I'm sure having fun making money.

Get rid of all your stables.

The entire point of crypto was to replace the fiat currency system due to its inherent centralization. Instead of a centralized entity saying "let there be money", we have an open and distributed network of peers saying "let there be money" - in such a way that no individual can own or control the entire system.

And yet, I keep seeing centralized kike projects owned and controlled by private for-profit companies that promise the moon to any sucker willing to throw money at them, claiming that their totally groundbreaking, absolutely unbreakable, 100% guaranteed trustworthy solution will solve all the problems that all the other projects before them failed to solve.

>Oy what's that, you've found that the system has problems? If things aren't running 100% smoothly you might lose all your money? Don't worry! That's just growing pains! The perfect solution is coming soon! <JEW> company will always be around to fix any issues, and you'll get all the profits you deserve just by sitting there doing nothing! Look! Other goys are giving us their money and number is going up again! That must mean that everything is fine!

Here's a quick litmus test to determine if a crypto project is worth anything: is it owned or controlled by a centralized company? Does its network rely on a small group of nodes that only a select few can run? If that company and/or group went bust tomorrow, would it still keep working, or even existing?
If the answer to any one of those questions was no, then that project is absolutely worthless.

Stablecoins, in that regard, are one of the worst offenders, and the furthest things from the original goals of freedom and decentralization. They are just another financial product, sold by yet another for-profit company that's aiming to earn a profit off of (you).

Cryptocurrencies - REAL cryptocurrencies - are supposed to create a new form of sound money: backed by the will of the people who use it.

>>49579504
Prove me wrong cunt. Its not FUD, its objective fact

>>49579430
No, but neither has the OP's boi pussy, so it all checks out in the end.

>>49579549
Always this fucking retards saying "FUUUD" when you bring up legitimate fucking issues.
I hate Tether, they are clearly hiding something, otherwise they would have had an independent audit by now to shut up all the critique.
I hope the go tits up and burn this shit to the ground, then I will feel much more comfortable with the crypto market long term.

>>49579394
>>49579428
The 'totally independent from Tether Inc. Bahamas Financial Giant, Deltec..'?
Gee. That's put my mind at rest.