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/biz/ - Business & Finance

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25335592 No.25335592 [Reply] [Original]

Uh g-guys what h-h-happens if they kill tether

>> No.25335606

>>25335592
They always get sued though

>> No.25335612

>>25335592
FUCKKKK here we go boys this is the china and korea fud of 2020.

>> No.25335614

It was an exit pump all along

>> No.25335619

>>25335592
>cryptowhale
this guy is a known scammer and it's probably OP

>> No.25335620

tether needs to die for crypto to flourish

>> No.25335646

>>25335592
Bitcoin flies to $100k

>> No.25335652

>>25335592
>what happens if the 1.7 trillion daily volume cone gets SEC'd

I will go on a shopping spree of a century, my dudes. I almost want it to happen. There will be 300%+ daily returns on a rebound.

>> No.25335664

>>25335592
I thought securities were based on the expectation of profit? How can you profit holding a stablecoin?

>> No.25335675
File: 139 KB, 900x900, bizonacci.jpg [View same] [iqdb] [saucenao] [google]
25335675

>>25335612
>FUCKKKK here we go boys this is the china and korea fud of 2020.
>reload ze tether fud from 2017

>> No.25335677
File: 470 KB, 837x878, rashida stable coins.jpg [View same] [iqdb] [saucenao] [google]
25335677

Obviously we need this to protect POCs

>> No.25335685

>>25335592
>considering
>if
>likely
what if im considering if it is likely i kill this twitter poster ? fucking faggot opened his shorts

>> No.25335686

>>25335664
ask bitfinex lmao

>> No.25335689
File: 1 KB, 125x51, fud.jpg [View same] [iqdb] [saucenao] [google]
25335689

>>25335592
More biz level FUD

>> No.25335691

>>25335619
this

>> No.25335714

Why the SEC fucking with errbody?

>> No.25335720

>>25335664
That was my first thought too..
They're going to rewrite the book just to wage war on decentralized stablecoins to make way for their centralized bullshit

>> No.25335723

>>25335592
if tether is a security, then casino chips are a security also. they're the same thing

>> No.25335725

bitcoin is the new stablecoin.

>> No.25335764
File: 122 KB, 960x960, bitcoin snail.png [View same] [iqdb] [saucenao] [google]
25335764

bitcoin is the new stablecoin. convert your tether and usdc into bitcoin now!

>> No.25335773

>>25335677
POC now means Black. Asians used to be part of it, but they are excelling in every capacity without handouts just by using their brains. South Asians used to be part of POC, but they are now the most affluent segment of American population.

Shiggy diggy.

>> No.25335804

>>25335714
banks are paying them to try to shut down the competition. it wont work. bitcoin only goes up

>> No.25335826

>>25335592
Fake news as always

>> No.25335841

>>25335592
i've never used tether in my life. don't care.
t. still holding the xrp i bought specifically for flare.

>> No.25335879

>>25335592
Tether are based in the British Virgin Islands. SEC can't do shit.

>> No.25335890

/xsg/ tried telling you motherfuckers that exchanges delisting or halting trades on accusation alone was gonna be a slippery slope for the industry as a whole but all you faggots could say was
>lololololol get fucked Ripplecuck
SEC now knows they can just accuse without proof and sink a fucking token. Think of how rock hard those glowie jew rats are.

>> No.25335927

>>25335723
Woah

>> No.25335981

>>25335620
>tether needs to die for crypto to flourish
bzzt bzzt heyyy I can hear your 2 neurons firing!

>> No.25336052

>>25335592
dont even know what you need tether for at this point with fiat pairs and other 349 stable coins

>> No.25336055
File: 29 KB, 609x261, EkBphCbX0AAi9sc.jpg [View same] [iqdb] [saucenao] [google]
25336055

>>25335723

>> No.25336163
File: 121 KB, 500x500, 1606139796237.png [View same] [iqdb] [saucenao] [google]
25336163

BULLISH

>> No.25336186

>>25335620
based

>> No.25336219

>>25335890
Goddamnit man.
Since when did crypto give a FUCK about what centralized institutions think? Who gives a fuck? Fuck them. Its the whole point of a decentralized currency. The fuck

>> No.25336253

>>25335619
Yeah fuck that guy. Always disappears when there is a giveaway he advertised or when he gets btfo

>> No.25336277

>>25335689
what is this? FUD for ANTS?

>> No.25336334

>>25335592
Oh no no no no they’re talking about putting a bill through, cya in 3-4 years when it may get through in a weakened form kek

>> No.25336362

>>25335677
Virtue signalling to push through control orders, classic

>> No.25336391

This guy is a known fucking scammer and fucked over many an Anon.

>> No.25336416

>>25335592
Tether HQ isn't even in the US is it? SEC can go after XRP and maybe LINK, but going after Tether is a waste of time. If the fed can print money at will to falsify the economic recovery, then Tether can do the same for crypto

>> No.25336457

>>25335592
This fucking nigger was shilling XRP like no tomorrow.

>> No.25336469

>>25336391
this anon is a known bot and you should never assume that any of the posts on here are human

>> No.25336486

>>25335619
This guy was touting XRP as being regulation proof and was the first to get regulated. I fucking hate this nigger, if there was one twitter user that I would love to beat to death it would be him.

>> No.25336528

>>25336219
Since normies and institutional money started coming in to the space. Since Eth decided to build out a smart contract platform to try and draw money in. Since oracle solutions began trying to bring off chain data on chain. Literally the only ones not begging for mainstream adoption are BTC and Monero. Everything else has sold out in hope of flipping a buck.

>> No.25336532

>>25336469
I am talking about that fucking cunt who run that outfit of bots including this one.

>> No.25336545

>>25335890
that only worked on xrp ebcause its a literal scam token not even a crypto
if they try that on btc it wouldnt do shit but they wont because btc is not a scam token

>> No.25336558
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25336558

>>25335677
>congress suddenly cares about the middle class now

fucking niggers

>> No.25336592

>>25335677
The most delicious irony is that eliminating cryptocurrency merely enforces the “moat” of big banks which have you guessed it exploited muh poor minorities. It directly helps the exploiters. Just the dumbest shit, thanks you lightbulb headed MORONS for voting in this skinny. Also thanks catholic charities for importing that garbage as voters. Fucking hell.

>> No.25336622

>>25335592
Xrp will be declared a currency while all other crypto gets declared a security

>> No.25336648

>>25335592
SEC fines companies for being out of compliance, it doesn't kill them

>> No.25336697

>>25335686
Good point I guess

>> No.25336725

>>25336416
>If the fed can print money at will to falsify the economic recovery, then Tether can do the same for crypto
Except one of those is a federally backed institution of the United States

>> No.25336763

>>25335677
Lmao amerisharts are finished, I better start learning Chinese and Russian

>> No.25336943

>>25335592
>What happens if they kill tether
Stablecoins are either 1 or 0. Tether would deflate. BTC would dip, causing liquidations, causing it to dip hard. All the defi protocols that are leveraged on tether would crash. Many would never recover.

>> No.25336964

>>25335592
Ahahaha the good old tether fud.
A classic.

>> No.25337027
File: 23 KB, 682x675, 1509465244677.jpg [View same] [iqdb] [saucenao] [google]
25337027

>>25335592
what the FUCK /biz/ you told me tether was going to the moon why did you fuckers lie to me??

>> No.25337044

>>25335592
what does this mean for RSR?

>> No.25337083

>>25335592

My body is ready. I currently have 2 BTC but will go balls deep if this shit crashes

>> No.25337103

>>25335592
RSV

>> No.25337128

>>25337044
It means RSV replaces tether

>> No.25337171

>>25335714
Because it's their job?

>> No.25337189

they fell for the donald trump MAGA

L M A O, sorry goys, only israel can print money

>> No.25337227

>>25335677
I fucking hate how "think of the children" became "think of the niggers" as a justification for passing BS laws. They are just the ideal pawns for elites.

>> No.25337256

>>25336622
checked

>> No.25337292

>>25337128
holy shit!

>> No.25337304

>>25335890
Nah. They can’t keep pulling that nonsense before Coinbased goes “nope”

>> No.25337394

>>25335677
is this why nyt has made like three articles talking about how racist coinbase is?

>> No.25337456

>>25335592

This Dude been spouting bearish news since beginning of the year and till the recovery and new ATH of BTC.

yes tether has a SEC investigation but when will it be really attacked be done for. can take years we will hear some news on the 15th of January 2021.

>> No.25337482

>>25336943
XMR would survive and become the top crypto.

>> No.25337495

>>25336416
Title 18 USC section 471
>Whoever, with intent to defraud, falsely makes, forges, counterfeits, or alters any obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both.

>> No.25337501

>>25335723
It’s a security because the tether are not backed, they put money into a basket of assets they manage, and they are the sole operators. Decentralized stable coins are fun. Sorry the government isn’t going to let China run a slush fun dollar peg? Fucking retards I swear

>> No.25337560
File: 334 KB, 896x900, iscoffee.png [View same] [iqdb] [saucenao] [google]
25337560

>>25337501
hows that work for RSR which is a stablecoin but its backed. however its backed by other possibly unbacked coins?
thx fren

>> No.25337595

>>25336277
Kek

>> No.25337628

>>25337560
If your stable coin is vaguely decentralized or algorithmic it’s probably fine. These slush fund centralized sanction evading dollar pegs are fucked as hell

>> No.25337651

>>25337227
apparently POC are so stupid that they need to be infantilized by the government, at least according to our politicians, goes to show you who the real racists are

>> No.25337664

>>25337651
the dumbest people of all are white baby boomers

>> No.25337668

>>25337651
they're called niggers you gaping faggot

>> No.25337680

>>25335592
bullish
it just means anyone retarded enough to hold stablecoins or loan our stablecoins is going to lose bigly while everyone else who got crypto for those stablecoins gets away with murder

>> No.25337691
File: 109 KB, 268x274, rsr coomer.png [View same] [iqdb] [saucenao] [google]
25337691

>>25337628
interdasting. 2021 will be the rise of the non-securitized stable coins

>> No.25337711

>>25335592
This is nothing compared to this:

https://www.bnnbloomberg.ca/treasury-proposes-cracking-down-on-virtual-currency-transfers-1.1538749#.X94QLtVzV5k.twitter

They are going to basically make it illegal to host your own wallets. Then once all liquidity is in Coinbase, they will pull an EO 6012 and short the fuck out of it (which is why they enabled shorting on the first place)

>> No.25337712

>>25337664
greedy but not stupid
in the US even after hundreds of years of forced education the average nigger IQ is 85 which is lower than gorillas and basically retarded

>> No.25337724

>>25335677
i don't get it can someone explain how stablecoins incite investors into jumping head first into a ponzi scheme like xrp or bitconnect?
stable coins don't appreciate against fiat that's their entire point.

>> No.25337802

>>25337628
USDC?

>> No.25337854

>>25337802
I think it will get shut down but they aren’t doing anything illegal like tether

>> No.25337856

Will USDC be illegal?

>> No.25337886

>>25337854
where the fuck do i put my money to keep it safe from the feds

>> No.25337892
File: 174 KB, 528x321, 1599197726159.png [View same] [iqdb] [saucenao] [google]
25337892

>>25335592
>what h-h-happens if they kill tether
All the tether goes into the crypto market and other coins and it will look like the most godlike pump the financial markets and world has ever seen.

>> No.25337942

>>25337892
yeah, but it could also cause a huge amount of panic, causing a lot of people to just cash out

>> No.25337987

>>25337886
Monero. There’s a new project called haven that’s trying to do dollar pegs on a Monero fork but idk if their implementation will work or if it the project code has been audited yet but that concept seems like the future to me

>> No.25338034

>>25335592
I don't fuck with boring stablecoins.

>> No.25338117

>>25337886
Why do you think USDC is same from the feds? Same for Tether, both of these coins were able to censor hacker coins, they're not decentralized.

>> No.25338143

>>25338117
*safe from

>> No.25338193

just sheer denial of reality in this thread, I'm laughing just thinking about how /biz/ is going to act when it eventually happens

>> No.25338240

>>25336592
>he doesn't know about black banks

>> No.25338376

>>25336622
Nah, it will set a precedent that you must go to court to have your coin declared a currency, otherwise it will be presumed a security

>> No.25338469

>>25335592
People dump tether for BTC. Moon.

>> No.25338529

>>25335592
How is a stable coin a security when it tracks the price of USD? Can someone explain?

>> No.25338558

>>25337664
They are dumb that they got tricked by Jews in supporting their bullshit but in terms of competence in the functionality of a conformable, high trust and safe society they are good. Whites will always be the best people to live around. When whites are gone there will be no good places left on this Earth.

>> No.25338576

>>25335592
it's about time

>> No.25338645

>>25338529
its a security issued by the tether reserve, the SEC should at least audit them and require a full transparency disclosure on their assets

>> No.25338684

>>25335592
how the fuck could stablecoins possibly be a security?

>> No.25338740
File: 17 KB, 601x232, crypto whale.jpg [View same] [iqdb] [saucenao] [google]
25338740

>>25335619
kek, he's been adding to shorts since 10k. He's fucked.

>> No.25338771

>>25335664
>>25335720
MKR/DAI would be a good example. You expect to make a profit by holding MKR, and holding MKR is necessary for the algo to keep DAI pegged to USD.

>> No.25338778

>>25338740
selling the top means he's smart

>> No.25338794

>>25338778
the state of /biz/
look at the fucking date you mong

>> No.25338816

>>25335592
honestly bullish in this environment, everyone is already fomoing into BTC, that will likely absorb tether in short term until more exchanges find alternatives.

>> No.25338836

Does that mean it's illegal to buy cash?

>> No.25338858
File: 44 KB, 729x767, 1605897941163.jpg [View same] [iqdb] [saucenao] [google]
25338858

Tether will kill crypto in the long term.

>> No.25338867

>>25338558
japanese nigga?

>> No.25338878

>>25338645
Ah, so it’s not stablecoins in general

>> No.25338877

>>25335890
just more bullish for ETH and BTC: not securities
–sec

>> No.25338935

>>25335592
you can't change the law and then sue someone for something they did when it wasn't illegal.

If anything tether will sue the government.

>> No.25338974

>>25335720
DAI

>> No.25339071

>>25338645
everyone also forgets that no US exchanges are allowed to use USDT now anyway. Tether isn't based in the US.
The SEC can try to attack people or related companies in the US, but the SEC has no direct authority over tether.
They also are no longer claiming to have a 1:1 reserve of USD, so it's simply a token pegged to the value of a dollar, which, again the SEC has no right to mettle with.
They still could be way under collateralized and have it all come crashing down, but the SEC lawsuit is nothing more than toothless fud

>> No.25339126

>>25338858
people like to mock this "you'll own nothing" line but really it's the truth. Everything is being turned into a service/subscription and that's what people have shown they prefer. people used to own movies on DVDs now everyone has Netflix. People used to own music on CDs now everyone has Spotify. Many consumer products are available on subscription basis e.g. iPhone subscriptions & Xbox All Access where you can get the latest iPhone or Xbox for a monthly fee. Xbox Game Pass is another example, where you get a library of games for a monthly subscription. Cloud Computing, another example. People now rent their IT infrastructure instead of buying. eventually that will make its way to consumers. Nissan has a car subscription service where for a monthly membership fee you can take a car and return it for a different car whenever you like, we may see more services like this if it proves successful. People may decide that renting a car and being able to get a new car on a whim works better for them. Renting is going to become the norm as real estate becomes too expensive for anyone to own but that's okay as renting gives you flexibility and no liabilities. People might decide they actually like the freedom that comes with renting.

Renting is the way of the future and the success of existing services shows people are on board. You will own nothing. Any you will for real like it.

>> No.25339477

Extremely bullish for BTC,LTC, and XMR

>> No.25339699

>>25339126
no. they're already pissed they can't afford rent, faggot. not everything should be run like china and israel

>> No.25339744

>>25337942
They'd go to dollars, DAI and BTC. It would pump BTC and ETH up.