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/biz/ - Business & Finance

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File: 5 KB, 420x130, TetherLogoWeb.png [View same] [iqdb] [saucenao] [google]
3501007 No.3501007 [Reply] [Original]

I BOUGHT 10k OF THESE AND IT JUST STAYS AT $1.00, WTF!!!!!! GO UP YOU PIECE OF SHIT

>> No.3501042

>Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency.

>There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.

Literally monopoly money.

>> No.3501070

>>3501042
this. It is worth exactly as much as they want and I've read that they actually only have enough money to refund 1/6th of people holding tether. INn the end they'll probably just say they won't refund their car wash tokens and run off with the money. They can legally do that according to their T&C.

https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/

>> No.3501102

>>3501070
They don't even need to refund anyone, because everyone agreed to using monopoly money. They are literally happy with swapping their USD into a currency that is worth 0 and does not declare to be otherwise. There is bound to be a huge tremor in this market sooner or later.

>> No.3501165

>>3501102
I can't wait for the day to see tether faggots get their just desserts.

>> No.3501524

>>3501007
Tether will moon soon guys

>> No.3501533
File: 69 KB, 396x382, IMG_0594.jpg [View same] [iqdb] [saucenao] [google]
3501533

>> No.3501565

>>3501042
I don't understand why its so hard to theoretically guarantee tether.

There's $442 million of them. If you crowdfunded or whatever $442 million, or just recreate the currency with an achievable number, you could keep them in reserve.

Tell everyone it's backed by that cash and ONLY release it if Tether stays below $0.50 or something.

This is such a solid idea for crypto it shouldn't be run by a scam

>> No.3501772

Once this puppy breaks out I can see ot going to $2 easily... I'm stacking as much as I can, this will be a one way moon ticket.

Solid dev team too.

>> No.3501865

>>3501565
>Tell everyone it's backed by that cash and ONLY release it if Tether stays below $0.50 or something.

Why would they do that when they can literally print and launder hundreds of millions of USD?

>> No.3501899

>>3501070
>>3501007
Fudding tether during a crash will kill btc and may be the most immoral type of fudding as more people than ever people will lose everything.

You must be evil to fud tether.

>> No.3501909

>>3501865
Put in a smart contract

>> No.3501923

>>3501007
i genuinely cant tell if these posts are a troll or if there are sub 85iq posters on this board

>> No.3501954

>>3501923
>buy currency that costs 1 dollar for 1
>but it's not currency
>y-you are the retard

>> No.3501968

>>3501923
99% of people are like that. They make us richer by being so stupid.

>> No.3502036
File: 329 KB, 1928x664, Screen Shot 2017-09-16 at 10.28.40 AM.png [View same] [iqdb] [saucenao] [google]
3502036

HAHAHAHA I'M FUCKING RICH YOU FAGGOTS TOLD ME THIS WOULD NEVER MOON

>> No.3502186

>>3502036
kek