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/biz/ - Business & Finance

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52560722 No.52560722 [Reply] [Original]

Tether will never collapse because too much institution won't let that happen

>> No.52560770

>>52560722
why do we still use USDT, an actually centralized sink, instead of DAI?

Also, why am I still getting captchas despite spending my entire year's worth of salary on a 4chan pass?

>> No.52560793

>>52560722
Anon, tradFin went in on USDC, not Tether......

>> No.52562243

>>52560722

> you are absolutely right anon

Hence why you DYOR TIdecoin now.

Tip: It is Bitcoin.

Current Btc is out of date. Take this advise from a person who has been into crypto since 2007. ‘Liberty Reserve’

>> No.52562269
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52562269

>>52560722
Stablecoins are a technological nightmare, more art than science. If governments want to get rid of crypto they won't legislate they'll simply shine a spotlight on them. It's ogre.

>> No.52562427

>>52560722
>Tether will never collapse because too much institution won't let that happen
Consider 2008. Now imagine rather than shitty overpriced mcmansions backed by $9/hr employees on 9 hour contracts.

You have a magic print out of thin air token, backed by unknown assets valued at whatever the token paid for the assets, it declares the asset they bought with nothing as being worth.

Hey you have this worthless junk you want sold... I'll print some tether and buy the motherfucker with magic tether token. There you go. Now your token is backed by the worthless asset I bought from you with air token that you declared was worth more than it was.

Everyone wins.

>> No.52564028
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52564028

>>52560722
>too much institution won't let that happen

>> No.52564044
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52564044

>>52560722
>Lehman bros will never collapse because too much institution won't let that happen

>> No.52564060

>>52562269
the problem is that you can't store value on the blockchain itself or have physical objects linked to it

>> No.52564103

>>52560722
wanna bet retard?, im collapsing tether TODAY, WITH NO SURVIVORS.

>> No.52564130
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52564130

Old/biz/ hated Bitfinex/Tether and you should too.

OHHHHHHHHH CAROLINEEEEEEEEEEEEEE

>> No.52564170

>>52560722
>60bill
>50 'employees'
>mints out of thin air
>organization headed by scammers and felons
>not a single audit since inception
>refuses to show reserves

I wonder how much they have siphoned off by now, and how much they will steal in the next few months as they face court judgements ... as for any support there is USDC and other alternatives (also scams). Only option for bailout is from Mexican drug cartels that basically own it...but even that will fail audit

>> No.52564483

I hope Tether scammers get scammed by the sketchy banks they are forced to use. The banks simply telling them "sorry your accounts are frozen because you lied to use about the business you do". What is Tether going to do? Sue them? Good luck with Chinese or other corrupt individuals in third world countries.

>> No.52564494

>>52564170
I’m actually interested in the usdc scam.

>> No.52564507

Many people fail to realize usdc is also a scam. Is this what will take over after they collapse tether or will they both be exposed?

>> No.52564618
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52564618

Caroline's bond is due. She's gotta do the 5Guys combo on the Bitfinex Exec. We all know what happens after that.

@Spacegoat get your LARP outfit on, straighten your hair. You've got a total crypto apocalypse to instigate and we're getting our shorts ready.

>> No.52564929
File: 136 KB, 955x412, teether.jpg [View same] [iqdb] [saucenao] [google]
52564929

>>52564507
All stable coins are a joke, none of them work. More fiat than fiat.

>> No.52565204

>>52564494
>>52564507
i can see usdc be the big winner after tether collapse gaining a lot of trust for the next exit scam (when normies will have bought in due to inflation) before GIDC

>> No.52565380

>>52560770
I prefer to use UST. :) I'm absolutely a lunatic boy. My entire net worth is in LUNA and UST. 60%UST, 40% LUNA . Am I going to make it?

>> No.52565444

https://www.youtube.com/watch?v=1r_vMKS84eY

>> No.52565446

>>52565380
i'll give u tree fiddy for all of that

>> No.52565558

>>52560722
Tether will collapse to be replaced by and institutional alternative

>> No.52565589

>>52560722
>because too much institution won't let that happen
have you been living under a rock fella?
FTX had numerous institutional investors, hedge funds even F1 sponsorship with Mercedes.
And there is no too big to fail in the investing world when Lehman Brothers collapsed in 2008.