/biz/ - Business & Finance

[Anonymous No.55257622]

>it's totally decentralized bro trust me bro
>hardforks to undo fraud, proving that they can literally make the official blockchain do whatever the like

[Anonymous No.55257627]

Nissan pathfinder guy here yes

[Anonymous No.55257631]

>>55257622
>it's trustless!!!
>what do you mean it's weird that tether replace these people's fund? we need to trust them to do what's right!

[Anonymous No.55257632]

>it's totally decentralized bro trust me bro
Name 1 person that said that fucking tether is decentralised
kys jew

[Anonymous No.55257644]

>>55257632
oh okay it's just that the entire "decentralized" cypto space relies on non-decentralized tether to avoid imploding. sounds decentralized to me (if i was retarded)

[Anonymous No.55257663]

>>55257644
>if I was retarded
>if
>was
you ARE retarded
I guess I couldn't expect more from a fucking jew

[Anonymous No.55257670]

>>55257663
don't worry the tether guys will keep your shitcoins above water until they get the call from mr bog. you're gonna make it!

[Anonymous No.55257687]

I expect the tether people to do everything they can to keep the ponzi going I do not care a single bit about the legality of it. They are our longest standing benevolent fraudsters.

[Anonymous No.55257688]

>>55257670
>you're gonna make it!
I know I am regardless of what you evil baby dick sucking big nosed brownoid desert people want

[Anonymos No.55257689]

>>55257622
Even better.
Tether is dependant on only one bank.

[Anonymous No.55257692]

>>55257663

[Anonymous No.55257697]

>>55257687
>>55257689
men with sense

>>55257663
abject retard

[Anonymous No.55257709]

>>55257697
namecalling doesn't work kike, try again

[Anonymos No.55257725]

>>55257697
Fun fact: They didn't update their whitepaper after the bank failures.

[Anonymous No.55257733]

>>55257687
you do realize that they have been minting their unbacked shitcoin out of thin air to manipulate the entire crypto market for almost a decade now

also Tether is CIA and you are rearded if you can't see this
https://nicolaborzi.medium.com/deltec-the-roots-of-the-tether-house-bank-lie-in-the-history-of-wall-street-9c98de2fef7e
But in its distant past, what is now Deltec Bank and Trust and its group of companies were part of one of the most powerful Wall Street financial entities in terms of relationship capitalism, true “éminences grises” of the business community. The current Deltec Bank and Trust is just the spin-off of a group of companies led by a handful of financiers, businessmen, entrepreneurs and bankers who, since the 1930s and then from the second half of the last century, have literally written the history of Wall Street and finance. A powerhouse whose business relations extended from the United States to Canada, Italy, France, the United Kingdom, Greece and Switzerland in Europe, passing through Lebanon, Syria, Israel and the Arab Emirates in the Middle East, in China, to also include Brazil, Venezuela, Colombia in Latin America and Panama, the Cayman Islands and the Bahamas in the Caribbean.

*retarted

[Anonymous No.55257740]

Nissan pathfinder guy here

[Anonymous No.55257743]

>>55257709
cool it with the antisemitic remarks, anon

[Anonymous No.55257747]

>>55257689
the history of tether switching from bank to bank is hilarious because they have literally all been completely transparent CIA shell front companies

the puerto rico one, the panama one, the hong kong one, all of them up to the hilt of their dick in shady CIA drug/arms trade money, not even hiding it
https://www.wsj.com/articles/crypto-companies-behind-tether-used-falsified-documents-and-shell-companies-to-get-bank-accounts-f798b0a5
https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether
https://decrypt.co/6824/crypto-capital-follow-up-article/
The story of Crypto Capital’s dark past and its deep ties with the crypto industry
Crypto Capital worked with organizations associated with financial crime, money laundering and securities fraud—and major crypto exchanges too.

*Ratarded

[Anonymous No.55257754]

>>55257622
>proving that they can literally make the official blockchain do whatever the like

It's centralized, what did you expect?

[Anonymous No.55257755]

>>55257692
Just another ten years and the crypto ponzi/bubble will die

[Anonymous No.55257776]

Guys it’s the Nissan pathfinder guy here

[Anonymous No.55257777]

everybody just ignores that the stablecoin underpinning all of crypto just prints billions out of thin air, lies about being audited, is run by hilariously obvious fraudsters, and the fact that they lie cheat and steal has been proven in court multiple times in lawsuits filed by the United States Government
https://www.cftc.gov/PressRoom/PressReleases/8450-21
CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million
Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited (d/b/a Tether) for making untrue or misleading statements with the U.S. dollar tether token (USDT) stablecoin. The order requires Tether to pay a civil monetary penalty of $41 million and to cease and desist from any further violations of the Commodity Exchange Act (CEA)

The CFTC today also issued a separate order simultaneously filing and settling charges against iFinex Inc., BFXNA Inc., and BFXWW Inc. (d/b/a Bitfinex) in connection with their operation of the Bitfinex cryptocurrency trading platform.

https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal
Attorney General James Ends Virtual Currency Trading Platform Bitfinex’s Illegal Activities in New York

you can talk to literal Rain Man level crypto autists who can instantly look at extremely complex arcane defi systems and point out the one single weak point or attack surface, or Patagonia vest-wearing VC fags who regularly gamble millions of dollars on startups, and point out that every single thing in crypto in an era of increasingly prevalent regulation depends on one single company that everyone knows is a scam, but if you suggest that Tether might potentially be regulated out of existence and cause everything to crash, they will start rocking back and forth
*retared

[Anonymous No.55257779]

>>55257754
"decentralized" is just a buzzword and always has been. any system will trend towards centralization in the long term as influence is solidified by an individual or group.

also from my comment above:
the entire "decentralized" cypto space relies on non-decentralized tether to avoid imploding

the ponzi will continue for a while but if you think this is the future you're dreaming

[Anonymous No.55257784]

>>55257776
find us a path my pathfinder

[Anonymous No.55257787]

oh and the best part it was started by a child actor implicated in a gay sex trafficking/imprisonment case
https://www.thedailybeast.com/meet-brock-pierce-the-presidential-candidate-with-ties-to-two-pedophiles-who-wants-to-end-human-trafficking
https://www.benzinga.com/markets/cryptocurrency/23/04/31730873/exclusive-tether-co-founder-brock-pierce-have-bank-failures-let-crypto-shine-we-dont-know-

*retatred

[Anonymous No.55257803]

>>55257779
motherfucker the main financial regulator in the united states just arbitrarily fucked the two biggest exchanges in the world this past week and you are claiming that Tether, a completely transparent fraud that has been convicted by the US government of being fraudulent while doing fraud and committing fraud, will "continue for a while"

on what basis do you claim that? and what do you consider "a while?"
i am not a gambler because i'm not reterded but i would bet $10k that Tether in its present form will die or have a large enforcement action specifically targeting its access to on and off ramps and exchanges within 365 days

*raterted

[Anonymous No.55257811]

>>55257777
Thank you

[Anonymous No.55257851]

>>55257811
you welcome!

*raturded

[Anonymous No.55257858]

>>55257733
Of course I realize they're manipulating the market but there's nothing to do except enjoy the game of musical chairs until they pull the highest quality rug (or some glowies backstab them). I simply will hope for the best.

[Anonymous No.55257860]

>>55257803
IMO us government would also like to cuck the chinese and russian whales but doesn't want to hurt the opportunity if its own capital holding class to make more money. doubt they'll sink it like that but I could be wrong

[Anonymos No.55257867]

>>55257860
It has never been about the money.
Money can be easily printed.
Its control.

[Anonymous No.55257872]

>>55257867
billions of people go to work as dutiful wagecucks every day for money. what other mechanism offers more control?

[Anonymos No.55257880]

>>55257872
They have to eat.
They have to sleep somewhere.
Just buy up all the assets.

[Anonymous No.55257905]

>>55257622
Your fucking stupid. Tether isn't decentralized and nobody ever said it was. They've been freezing assets for a long time. They are the first people to call when you want to retrieve stolen funds.

[Anonymous No.55257913]

>>55257905
I repeat:
>oh okay it's just that the entire "decentralized" cypto space relies on non-decentralized tether to avoid imploding. sounds decentralized to me (if i was retarded)

[Anonymous No.55257917]

>>55257880
>buy

[Anonymos No.55257924]

>>55257917
If you have the power to create money buying is easy.

[Anonymous No.55257941]

>>55257905
*you’re

[Anonymous No.55257967]

>>55257803
I'm not as retarded as you, but what you said is plausible. However the impact, the 'banking' is outside of US jurisdiction, and continues to give its cut for the US juridical institutions to keep up being 'right' within the dollar network.

For another large enforcement action targeting on/off ramping to happen the incentives in the players need to be stronger towards 'redeeming' credibility, which already, for anyone following what you said, seems record low.
Glowies of course got conflicting intetests, and the big one these days could banking contra the techies/shitcoiners. Institutions/glowies want to control what the techies/glowies have acoomulated. And between them, tether.

I've read tethers main function to start with was buying up bitcoin. That's the reason for the price manipulation and obvious ponzi aspect of it, because they want ue to sell low and buy high.
Now, banksters still want total mind control and dollar dominance. The new class of equally fake money must mean they fundamentally can't agree on some things, so, probably, a show of force is needed somewhere in any potential power struggle. But I sense this is showing that bitcoin eventually is flipping into being more sound money, if the rumour that tether has been upping the buying spree is true. Either way, all fiat will burn eventually because people want to opt out of using money based on people working with immoral principles.

But tech-wise it's uncertain in the longer run btc will remain, I think. I wonder if the network ever will break down, and again it's the incentives we need to look for by guessing. All the fake money handlers need to do is agree on neutrlity between interests.

Centralized shitcoins still shine, backed by normie enslavement, but all eventually must fail because of their sinking confidence based on clearly flawed fundamental principles, inaccountability and eventual corruption. I think it's anyones guess which kind is in favor at what time of the cycle.

[Anonymous No.55258059]

>>55257644
Sir that's only Bitcoin. If you know u know.

[Anonymous No.55258061]

Tether is and never was decentralized you fucking retard, it never advertized it

[Anonymous No.55258176]

Bitcoin cultists love to gloat about their holy magic beans being more resilient than other shitcoins, refusing to acknowledge that all of its value comes from a massive decade-long pump sustained by an obvious fraud of a company (Bitfinex), and that the moment that company has the regulatory hammer come down on it, the whole Bitcoin house of cards collapses permanently and maxi dweebs are exposed as the very same kinds of hucksters and fools that infest the rest of the crypto space.

[Anonymous No.55258269]

>>55257644
what?
literally nobody uses tether except chinks on centralized casinos
which is as far from crypto as you can get while still being crypto
if you want to complain about muh centralized crypto dependency, why not take aim at usdc?
are you some fucking faggot normalfag?

[Anonymous No.55258298]

>>55257777
holy cuckold quads
everyone in crypto tether is rotten
what the fuck is it with you repulsive normalfags acting like your favorite "bisexual finance" centralized exchange is "the blockchain"
are retards trading on wall street "the economy"?
no, you mongoloids
traders are the leeches trying to extract value from what actually creates value. you know... products. services
amount of mouthbreathing tourists on this board holy shit. i swear. "you fucks" better be one retard hopping proxies to agree with himself otherwise this whole topic is incredibly sad

[Anonymous No.55258483]

>>55257622
I'm fully committed to decentralization, so ama get glammed up on whatever has this feats too.
Reason why I'm all about what Sylo and the futureverse are cooking up. Creating an open metaverse that ain't some walled garden is a huge fucking deal.

[Anonymous No.55258524]

>more tether cope from late adopters
it's too late for you, you missed crypto, go find something else to cry about