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28997190

Anonymous Wed Feb 17 20:15:13 2021 No.28997190 [Reply] [Original]

Daily reminder that a literal bitfinex employee admitted that USDT is minted with the intention of being traded for crypto, not USD, which essentially doubles the amount of "money" in the system every time they do these exchanges.
Thats why they are printing ever bigger batches as the market is growing in market cap. First it was 100 million USDT batches, then 400 million and now its already are at 1 billion USDT. THe real reason the batches are becoming bigger is not because more USD is moving into the market, its because crypto is worth more. This is a vicious cycle and there is no actual significant amount of USD coming into the system compared to what its created in USDT. the only reason this insanely fraudulent market hasnt been exposed yet is because youre all delusional retards that refuse to actually cashout and never will until its too late

>>	Anonymous Wed Feb 17 20:17:00 2021 No.28997315 I thought this FUD was debunked. Didn't Tether pay off their loans?

>>	Anonymous Wed Feb 17 20:18:45 2021 No.28997445 And banks hold 10% of their landings. The world's a ponzi scam.

>>

Anonymous Wed Feb 17 20:23:54 2021 No.28997785

oh boy more tether FUD, to the moon we go. whats it been, 10 years now?

his reasoning is retarded. no one trades USD/USDT. They convert their BTC to USDT when they think its topped out. and convert back to BTC.
The exact route of the demand for the tether doesn't really matter, as crypto grows demand for tether grows with it.

>>	Anonymous Wed Feb 17 20:28:59 2021 No.28998123 File: 216 KB, 351x329, 1609542398141.png [View same] [iqdb] [saucenao] [google] You know what? Fuck USD, Crypto IS worth more.

>>	Anonymous Wed Feb 17 20:30:39 2021 No.28998239 >>28997785 so youre saying theres no USD reserves and that all that USDT isnt backed? not that i need you to admit that, but thanks for saying it

>>	Anonymous Wed Feb 17 20:33:22 2021 No.28998417 >>28998239 Ok ok fuck OP I admit it! Now what you gonna do about it link?

>>	Anonymous Wed Feb 17 20:35:19 2021 No.28998530 File: 76 KB, 593x563, 1589250297023.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Wed Feb 17 20:35:39 2021 No.28998555 >>28997190 imagine actually thinking a pajeet community manager knows anything about how tether operates. it's beyond his paygrade.

>>	Anonymous Wed Feb 17 20:37:19 2021 No.28998670 >>28997785 >. no one trades USD/USDT Anon you realize the entire value proposition of tether is that it's backed 1:1 with US dollars, right?

>>	Anonymous Wed Feb 17 20:38:43 2021 No.28998751 >>28998670 at this point its basically a belief system. as long as all the cryptoretards believe that its 1 to 1 to the USD and they actually dont cash out because muh fiat bad it will work out just fine

>>	Anonymous Wed Feb 17 20:41:07 2021 No.28998890 >>28998670 > the entire value proposition of tether is that it's backed 1:1 with US dollars, right how come binance doesnt have tether 1:1 usd?

>>

Anonymous Wed Feb 17 20:43:36 2021 No.28999024

>>28998751
Awwww baby finally figured out how modern economics work?
Jesus fucking christ.
Pull out a euro bill and look at it. Compare it to any other bill. How is it a valid bill of legal tender? I would argue it is not. It is monopoly money. But literally hundreds of millions believe in it so there it sits.
Fucking child grow up. Next you’ll be shilling threads that the gold vaults are empty like we didnt figure that out years ago. Grow up. Fuck off.

>>	Anonymous Wed Feb 17 20:45:12 2021 No.28999129 >>28999024 tether doesnt have an army to backup their scam. have fun while it lasts cryptotards

>>	Anonymous Wed Feb 17 20:46:19 2021 No.28999188 >>28997445 In the US they have a zero reserve requirement now so it’s even worse than that really. I know it’s a meme but USD is literally an infinite supply shitcoin backed by absolutely nothing.

>>	Anonymous Wed Feb 17 20:46:23 2021 No.28999194 File: 70 KB, 222x227, 16127503887284.jpg [View same] [iqdb] [saucenao] [google] RELOAD THE TETHER FUD!!!11

>>	Anonymous Wed Feb 17 20:46:31 2021 No.28999206 >>28999024 >bloo bloo governments do it Governments have TANKS

>>	Anonymous Wed Feb 17 20:47:33 2021 No.28999280 >>28999188 >USD is literally an infinite supply shitcoin backed by the US military Yes

>>	Anonymous Wed Feb 17 20:47:45 2021 No.28999293 >>28999188 >backed by nothing tell that to gaddafi

>>	Anonymous Wed Feb 17 20:48:49 2021 No.28999353 >>28999024 >How is it a valid bill of legal tender You have to pay your taxes with it or you go to jail.

>>	Anonymous Wed Feb 17 20:50:04 2021 No.28999416 >>28999353 you pay your taxes in cash?

>>	Anonymous Wed Feb 17 20:51:01 2021 No.28999473 >>28999416 Currency, yes...

>>	Anonymous Wed Feb 17 20:51:20 2021 No.28999493 >>28999473 clueless lmao

>>	Anonymous Wed Feb 17 20:53:56 2021 No.28999665 >>28999493 Apparently you have never paid taxes lol

>>	Anonymous Wed Feb 17 20:54:22 2021 No.28999694 File: 188 KB, 981x906, okwhatever.jpg [View same] [iqdb] [saucenao] [google] >>28997190

>>	Anonymous Wed Feb 17 20:57:48 2021 No.28999900 >>28999293 https://www.youtube.com/watch?v=mlz3-OzcExI

>>	Anonymous Wed Feb 17 21:09:35 2021 No.29000617 >>28997190 and banks don't actually have fiat in reserve, system will hold as long as not everybody cashes out it's all just make believe numbers on a screen >welcome to jewry ponzi