Ninjastic
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Lecter
on 18/04/2017, 20:44:43 UTC
Quote from: jbreher on April 18, 2017, 08:33:10 PM
Quote from: darlidada on April 18, 2017, 07:28:37 PM
btw, tether supply increased by 20% 7 hour ago

http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

+160% increase since 1rst of march

i think we found how they paid back everyone Smiley))

Never looked into Tether. Seemed impossible on its surface. How is the peg maintained? Don't know, don't care - it is an inherent impossibility.

Issue 1:1 ratio between Tether and USD held in reserve.  In theory, settlements would result in USD passed to the customer, Tether passed back to the originator, then Tether being destroyed.