Quote from: sinner on November 17, 2017, 02:33:52 AM

outside US, yes. but they have USD bank accounts.. US gov can basically seize USD anywhere in the world.. i saw this happen in poker. i see Tether as a growing risk to the crypto world.

Those poker offices that were raided were all in the US, right? Despite that some of them were not US companies.

Quote from: sinner on November 17, 2017, 02:33:52 AM

i'm under the impression that USDT --> USD is like 7% vig. can anyone confirm?

what is 7% vig?

Quote from: tutkarz on November 17, 2017, 10:20:26 AM

There are problems with withdrawals but does that also mean that people don't buy thether with USD? Because it also might be the reason for printing more.

They claim to only issue USDT for each USD deposited in their bank. But once that USDT is created, it becomes freely tradable, so anyone can exchange any crypto for it, without having anything to do with USD.