Quote from: Mett33 on November 21, 2017, 01:12:51 PM

Quote from: Aladdin-Sane-83 on November 21, 2017, 10:58:46 AM

There are man concerning things about the tether. The thing that bugs me most is that new aburd amounts of tether are issued from time to time. Bitfinex, who is kind of the owner of the USDT, already confessed in court that they don't have a backing for the USDT. They guarantee the 1:1 but only back like 2% of the sum in $.
Is this all a big Bitfinex scam fro the beginning? Is Bitfinex going into insolvency soon? What is gonna happen to coins currently parked on Bitfinex?

Tether USDT is the biggest fraud in crypto world even bigger than Bitconnect.

There was stolen 31M USDT and they don't worry about that, because they will produce new 31M. Yes same like BTG of BCH "free money".

they have market cap of 675 M US, do you think that they can cash out all 675 M USDT and convert to US out???

Is much worse then FIAT because if you print FIAT you got inflation with USDT they can "print" as much they want and pump BTC as much they like.

So big problems on Crypto are not ICO, but Tether, Bitconnect and BTC forks.

Theymos already made a new thread that discussed about the tether itself. tether just like a something that similar to the ponzi. But as far understand about tether stand on the name of the USD that brings the more bias to the developer's manipulation. How the developer try to generate the more supply. When in the previous year the supply was around some millions dollar.