Quote from: youbitbrain on December 15, 2017, 07:49:53 PM

Quote from: ShortCoins on December 15, 2017, 07:25:48 PM

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Check out these two threads by Theymos (he runs the forum). There's some really good discussion on the topic. Basically Tether is supported by nothing and if there's a run on it they can't honour their agreement to peg it to USD.

Wow I am shocked a forum administrator voiced his opinion about Tether possibly being a scam.

Doesn't this threaten BTC's legitamacy quite a bit?

If tether is exposed as being fraudulent, this (to me) seems to be the #1 threat to bitcoin valuation. Assuming there is in fact fraudulent activity, how long can this be suppressed from the public? I suppose three scenarios:

- Has a case been opened with the local securities commission in the country where tether was created to investigate?

- If there's a run on tether, Bitfinex might have to default.

- If a competitor to tether is adopted by other exchanges, it might cause a run (and then default) on tether.

are you interested creating a new tether? this is a great business idea and the overblown current one creates the trust crisis and the demand for an alternative fiat tether

you get high returns, and the risk is practically zero

pm me

i have studied tethers businesplan intensively

regards