Quote from: TheQuin on January 22, 2018, 11:31:27 AM

Quote from: mayax on January 22, 2018, 11:28:11 AM

the "audit" is that someone called "Craig Sellars" assures the sheep that Tethers are backed by USD at the North American Blockchain conference. He didn't provice any piece of paper as proof. Cheesy

You don't seem to understand the concept of proof.

I will ask you again how does that PROVE that Tether is a scam?

They are printing fake money, therefore manipulating the market. When someone sell BTC to USDT they keep their value in USD but nobody is up fronting the money.

They claim that every USDTs are backed by real $.

If thats the case, it may be alright. But theres NO proof of that and they print BILLIONS of new USDTs every time they are needed (aka when theres a crash) manipulating the market by buying tokens at the current $ values.

They have to provide the proof of the USD reserve. Until now, they printed MORE than 2 billions USDT. They must have these money in bank accounts.

What bank accounts when Wells Fargo banned them and they opened a new public bank account 2-3 months ago?