Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Mark Zuckerberg Called People Who Handed Over Their Data to Facebook "Dumb Fucks"
https://www.esquire.com/uk/latest-news/a19490586/mark-zuckerberg-called-people-who-handed-over-their-data-dumb-f/
fuckface? dumbbook?
I mean people really are dumb fucks for thinking this louse was going to play "nice" with any of their data, let alone their most private and intimate thoughts and feelings.
https://www.esquire.com/uk/latest-news/a19490586/mark-zuckerberg-called-people-who-handed-over-their-data-dumb-f/
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Zuck: They "trust me"
Zuck: Dumb fucks.
Zuck: Dumb fucks.
fuckface? dumbbook?
I mean people really are dumb fucks for thinking this louse was going to play "nice" with any of their data, let alone their most private and intimate thoughts and feelings.
He's right, they are.
Don't tell them, their life is at stake. They really believe that everything they have on Facebook is their own but, well, you know the story.
Aldous Huxley was right from the start. Have a look at Amusing Ourselves to Death and read Brave New World
I've been saying this from the days when Myspace popped up, people don't listen and then when a decade later they wake up they pull a trump and say "who knew!". Well I did and I warned them then, I've found thats its all a waste of breath trying to protect the sheeple. I was calling FaceBook FagBook from day one just to get family and friends not to sign up. The only people I know that are still using it are fossils that just want to see the grand kids latest pics.
I went back 7 pages to find any discussion on the 300 million new USDT and gave up. Too many of these retards in this thread.
If you want to keep up with the conversation on Tethers, you can go to this link. https://twitter.com/bitfinexed?lang=en
This has been a hot topic of conversation for several month. You really think all of the Bitcoin whales have been oblivious to this factor for several months?
The fact that Bitfinex/Tether has not been the most transparent regarding this matter is already priced in. If Tether is indeed a shitcoin, with absolutely no USD to back it up, the honey badger doesn't give a shit. Are we overly concerned when some other shitcoin makes a tumble because it's a scam? BTC is traded for those shitcoins too, just like Tether.Although true, I was under the assumption that Tether had alot to do with the initial pump in OCT.
Also I don't follow twitter and This 300 MILLION USDT was created Yesterday.
https://omniexplorer.info/tx/f3efac4b6203248fc06e2788b61e732319a6e596768f5240680f944780ff84f4
If Tether is legit, then the printing of Tethers is justified by people making actual wire transfers to Bitfinex and Bitfinex making sure there are enough tethers for people to transfer them to other exchanges if they care to.
If Tether is not legit, then the house of cards will tumble and Bitfinex will become insolvent. Good riddance. Honey badger may end up taking a little nap after getting bitten; but in the end honey badger won't give a shit.
There are no wire transfers they are shut down on the fiat portals.
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They printed roughly $600 million Tethers two days before news of the subpoena dropped. That vertical line is equal parts hilarious and harrowing. The ultimate fear with Tether is that they are timing these dumps when the price of Bitcoin is low, and therefore, the price of Bitcoin is artificially inflated by a coin that has yet to prove it has the requisite amount of dollars in the bank to justify the number of Tethers being issued. There is some data backing this assertion up.
https://www.pastemagazine.com/articles/2018/01/a-primer-on-the-bitfinex-and-tether-subpoenas-that.html
Quantifying the Effect of Tether
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Summary
Authors opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTCs price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
If there is questionable activity, the author believes a 30-80% reduction in BTC price could be forecast.
http://www.tetherreport.com/Authors opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTCs price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
If there is questionable activity, the author believes a 30-80% reduction in BTC price could be forecast.
I think 32E3690D50B3B477DF7841212D4BB938DC9CDB50307618328E7F8B53F37CC1E2 makes a compelling argument, we all pretty much knew what he has correlated and disseminated.