Post
Topic
Board Bitcoin Discussion
Re: Can anybody help me debunk the Tether risk?
by
PrivacyG
on 10/11/2023, 10:48:49 UTC
Regarding the first point you mentioned, apparently, they're planning to publish "real-time" reserve data in the upcoming years[1]. Not sure if that's going to be something that they could easily "fake" or not?
Will probably be as legitimate as those websites showing a forever increasing 'real time' number of customers.  Any 'real time data' for me is a question mark.  How will this happen.  Will they publish a very short informative bullet every time there is a change in their reserve next to a 'live reserve total'?  Even doing that, how will this prove any thing.

banks can create money(loans) where by someone can take a loan. print out a bank statement to show funds. and then default the loan .. yet still suggest the bank statement is valid proof.. reality, its not
Every body knows Bank statements are the most widely accepted proof of almost every single banking operation.  But no body wonders how valid the statements themselves are.  They just go with the flow by thinking it is valid because banks must be functioning 100 percent legally.  Wild to think a text written on a piece of paper by one of the most corrupt and criminal type of institutions is accepted as definitive and backed proof.