Soon™ - I can guarantee you that they will never do this.

If a country does not allow its citizens to walk with a loaded gun, it is not worth paying taxes there.

 

I'm sure you're all familiar with Tether "audits" by BDO Italia, but not many people may be aware that it's actually only an Attestation, not a full audit.

What's the difference ?

Attestation reports provide a snapshot, but lack the detail, independence, and rigor of financial audits conducted under Generally Accepted Auditing Standards (GAAS). Attestation process relies heavily on data reported by Tether’s own management, with only limited external confirmation.

As of March 2025, Tether CEO Paolo Ardoino confirmed the company is actively in discussions with a Big Four firm to perform its first full audit, a process described as a “top priority,” though no firm has been officially engaged nor are audit dates confirmed.

On their site (https://tether.to/en/transparency/?tab=reports) You can read:

As part of our continued commitment to transparency, we have published Reserves reports quarterly.4 In addition, Independent Auditors’ Reports on the Reserves reports are prepared by BDO Italia, an independent third-party accounting firm as of the end of our quarters.5 Our reports demonstrate that our Reserves are greater than the redemption value of Tether Tokens in circulation on the dates reported.

With a small print on the bottom of the page (because they had to):

The information presented is subject to the limitations, qualifications and assumptions expressed in the accompanying reports and subject to Tether’s Terms of Service, including Section 12 (No Representations & Warranties by Tether) and Section 13 (Site Content). This information is provided as part of Tether’s continuing commitment to transparency and should not be relied upon in a decision to utilise its services or to hold or transact in Tether Tokens.

So, in short: you use it at your own risk. We've never had an audit, but we really would like one, which is why we're trying as hard as we can not to get one.

Just look how nice it looks:



Auditors, Auditors, Auditors - and so many people think they were actually audited  

I'm sure you're all familiar with Tether "audits" by BDO Italia, but not many people may be aware that it's actually only an Attestation, not a full audit.

What's the difference ?

Attestation reports provide a snapshot, but lack the detail, independence, and rigor of financial audits conducted under Generally Accepted Auditing Standards (GAAS). Attestation process relies heavily on data reported by Tether’s own management, with only limited external confirmation.

As of March 2025, Tether CEO Paolo Ardoino confirmed the company is actively in discussions with a Big Four firm to perform its first full audit, a process described as a “top priority,” though no firm has been officially engaged nor are audit dates confirmed.

On their site (https://tether.to/en/transparency/?tab=reports) You can read:

As part of our continued commitment to transparency, we have published Reserves reports quarterly.4 In addition, Independent Auditors’ Reports on the Reserves reports are prepared by BDO Italia, an independent third-party accounting firm as of the end of our quarters.5 Our reports demonstrate that our Reserves are greater than the redemption value of Tether Tokens in circulation on the dates reported.

With a small print on the bottom of the page (because they had to):

The information presented is subject to the limitations, qualifications and assumptions expressed in the accompanying reports and subject to Tether’s Terms of Service, including Section 12 (No Representations & Warranties by Tether) and Section 13 (Site Content). This information is provided as part of Tether’s continuing commitment to transparency and should not be relied upon in a decision to utilise its services or to hold or transact in Tether Tokens.

So, in short: you use it at your own risk. We've never had an audit, but we really would like one, which is why we're trying as hard as we can not to get one.

So, he was sick but not diagnosed in time. Healthy people don't die unless they're stabbed.

Just because someone looks healthy, doesn't mean they are healthy.

Stop being ridiculous.

I don't see any code, only some promises of "doing it". 

Sometimes it's better to sell an old car and buy a new one. 

I have used KuCoin for some time now, fast and reliable. I've never had a problem trading XMR -> USDT -> EUR.
Just as with any other exchange, divide large amounts into smaller ones and never send the next portion until you have withdrawn the previous one.

Wallet security doesn't matter in this case. In the near future, QC may take over your coins by deriving the private key from the public key.

The rate of development increases exponentially, not linearly, so judging future progress based on what has been achieved so far is incorrect.
There are engineering problems that take years to solve, then it’s just a matter of scaling and further optimizing the technology for the consumer market.


Yes, but banks and other entities you pointed out can recover faster and upgrade more easily, as they are centralized and do not lose much business in the process.
Bitcoin would lose a significant portion, as people would lose trust in it, and it is neither easily recoverable nor easy to upgrade (hard fork).

Which experts? give us names, source of information.

And why you say "both now and in the future." when earlier you said "20-30 years" ?

You realize that what you're saying is total bullshit?

It really surprises me that there are still people who can't grasp the fact that quantum computers will break current cryptography in Bitcoin in less than ten years.

Don't listen to people who say it's 50/50 or just some kind of scare tactic, read what cryptographers have to say about it, not some random Joe who only knows what he read on forums or heard on YouTube. Then you'll understand why quantum-resistant cryptography is already being heavily developed and tested.

Due to Bitcoin's transparent nature, old addresses holding thousands of coins could be easily targeted and taken over by an adversary using quantum computers.

Bitcoin will need to hard-fork and either take action regarding these old addresses or simply leave them to be taken over.

If Bitcoin doesn't hard-fork in time, it's game over.

Another scenario is that the wallet had some weaknesses, like poor entropy, and some smart bastard with a lot of horsepower, good coding skills, and a bit of luck managed to find its private key of this lost in time coins.

But I do believe he could have held it all this time, as I have been holding a big stash myself for almost a decade, treating it like my bank account and It's so much I'm unable to spend even a small fraction of it in my lifetime.

Life's good 

He posted more than once, but moderators are quick to react when you report it.

I thought I’d post a warning anyway because, at some point, moderators might be away for longer, and it’s always good to educate newbies about potential dangers.

/Stay safe.

Example:




This retard thinks he is clever. They included a link in the PDF to an obfuscated script that does not look harmful, but when you decode the strings, you'll see that it downloads malware to your computer.

They lock the topic immediately after creating it, so no one can post a warning.


Message to the retard: I’ve heard McDonald’s is hiring. You should check it out - with your “hacking skills” I’m sure you’ll make more money serving fries.

 

Oh, what an irony... Bitcoin today is a purely speculative asset.

Its use case as digital cash (as described in the fucking white paper) has been killed in order to make cash on "second layers," a.k.a. LN, which turned out to be nothing but a failure.

Some people still believe that these second layers will save the day, but even if we had a working project, Layer 1 lacks the capacity to support it, as proven during times of high network congestion with LN.

/Over&Out.

I love when people deny hard numbers, running away from reality.

 

Your list is outdated....

1. - Barely any criminal with half a brain still uses Bitcoin, it's main utility is speculative trading.
2. - This is true and no amount of "green bullshit" will change it. We're just paying the price, nothing is free.
3. - It is legalized... are you sleeping in some cave ?

Could be bots, could be sheeple.

What I’ve noticed over the years is that people never learn from the past, even if it's brutal - that’s why we have war after war, where people die for absolutely nothing.

People are still sending money to a prince from Dubai and still getting scammed by 30 years old schemes, some of them re-wrapped for cryptocurrency.

No amount of warnings is sufficient, idiots will be idiots.

If an $18B stablecoin collapse (UST) caused a 30% BTC drop, a Tether collapse (with ~$160B market cap) should be much more devastating.