Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    147
Unless the tether team are retarded and they've got emails or other texts from them talking openly about crimes they won't be able to prove dog diggly shit. Just because something seems a certain way doesn't mean it is.

Funny that this lawsuit is in New York, of all places. :rolleyes: More "shorters" upset the bet didn't go their way.
 
All they need is an audit by an independent party and they will be able to prove fraud.

Why won't Tether agree to an audit?
 
tdtwedt said:
All they need is an audit by an independent party and they will be able to prove fraud.

Why won't Tether agree to an audit?
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Probably because the books don't look quite like what they say? Like pretty much every company. I don't like/dislike tether, never used it, but you know what I do hate? People threatening violence on others if they don't comply to their whims and imaginations. You don't think if those people had actual evidence rather than hunches it wouldn't already be in the public domain? They've got a whiff of a fart and think it is a sewage treatment facility.
 
tdtwedt said:
New York already banned Tether from operating in the state for fraud.
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Which could literally mean they didn't fill in some form that the heavily regulated New York state wants. If there was literal known fraud on some scale that mattered then millions of people wouldn't still be using it would they?
 
They can use it but not in New York. A lot of the exchanges are located out of the US in places like the Bahamas.
 
tdtwedt said:
They can use it but not in New York. A lot of the exchanges are located out of the US in places like the Bahamas.
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I know that, I am asking you if Tether was committing actual fraud that mattered why would millions of people still be using it? Answer is they wouldn't.

When tether does things publicly to bring stability to its currency its called fraud/manipulation. When the US Government does it we call it business as usual. One rule for me another rule for thee.
 
If people knew there was fraud and would lose all their money then they wouldn't use Tether. Tether will not allow an audit so fraud is hard to prove. Only when some people get arrested will the people wake up. Will the agencies who are supposed to regulate do their job? That is the question.
 
tdtwedt said:
If people knew there was fraud and would lose all their money then they wouldn't use Tether. Tether will not allow an audit so fraud is hard to prove. Only when some people get arrested will the people wake up. Will the agencies who are supposed to regulate do their job? That is the question.
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Yeah Tether should open their books, just as soon as the owners of the central banks do. If they are committing currency fraud then they are doing it within a currency fraud. :P
 
No. They did it because Tether claimed to be backed 100% by the dollar when they were only 3% backed. They got caught lying to the New York Attorney General.
 
Stablecoins buy crypto. Tether is hardly redeemed so it stays in the crypto space propping up the market.
 
How is that "Crypto bubble" going anyway?

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This thread was started in Dec 2017, looks like just over 34% of respondents to the poll probably got it right.
 
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