You're arguing that fractional reserve is equivalent to fraud? When has anyone lost deposits since FDIC?
John you joined grave train early and I and many others congratulated you on your foresight. I am still at shock that Tether fraud is not busted, and yes it is a fraud and not FUD. it is about a decade old and Madoff pulled off his shit like 2 decades. Jury is still out, all this wealth creation could just evaporate in a blink of an eye, but it will not be good. That is why it is sad that world regulators letting Tether fraud getting bigger and bigger. And if it busts, and yes it’s an If, it will have catastrophic consequences.
Everyone is still early to bitcoin Bitcoin will be $1M/btc in 5 years, $5M/btc in 10 years and $10M/btc in 20 years.... Buy and hold 1 bitcoin, or 0.5 bitcoin or 0.1 bitcoin, just do not hold 0 bitcoin
Tether is safe ... until it isn't. https://coinmarketcap.com/academy/a...freezing-of-dollar225m-linked-to-romance-scam U.S. Department of Justice Seizes $9M USDT Following Tether's Freezing of $225M Linked to Romance Scam https://www.trmlabs.com/resources/b...n-in-usdt-linked-to-alleged-tech-support-scam United States Seizes $1.4 Million in USDT Linked to Alleged Tech Support Scam https://www.justice.gov/usao-ednc/pr/investment-fraud-disrupted-seizure-5-million-cryptocurrency RALEIGH, N.C. – The United States Attorney for the Eastern District of North Carolina announced the seizure of nearly $5 million worth of Tether https://www.ccn.com/news/crypto/usdt-banned-addresses-as-tether-aims-compliance/ Tether has reportedly frozen 5.2m USDT across 12 addresses
BTC $25K when the Tether fraud is eventually uncovered. John, these $1M BTC predictions are about as useful as SPX 10K, Nikkei 100K, etc. The difference is that there is no operating leverage as it's essentially FX. As a store of value it's inextricably tied to inflation and its correlation has been poor.
until it’s not. The fact is that 4 shady guys can just freeze your wallet and confiscate your USDT. Does not sound safe to me.
Bitcoin is the answer to your safety concerns and 1 bitcoin will be worth $1M within 5 years and it's still available for less than $100k/btc today
The thread is about the very profitable corporation Tether, $13B in net income Both of you are now discussing Tether the corporation that is complying with international laws against criminals lol,
Step 1: Own Bitcoins. Step 2: Print Tethers out of nothing. Step 3: Use printed Tethers to buy bitcoin and pump the price up Step 4: Claim $13B profits