Without that, we have no reason whatever to believe that Tether is collateralized, and very good reasons to assume that it isn't.https://twitter.com/aridavidpaul/status/959574322800156672 …
-
-
Replying to @Frances_Coppola
utter bullshit, youre just spreading FUD. Here are 3 reasons to believe Tether is collateralized: 1) Investors and stakeholders have seen the bank balances backing the USDT outstanding 2) Friedman LLP produced a memo demonstrating the balances match 3) USDT-USD trading parity
11 replies 3 retweets 16 likes -
1. Anyone can say anything. Verify, dont trust. 2. Memo isnt audit. Relationship ended. 3. You do realize markets are speculation driven? Mt Gox balances and pairs looked good until they didn't. Also see global 2008 crash.
1 reply 1 retweet 11 likes -
lol the balances are fucking real, simple as that. the memo is a verification, even if it falls short of audit. so theres your verify, not trust. gox pairs did _not_ look good. they were trading way out of whack vs the rest of the market. anyone can keep doubting any evidence!
1 reply 0 retweets 1 like
No it's not as simple as that.
Funny to me that you're leaning on the credibility of an unsubstantiated memo the week #ReleaseTheMemo flopped.
MtGox was the market then. Fortunately USDT isn't as big of a central point of failure, but its still be enough to warrant an audit.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.