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When is this poll coming for #Tether #USDT? #delistUSDT

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· Apr 25, 2019

With the #Tether #USDT news, seems like time for a fully insured on video #gold backed stablecoin #AGLD. @AnthemGold AnthemGold.com @MarkYusko @APompliano @jespow @krakenfx @coinbase @Gemini @BittrexExchange @Poloniex @circlepay @WallofCoins @a16z @gcvp @BessemerVP @RRE

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Jesse Powell

When Tether starts threatening to double spend on exchanges and files lawsuits against Kraken, its investors, business partners and clients.

Guessing you be adding to your list of prerequisites for delisting soon.

Jesse Powell

The only other times we have delisted are Namecoin (just because tech upgrade requirements were > revenue) and Iconomi (just because token structure fundamentally changed and regulatory was unclear). It takes quite a lot to get delisted. Price discovery is still important.

11:47 PM · Apr 25, 2019Twitter Web App

In my humble opinion, I put the current USDT operators in the category of fraud. They are masquerading as a backed stablecoin. Without backing, stability is impossible to promise. The nature of counterparty risk. There will be a massive negative goodwill effect from USDT.

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I don't have enough information to say whether USDT is fully backed or not. If you're right, it makes it all the more important that we have markets for price discovery and trading of claims.

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and

I hear your max ROI in short term, which I get. The reality is crypto tokens are still in a pre-commercial phase. Every bank in the world is in default competition with every USD stablecoin. I expect fiat tokens to play out like the Groundhog Day movie. Every scenerio bad.

Jesse Powell