Ok, interesting thread, but I cannot let this inaccuracy stand — under most rules “six of clubs high” is not a possible poker hand.https://twitter.com/Bitfinexed/status/1479569011348316163 …
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Except tether fraud has been proven, twice now. Tether has been lying about the reserves since June 2016.pic.twitter.com/CgMRoQEmRf
No one disputes that Tether wasn’t fully backed in the past. The question is whether it’s fully backed now. And no one except a small number of people at Tether knows that. All claims to the contrary that I’m aware of are based on speculation.
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So you’re saying a company that lied about billions of dollars in the past, isn’t lying about billions of dollars now? If they’re not lying then why won’t they show us the reserves? If they have a royal flush then let’s see it.
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Yes: in absence of proof of funds, isn’t proof of previous character the best assumption?
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Tether was a billion dollars in the hole in 2018 and yet the prices was still a dollar when they were lying to everybody.
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How are you supposed to short something that when the premise of your short becomes true, but the price doesn't fall because of lies and market manipulation? I.e., tether wash trading to keep it at a dollar.https://www.bloomberg.com/graphics/2018-tether-kraken-trades/ …
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If we were playing poker together, for money, and you found out that I cheated and won your money by cheating, would you play poker with me again? Because Tether cheated, got caught cheating, but you want to give them the benefit of the doubt now?pic.twitter.com/bTcYSIMWe3
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If I tell you my company have $1B in reserves backing USDT , then you find out this is a lie after an investigation. Would you belive me if I came back 3-4 years late and now state that I have $70B in backing? Because that is what Tether is saying at the moment
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