Fragmaster
Senior Member
- Apr 3, 2016
- 986
- 1,445
Yes! On the same page finally
Bitcoin FINALLY hit $30k
- Thread starter Naughtyfatkid
- Start date
D
Deleted member 1172552
Guest
from the best news of the new year
- Oct 24, 2011
- 3,224
- 3,628
I was referring to the one you put with all the arrows pointing to it (not Coinbase):
^ that page.
D
Deleted member 1333509
Guest
Sure but you said "because it's <a href='link to coinbase homepage'>not</a>" and so it seemed like there was something on Coinbase proving that Tether is currently not fully collateralized.
No problem is adding that link was a mistake, it was just confusing bc it looked like you were referencing the Coinbase homepage for some reason.
So yeah, true. A single page called transparency is shitty proof that they're actually collateralized. Logically though Tether would have to be able to back up the data they put there, as it would actually constitute as a legally binding record of the collateral they have stored.
Because they're providing specific data and figures per fiat they have in collateral, they would be committing fraud, and not just fraud - about the highest level of fraud at the scale of billions of dollars with the CEO and other managerial staff being potentially personally liable for fraud and having to do significant prison time if that was the case.. combining that with the fact that if a regulator asked them to provide proof that at the time that notice was up that the corresponsing funds were in storage, it's not something they can just make up.
What I'm saying is they would have to be the stupidest people on Earth to publicly claim to have those funds on their website and then not have them because it's easy for regulators to prove one way or another, and the repercussions of committing fraud at that scale would be many of the C-level management of a multi-billion dollar company destroying their lives by being sent to prison for a minimum of 5 years each.
Doesn't seem likely to me, especially consider that the guys running Tether/Bitfinex/iFinex are all multi-multi-multi millionaires and don't need to fuck around with risks like that. They did screw around with collateral in the past, but that was pre-2016/2017 and since then things have changed a lot in the crypto space.
Naughtyfatkid
Senior Member
- Sep 20, 2020
- 922
- 1,368
I think I can't take it no more. Need to cash out. hahaha
- Oct 24, 2011
- 3,224
- 3,628
Well that's why the $1.4 Trillion Dollar lawsuit is a $1.4 Trillion Dollar lawsuit.
- Nov 12, 2012
- 1,563
- 893
You and how many others ? That`s why it wont go to low.
People have been saying that since Bitcoin was created - yet here we are.
JohnH8Man
Registered Member
- Feb 4, 2019
- 90
- 62
You mark my words, mr. blackhat hacker guy.
JohnH8Man
Registered Member
- Feb 4, 2019
- 90
- 62
Another Illuminati member on BHW spotted...Or is it CIA?
- Feb 4, 2020
- 1,696
- 2,071
whenever I see the BTC chart, I feel it's very high...so never hold big, just trading sometimes....since everyone says its 2nd Gold, hope it will go higher
Joey Mahoney
Registered Member
- Oct 17, 2020
- 86
- 55
This is insane, the drop has to be coming soon ...
homenet
Senior Member
- Jan 5, 2009
- 982
- 504
People who think Bitcoin is going to drop to $10k are in for a big shock after we keep hitting new ATH's this year.
This is just the beginning, for anybody who hasn't already read the Bitcoin whitepaper please do so.
Bitcoin is an absolute global game changer in the financial sector. A 6 figure valuation in the next few years is not only realistic, but for those 'in the know', it's already a done deal.
This is just the beginning, for anybody who hasn't already read the Bitcoin whitepaper please do so.
Bitcoin is an absolute global game changer in the financial sector. A 6 figure valuation in the next few years is not only realistic, but for those 'in the know', it's already a done deal.
Md Masudul Hasan
BANNED
- Aug 28, 2018
- 195
- 35
Its 32k$ now.
