Current Events > Potential exists for Tether to be exploting cryptocurrency markets

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Darkman124 12/05/17 10:48:49 AM #1:	https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true tl;dr: Unlike most cryptos, Tether is issued not mined. It 'claims' be be backed by real dollars held somewhere, 1 for each, but they have not been audited and have not proven this backing. The rapid issuance of Tether has a magical overlap with the rapid growth of BTC/USD. That Tether may be buying BTC with their coin, then exchanging it as the value spikes for real dollars, is a genuine risk. The risk of this will then be extended to BTC: https://www.youtube.com/watch?v=noQsHiTJAXo People are calling BTC a true unregulated free market. I agree with that. Such markets are at great risk of exploitation. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:891629803] in Potential ... [t:76064516]...</cite> <quote>https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true tl;dr: Unlike most cryptos, Tether is issued not mined. It 'claims' be be backed by real dollars held somewhere, 1 for each, but they have not been audited and have not proven this backing. The rapid issuance of Tether has a magical overlap with the rapid growth of BTC/USD. That Tether may be buying BTC with their coin, then exchanging it as the value spikes for real dollars, is a genuine risk. The risk of this will then be extended to BTC: https://www.youtube.com/watch?v=noQsHiTJAXo People are calling BTC a true unregulated free market. I agree with that. Such markets are at great risk of exploitation.</quote> ... Copied to Clipboard!
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Darkman124
12/05/17 10:48:49 AM
#1:

https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true

tl;dr:

Unlike most cryptos, Tether is issued not mined. It 'claims' be be backed by real dollars held somewhere, 1 for each, but they have not been audited and have not proven this backing.

The rapid issuance of Tether has a magical overlap with the rapid growth of BTC/USD. That Tether may be buying BTC with their coin, then exchanging it as the value spikes for real dollars, is a genuine risk. The risk of this will then be extended to BTC:

https://www.youtube.com/watch?v=noQsHiTJAXo

People are calling BTC a true unregulated free market. I agree with that. Such markets are at great risk of exploitation.
---

And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.

<cite>Darkman124 posted [p:891629803] in Potential ... [t:76064516]...</cite>
<quote>https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true

tl;dr:

Unlike most cryptos, Tether is issued not mined.  It 'claims' be be backed by real dollars held somewhere, 1 for each, but they have not been audited and have not proven this backing.

The rapid issuance of Tether has a magical overlap with the rapid growth of BTC/USD.  That Tether may be buying BTC with their coin, then exchanging it as the value spikes for real dollars, is a genuine risk.  The risk of this will then be extended to BTC:

 https://www.youtube.com/watch?v=noQsHiTJAXo

People are calling BTC a true unregulated free market.  I agree with that.  Such markets are at great risk of exploitation.</quote>

... Copied to Clipboard!

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Current Events > Potential exists for Tether to be exploting cryptocurrency markets (+) Yeah! (+)

Current Events > Potential exists for Tether to be exploting cryptocurrency markets