Perhaps have a look here for a volume comparison. I believe this covers all exchanges, although I may be mistaken.
https://www.cryptocompare.com/coins/btc/analysis/USDT
versus
https://www.cryptocompare.com/coins/btc/analysis/USD
This is all conjecture, but I think they are short on collateral/security for various reasons. To make up the shortfall, they create new USDT artificially and use this to buy BTC. They then sell BTC via fiat based exchanges to meet demand for conversion form USDT to USD. Repeating this process...
A bit of an aside, but there’s potentially a bigger Ponzi scheme at play here with BTC, in general. The stable coin USD Tether and the artificial printing thereof is conjectured to be the driver of the insane BTC bull run. Basically the issuing company is conjectured to be running a fractional...
These “social media financial advisors” really need to be stopped! This, of course, also includes the other culprits already mentioned in these threads. The likes of Crypto Stacks, Cryptonanalyzer, et al.
While there’s much debate about the asset class classification of cryptocurrency, and...
The gingerbread man and my boredom was the inspiration...haha...a classic remade:
Peter, Peter Bitcoin eater,
Built a pyramid but couldn’t feed her,
He put her in a Ponzi shell,
But there it did not go so well,
Peter, Peter Bitcoin eater,
Failed another, and here’s the liquidator,
Who Peter...
Surely the "freemasonry" e-mail was a weak plot device to inject some crazy conspiracy theory that plants doubt about the role of the FSCA. I would have said you just can't make this stuff up, but apparently people can!
Couldn’t agree more. These continuous parallels and analogies drawn between MTI and banks are so retarded! Banks are first and foremost financial intermediaries - they facilitate the flow of funds in an economy. In doing so, effectively facilitating the transfer of surplus funds from depositors...
I’ve been a long time follower of this thread, and I must commend you all for your contributions. Having built a career in financial services, it absolutely boggles my mind that such a “company” built on blind belief and faith has managed to grow to this scale! It’s even more disappointing that...