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<blockquote data-quote="SamuelBRoberts" data-source="post: 1153180" data-attributes="member: 8362">RE: The Tethers ThreadI&#039;m not a believer in the infallibility of whales/instititional buyers, but I will say that many institutional buyers have noticed things like this and it&#039;s causing them to stay out of the markets for now.&nbsp; When you see people saying it&#039;s unregulated, or talking about how they&#039;re going to &quot;tame&quot; bitcoin in order to prevent bad actors (Like the CEO of the CME was saying two weeks ago), this is the kind of thing they&#039;re talking about.&nbsp; It&#039;s bullshit. The TOS specifically states that they&#039;re not money, can&#039;t be redeemed for money, and don&#039;t form a contract for money.&nbsp;&nbsp; You can&#039;t deposit or withdraw from the actual Tether site.[MEDIA=twitter]932137213390934016[/MEDIA]Well, I certainly didn&#039;t come up with it.&nbsp; There&#039;s this one guy, named <a href="https://twitter.com/bitfinexed" target="_blank">Bitfinexed</a>, on twitter, who&#039;s been digging into this stuff and posting about it for months.&nbsp; I&#039;ve been following him, first with a lot of skepticism, and then with the growing realization that everything that he&#039;s said is right.&nbsp; The reason you&#039;re seeing it here first is that major Reddit subreddits are censoring it (/r/btc talks about it a lot, though), and the news sites don&#039;t want to talk about it.&nbsp; It&#039;s been posted on 4chan several times, of course, I&#039;ve seen it there, and I&#039;ve seen plenty of my trader friends talk about it.&nbsp; Most were skeptical, but lately more and more are coming around to the idea that it&#039;s right, just because the evidence is so overwhelming.&nbsp; (I haven&#039;t gotten into it very clearly here, because my head is a mess from overwork these days, and writing complex ideas clearly is a bit beyond me.)EDIT: I was wrong about sites not wanting to talk about it. CoinTelegraph is starting to bring it up.<a href="https://cointelegraph.com/news/rapid-increase-in-tether-supply-raises-concerns-of-manipulation-creative-accounting" target="_blank">https://cointelegraph.com/news/rapid-increase-in-tether-supply-raises-concerns-of-manipulation-creative-accounting</a></blockquote>

[QUOTE="SamuelBRoberts, post: 1153180, member: 8362"] [b]RE: The Tethers Thread[/b] I'm not a believer in the infallibility of whales/instititional buyers, but I will say that many institutional buyers have noticed things like this and it's causing them to stay out of the markets for now. When you see people saying it's unregulated, or talking about how they're going to "tame" bitcoin in order to prevent bad actors (Like the CEO of the CME was saying two weeks ago), this is the kind of thing they're talking about. It's bullshit. The TOS specifically states that they're not money, can't be redeemed for money, and don't form a contract for money. You can't deposit or withdraw from the actual Tether site. [MEDIA=twitter]932137213390934016[/MEDIA] Well, I certainly didn't come up with it. There's this one guy, named [url=https://twitter.com/bitfinexed]Bitfinexed[/url], on twitter, who's been digging into this stuff and posting about it for months. I've been following him, first with a lot of skepticism, and then with the growing realization that everything that he's said is right. [b]The reason you're seeing it here first is that major Reddit subreddits are censoring it (/r/btc talks about it a lot, though), and the news sites don't want to talk about it.[/b] It's been posted on 4chan several times, of course, I've seen it there, and I've seen plenty of my trader friends talk about it. Most were skeptical, but lately more and more are coming around to the idea that it's right, just because the evidence is so overwhelming. (I haven't gotten into it very clearly here, because my head is a mess from overwork these days, and writing complex ideas clearly is a bit beyond me.) [b]EDIT[/b]: I was wrong about sites not wanting to talk about it. CoinTelegraph is starting to bring it up. [URL]https://cointelegraph.com/news/rapid-increase-in-tether-supply-raises-concerns-of-manipulation-creative-accounting[/URL] [/QUOTE]

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