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RE: Why Tether’s latest statement about its auditor is complete BS

in #bitcoin • 7 years ago (edited)

There’s clearly demand for such a concept, and Tether isn’t the only “stablecoin” in the game (see: TrueUSD and Maker).

You forgot to mention bitUSD and bitCNY that is backed at least 2X with BTS collateral ! And it works for years (eternity in cryptospace)
And the most important thing you trade them in a decentralized DEX environment and not on the risky centralized exchanges !!!

https://wallet.bitshares.org/#/market/USD_BTS
https://wallet.bitshares.org/#/market/CNY_BTS

7 years ago in #bitcoin by
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     7 years ago  

    Why use shady tether when you have BTS????!!11

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     7 years ago  

    very good point! i think these are infinitely better alternatives to what Tether is trying to do

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     7 years ago  

    what about SBD lol, wasn't that supposed to be a stablecoin

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       7 years ago (edited) 

      333 comments im the 334th!

      IMG_1603.jpg

      *art done by me @nmf-ii

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       7 years ago  

      illuminati confirmed.

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         7 years ago  

        But you forgot to mention that the risky part is to get out your virtual bitUSD, that is backed at least 2X with BTS collateral, to FIAT money without help of some exchange. If this exchange is not trustful then your money can be locked in it and no collateral could help.😉

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           7 years ago  

          When you go out you use the centralized exchange that works at the moment. You don't keep your funds there. You use it only to exchange.The risk is minimal. The risk is huge only when you leave your tokens there.

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           7 years ago  

          Most people leave their tokens there specially when there are no good wallets for currencies such as IOTA or VERGE

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             7 years ago  

            Fiat? lol. What's that backed by big guy?

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             7 years ago  

            Crypto and Fiat are backed by the same guys.

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             7 years ago  

            I like your comment and also upvoted you plzzz upvote my comment plzzzzz

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               7 years ago  

              @raamis, how about saying something useful or funny, less desparate.
              @pumpthatcoin US fiat is backed by economic slavery of americans, mathematically impossible for them to pay off either. I know you know, this just for the un-educated on monopoly money matters
              @scorer - Yes, because whole danged system came out of a fiat one

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                 7 years ago  

                Fiat is back by Faith. Faith is very valuable, ask Jesus.

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                 7 years ago  

                I like your comment and also upvoted you plzzz upvote my comment plzzzzz

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                 7 years ago  

                https://steemit.com/cryptocurrency/@tanvirabedin/dogecoin pls follow and votes me i also follow and votes u....

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                  [-]
                   7 years ago  

                  Fiat is enslavement tool, it has no value.

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                   7 years ago  

                  https://steemit.com/cryptocurrency/@tanvirabedin/dogecoin pls follow and votes me i also follow and votes u....

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                     7 years ago  

                    Faith in the economic slavery of americans to pay it back to the central bankers, to be more specific. I have no faith in them. Despite that, my USD does still work for transactions, look at that!

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                       7 years ago  

                      Great post!
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                        [-]
                         7 years ago  

                        I took a look on your blogs. Didn't find anything on Eco-Friendly mining. Are you honest? How can you honestly promise passive income?

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                          [-]
                           7 years ago  

                          alternatives may exist. but keep in mind that world of crypto is soooo volatile. as much as someone/something is trying to regulate it - the reaction is more unpredictable. If i look at today's prices compere with couple of days ago - its unbelievable. anyway the game is not for the week harts. thank you for the contribution - much appreciated

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                            [-]
                             7 years ago  

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                               7 years ago  

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                                 7 years ago  

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                                  [-]
                                   7 years ago  

                                  Thank you for the post Gregory, sounds like it's time to take cover and run for the hills.

                                  What ever happened with your KMI long position?

                                  You have not spoken about it lately. But you did say today that you are "out of the market"

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                                    [-]
                                     7 years ago  

                                    I got a bad feeling about Tether... I hope turns into a good feeling

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