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abigserve posted:Incredible that someone could just say "all these ones and zeros are backed by real us dollars" and not only does nobody check, nobody cares lmao I am an Old, and had never heard of Tether till I idly wandered into this thread to see what the hell was happening with crypto. This quote:While, according to its 2021 settlement with the New York Attorney General Letitia James, "Tether represents to users that any holder of tethers can redeem them from Tether the company at the rate of one tether for one U.S. dollar",[5] Tether Limited as of 2017 stated that owners of tethers have no contractual right, other legal claims, or guarantee that tethers will or can be redeemed or exchanged for dollars.[6] On 30 April 2019, Tether Limited's lawyer claimed that each tether was backed by $0.74 in cash and cash equivalents.[7][8] In May 2021, Tether published a report showing that only 2.9% of Tether was backed by cash, with over 49.6% backed by commercial paper.[9][10][11] is literally in the second paragraph of Tether's wiki article. Literally WTF people?!?
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May 12, 2022 14:56
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Looking at the rest of his feed, his 2.8 million is currently worth $1000.
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May 12, 2022 18:20
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alnilam posted:A friend linked me to a really good article (imo) on what the ever living gently caress terra/luna actually is, good read for anyone who has no loving clue what is going on other than lmaos. That's a really good read, adding my thanks.
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May 12, 2022 18:57
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Help us
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May 12, 2022 20:19
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BigRed0427 posted:I get that Tether was a scam at the end of the day, but I read a few articles about it and still do not understand how it was suppose to work and how that relates to bitcoin. The link below has a really good detailed explanation alnilam posted:A friend linked me to a really good article (imo) on what the ever living gently caress terra/luna actually is, good read for anyone who has no loving clue what is going on other than lmaos.
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May 12, 2022 20:48
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Straight to the
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May 12, 2022 23:13
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But if LUNA falls low enough it'll wrap around till it's infinitely valuable, and we who doubted will weep at the sight of the digital golden gods who rule us now.
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May 13, 2022 10:26
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priznat posted:The depth of scamming is breathtaking Honestly. I'm always a little impressed by behaviour like this. I couldn't manage the level of brazen self-confidence to pull something like that, if you replaced my entire circulatory system with uncut cocaine.
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May 13, 2022 17:47
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Lol. One of the clauses for termination of the Twitter deal is fraud on their data. Looks to me like Musk is looking for a face saving way of backing out of the deal.
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May 13, 2022 18:41
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I've had that Luna value ticker in a side window all morning, and goddamn it's bouncing up and down like you released a Slinky from the top of Everest.
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May 14, 2022 16:05
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"Then Debbie will be sorry for not going to Prom with me".
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May 14, 2022 23:56
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From a website I was just readingquote:Is Luna Recovering? quote:The past 24 hours have been the most stable for Luna since the crash. It is 5% up in the last day. That's a LOL (bolding mine)
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May 15, 2022 19:09
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Juul-Whip posted:another amazing collection of unique digital artworks I tried reading that webpage but all I could see was *COLOSSAL SCAM* flashing in giant neon letters across the page everytime I looked at it.
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May 16, 2022 20:58
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Mercury_Storm posted:I'm more surprised they had a legal team to begin with Just one guy. Bob. Fresh out of law school. Only job was to give two thumbs up and say "That's probably legal"  when asked a question.
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May 17, 2022 23:19
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staberind posted:Some people prefer to remain silent about stuff they are unsure of in order to not look ignorant, but me? Not much. What's a slurp with you?
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May 18, 2022 08:06
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Yeah seriously. I mean there must be such a thing as Crypto Girls, but I bet they ain't common.
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May 18, 2022 10:06
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nachos posted:I have a hard time believing people who stashed their money in UST also had the discipline to save 150k for 20 years. Especially with what sounds like multiple medical expenses. I would assume either a fraction of the claimed 150k was invested when what they put it in was much lower, and they're counting they're theoretical gains as losses. Or could just have been an inheritance.
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May 19, 2022 18:10
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Zil posted:-57% In the current crypto market that's extremely competitive.
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May 19, 2022 19:46
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Wait. So their President did the equivalent of 'Can't pay these bills. Better max out all these credit cards, and place it all on Black' 
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May 20, 2022 09:12
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I see that Luna has managed to add a 4th zero after that decimal point today.
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May 21, 2022 17:37
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No one. Will EVER. Steal your apes.
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May 22, 2022 21:50
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JammyB posted:This sucks.. not only is my degree in Economics, Finance and Banking completely worthless due to upcoming cryptocoin supremacy, but also I was foolish enough to receive it on physical, eco-destoying, fungible paper. You fool! Why I could break into your house, steal your diploma, and be running the Federal Reserve by this time tommorow.
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May 22, 2022 21:55
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Skarsnik posted:Is this what getting old feels like 'Johnny. Go explain crypto to your Grandad Skarsnik again' 'Muuuuuum! I just did that last week!' 'Use small words, he get's confused.'
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May 26, 2022 21:49
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A 40% APY? Wow, one secret the banks don't want you to know. *Looks at HEX price* Oh.  But the website assured me they were building a mighty financial empire using load-bearing tissue paper!
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May 27, 2022 09:26
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Both
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Jun 4, 2022 13:25
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Mr President. We cannot allow an ape gap!
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Jun 4, 2022 18:51
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smellmycheese posted:Long winded explanations aside - it also, like so many of these Crypto “thefts” , absolutely reeks of being an inside job and a scam masquerading as a “hack” Indeed, reading the story I was immediately "Oh yeah someone on the inside totally just stole it"
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Jun 9, 2022 09:16
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Oh I'm sure he's going to suffer very real and meaningful consequences. 
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Jun 9, 2022 23:41
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Micheal Saylor 4 days agoquote:Instead of going away or dumping to zero, BTC will shoot up to $1 million also quote:“It’s obviously better than gold and everything that gold wants to be,” LOL. Also BTC is now
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Jun 13, 2022 08:49
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Standard issue psychopath billionaire, who's gone heavily into crypto. This quote:#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy. is the pinned tweet on his Twitter
Deptfordx fucked around with this message at 08:55 on Jun 13, 2022 |
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Jun 13, 2022 08:53
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Vesi posted:
I wonder if they were openly laughing scornfully when they paid that fine, or had they enough restraint to just quietly be sniggering behind their hand.
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Jun 13, 2022 10:34
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drat, going to dip below 23k any moment now.
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Jun 13, 2022 15:43
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Zil posted:Lol, I love the charts coiners come up with https://www.google.com/url?sa=t&rct...Vkz2PquVtodgvXD
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Jun 13, 2022 15:54
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LifeSunDeath posted:Having a dystopian vision where Crypto is the new money, and every time you go to the store for something you get micro deflated as a bait and switch, so like while you're at Kroger suddenly your net worth gets cut in half but you leave and it goes back up...so you end up having to pay double for poo poo. Yeah, I can never get over how volatile these prices are. Not just in exceptional circumstances like today, but over time.
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Jun 13, 2022 19:56
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END CHEMTRAILS NOW posted:Now is the winter of our discount ape. 
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Jun 14, 2022 19:49
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priznat posted:YGG was ok with it probably because recouping their initial investment in crypto counts as a massive win these days lol. That's got to be the explanation, they'll probably be grateful shortly that they managed to get that much before it blew up.
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Jun 15, 2022 08:06
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Serious_Cyclone posted:Is that a thing? They can price-wash the coins just swapping them back and forth with themselves? Yeah I saw someone else reference that earlier, and I was wondering if and how that worked as well.
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Jun 15, 2022 19:11
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orange sky posted:Celsius doesn't allow anyone to withdraw, and a million people use that if you believe their numbers. Tether has printed billions in past situations like this, but you can't really be sure there aren't other stable coins doing the same right now. So presumable they're about to implode, or going to have to let their customers withdraw their money again, then implode?
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Jun 16, 2022 07:49
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The asterisk leads to a footnote which just reads "Lol, gently caress you. We're stealing everything" Edit: Also , I'm not sure where the line between credulity and wilful idiocy is. But "90% APY, sure. Seems legit", definitely crosses it. Deptfordx fucked around with this message at 18:00 on Jun 16, 2022 |
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Jun 16, 2022 17:57
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susan b buffering posted:hey please remove your avatar since it's not a hex, or otherwise prove you own that NFT. That sick bastard! That ape has a family! Hundreds of them, all slightly different.
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Jun 18, 2022 09:59
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