Voyager suspends trading, deposits, withdrawals, and loyalty rewards

Post by addcninblue » Fri, Jul 01, 2022, 10:02 PM UTC

barnbuilder wrote: post #49

ansible wrote: post #4

I sometimes wonder if I'm the only one who just wants a bank to be a bank. I've been with the same relatively small regional bank for 30 years. I have a checking account, savings account and that's it. They've been stable this entire time, and I've never worried my money was going to disappear. As another sign of being an old man, I'm old enough to remember the phrase "as safe as money in the bank". You see, when I w…

You may feel like your accounts are stable and nothing is disappearing but by CPI inflation calculations ( https://www.bls.gov/data/inflation_calculator.htm ), any money you had in that account 30 years ago has lost half its buying power. If you want to keep the money that you have worked for over the long term, your checking and savings account are not going to cut it.

Post by marcell » Fri, Jul 01, 2022, 10:06 PM UTC

adrr wrote: post #39

marcell wrote: post #28

Earlier quoted context omitted.

Tether's market cap dropping without a price drop is indication that they are liquid and able to handle (to date) almost $20 billion in withdrawal over a 1 month period. That is impressive and a sign of their robustness. They are passing a stress test so far. Their blog counters much of the FUD out there: https://tether.to/en/news/

Whats the limit on withdraws before they have liquidity issues? Easiest way to make investors confident is due a full audit with a top 4 auditing firm.

Post by oldgradstudent » Fri, Jul 01, 2022, 10:07 PM UTC

caiomassan wrote: post #48

ansible wrote: post #4

I sometimes wonder if I'm the only one who just wants a bank to be a bank. I've been with the same relatively small regional bank for 30 years. I have a checking account, savings account and that's it. They've been stable this entire time, and I've never worried my money was going to disappear. As another sign of being an old man, I'm old enough to remember the phrase "as safe as money in the bank". You see, when I w…

i am not even 40 and got my money robbed from the bank by the government twice. depends where you live, a bank is not that good of a place to keep your savings.

Post by EwanToo » Fri, Jul 01, 2022, 10:09 PM UTC

marcell wrote: post #28

Animats wrote: post #23

Another one? Tether is looking stressed. In the last three months, a lot of Tether has been cashed out. Look at the chart for Market Cap -> Last 3 months.[1] From US$82 billion to US$66 billion. Today, US$200 million was cashed out. Every few days, their market cap drops suddenly. At this rate, in a few months we'll find out how much backing Tether really has, because it is being paid out. Stablecoins have two stable…

Tether's market cap dropping without a price drop is indication that they are liquid and able to handle (to date) almost $20 billion in withdrawal over a 1 month period. That is impressive and a sign of their robustness. They are passing a stress test so far. Their blog counters much of the FUD out there: https://tether.to/en/news/

Post by oldgradstudent » Fri, Jul 01, 2022, 10:10 PM UTC

marcell wrote: post #28

Animats wrote: post #23

Another one? Tether is looking stressed. In the last three months, a lot of Tether has been cashed out. Look at the chart for Market Cap -> Last 3 months.[1] From US$82 billion to US$66 billion. Today, US$200 million was cashed out. Every few days, their market cap drops suddenly. At this rate, in a few months we'll find out how much backing Tether really has, because it is being paid out. Stablecoins have two stable…

Tether's market cap dropping without a price drop is indication that they are liquid and able to handle (to date) almost $20 billion in withdrawal over a 1 month period. That is impressive and a sign of their robustness. They are passing a stress test so far. Their blog counters much of the FUD out there: https://tether.to/en/news/