11–20 of 183 posts
https://www.nytimes.com/2008/09/20/business/20moneys.html
https://www.nytimes.com/2020/03/19/business/coronavirus-mone...
Why print money when a private company can just create its own? Just imagine what's going to happen when there's a bank run on Tether.
It’s an interesting thought isn’t it. Many of us in the haze of an enlightenment narrative in the 90s thought the web would empower through a decentralised model, and while it’s done that of course, it has also created powerful new sources of centralised power, monopolies, and walled gardens, that have challenged (and often won against) existing legal, societal, and political structures and norms. It starts feeling a…
That's already a reality for many companies doing international trade. Especially global special-purpose device producers from smaller countries. It's annoying with paperwork and dealing with "what price was actually paid at the time", but it's not new. They contract a team from X, do work in Y, source materials from Z, V, W, then pay local accounting and tax in their govcoin equivalent - which happens to be the local currency.
For day-to-day multiple local currencies check out the history of the Brazilian Real.
Why print money when a private company can just create its own? Just imagine what's going to happen when there's a bank run on Tether.
Its unbelievable that someone stoles a $20,000 car and do 15 behind bars, yet here we have folks that embazzled $850,000,000 and AG will sit down with them to kibdly negotiate a plea deal and penalize them 4% of what they stole. I mean seriously what the hell happened to Lady Justice??
The pitch is clearly a lie, but I'm also not too worried about them counting commercial paper and t-bills as "cash."
https://www.centre.io/hubfs/pdfs/attestation/grant-thorton_c...
The pitch is clearly a lie, but I'm also not too worried about them counting commercial paper and t-bills as "cash."
Not the elephant in the room either way, I agree.
From Tether's chart, they literally have 2.9% in cash. So I guess the headline technically checks out.
But Tether reported over 75% held in cash equivalents, the same type of liquid assets Apple reports when reporters say Apple is sitting on billions in 'cash'
I think maybe more interesting, Tether reports only 1.64% slice of pie has some crypto holdings. Which seems kind of interesting given the theories about some shady btc/usd/tether pumping cycle scam might be happening behind the scenes.
https://tether.to/wp-content/uploads/2021/05/tether-march-31...
Why print money when a private company can just create its own? Just imagine what's going to happen when there's a bank run on Tether.
Its unbelievable that someone stoles a $20,000 car and do 15 behind bars, yet here we have folks that embazzled $850,000,000 and AG will sit down with them to kibdly negotiate a plea deal and penalize them 4% of what they stole. I mean seriously what the hell happened to Lady Justice??
Why print money when a private company can just create its own? Just imagine what's going to happen when there's a bank run on Tether.
Its unbelievable that someone stoles a $20,000 car and do 15 behind bars, yet here we have folks that embazzled $850,000,000 and AG will sit down with them to kibdly negotiate a plea deal and penalize them 4% of what they stole. I mean seriously what the hell happened to Lady Justice??
Balance breakdown: https://tether.to/tether-releases-breakdown-of-its-reserves/