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$1M bounty for details on Tether’s backing

hindenburgresearch.com

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Re: $1M bounty for details on Tether’s backing

#241

Post by mitchdoogle »

wpietri wrote: post #120
fnordfnordfnord wrote: post #94

Earlier quoted context omitted.

>Hindenburg is the real deal. Hindenburg is not the real deal. If you think Hindenburg is the real deal you should pay closer attention to their activities. They (he) are one of a number of noisy short sellers who try to drive stock prices with their tweets/reports. SEC should be doing things to these people. That said, he is probably right about Tether. Tether should make every crypto speculator or holder very nervo…

Oh? Why should the SEC do anything? If it's wrong to talk about a company in hopes of affecting the stock price, shouldn't Elon Musk be doing hard time?

Isn't that what everyone in CNBC is doing?

Re: $1M bounty for details on Tether’s backing

#242

Post by jfrunyon »

aeternum wrote: post #115
tppiotrowski wrote: post #13

Earlier quoted context omitted.

It’s different because Tether claims to hold 1 USD for each Tether. A claim that should be verifiable. The value of sh*tcoins is just a function of their future resale value.

They claim to hold assets with values equivalent to 1 USD / Tether. Different than holding the USD directly. They provide a more detailed breakdown here: https://tether.to/wp-content/uploads/2021/08/tether_assuranc... About half in commercial paper and CODs. A quarter in t-bills. 2B in unspecified "digital tokens".

Yes, now that they've been caught claiming to hold 1 USD per Tether without doing so, they claim it's only stuff worth (in their estimation!) 1 USD per Tether. And still refuse to provide any evidence that they are doing so.

Please stop defending them.

Re: $1M bounty for details on Tether’s backing

#243

Post by graeme »

fleddr wrote: post #212
graeme wrote: post #187

Earlier quoted context omitted.

If Tether implodes, strong risk those exchanges do too. Massive counterparty risk.

Got it. In that case, you can short $COIN. I wouldn't recommend it for another 3-6 months though.

I’ve lost all faith in my ability to time this lol. It has to come down someday, and the bigger it gets the harder it falls. But Tether has a remarkable ability to kick things down the road so far.

Re: $1M bounty for details on Tether’s backing

#244

Post by jsemrau »

qeternity wrote: post #166
paulpauper wrote: post #40

Earlier quoted context omitted.

so they can trade on it before announcing it and then with the profit pay for the bounty, assuming they pay up or assuming tether falls. Tether has survived thus far everything thrown at it. The market is evidently very confident about tether.

> The market is evidently very confident about tether. The market was very confident about Enron, WorldCom, Madoff, WireCard, Greensill, Theranos, WeWork, etc as well.

It's all good until it isn't.

https://www.reuters.com/world/china/hong-kong-audit-watchdog...

Re: $1M bounty for details on Tether’s backing

#245

Post by fnordfnordfnord »

ctvo wrote: post #122
fnordfnordfnord wrote: post #94

Earlier quoted context omitted.

>Hindenburg is the real deal. Hindenburg is not the real deal. If you think Hindenburg is the real deal you should pay closer attention to their activities. They (he) are one of a number of noisy short sellers who try to drive stock prices with their tweets/reports. SEC should be doing things to these people. That said, he is probably right about Tether. Tether should make every crypto speculator or holder very nervo…

> Hindenburg is not the real deal. If you think Hindenburg is the real deal you should pay closer attention to their activities. They (he) are one of a number of noisy short sellers who try to drive stock prices with their tweets/reports. SEC should be doing things to these people. https://hindenburgresearch.com/about-us/ Which of the items listed there do you have an issue with? Hindenburg were the folks who gave us…

Yes, he has a website where he pats himself on the back for all of the good calls he's made. I've seen it. Ask yourself, why does a short seller need public confidence at all? It's because they want to be able to move the stock price when they publish something.

Re: $1M bounty for details on Tether’s backing

#246

Post by jfrunyon »

sumedh wrote: post #237
jfrunyon wrote: post #226

Earlier quoted context omitted.

Your point being? There are many, many ways for businesses to hide their insolvency, for years[1], or even decades[2]. [1] https://en.wikipedia.org/wiki/Wirecard#Scandal_and_insolvenc... [2] https://en.wikipedia.org/wiki/Madoff_investment_scandal

Read OP's point, he/she claimed that a 5% drop in the price of Bitcoin would make Tether literally insolvent, that did not happen when BTC went from 60K to 30K

Read MY point, please prove (or show any evidence) that it did not happen.

You are claiming something that there is literally NO EVIDENCE of, while vast piles of available evidence points to the very opposite. Tether is, has been, and will continue to be insolvent. The only question is when people will notice.

Re: $1M bounty for details on Tether’s backing

#247

Post by hackingforfun »

manquer wrote: post #153
aazaa wrote: post #108

It may be counterintuitive, but the best thing that could happen to Bitcoin would be for Tether to collapse in a cloud of dust. Tether is continually cited as a large risk factor to Bitcoin by people who have gotten past the "it's not real money" objection. But I think it's worth considering what happens if the collapse never comes. If government investigation, findings of wrongdoing, admission of lies, and punishmen…

Each scam is draining some money from the market. All these scammers are siphoning of real money from the ecosystem each time. Fanatic and devoted fans there maybe, however they don't have limitless fiat money to play with. In the recent past, new found mainstream popularity has fueled inflows into all kinds of crypto products sustaining the strong bull runs despite significant and clear risks. This popularity has li…

How do you feel about stocks that have completely unrealistic P/E ratios? Is that not the same speculation that happens in crypto? And yes, I agree, prices don't go up unless people are putting more in, but I'm just saying that crypto is not unique here. Yes, traditional companies can liquidate their assets, but my point is, a lot of what's going on in stocks, at least ones greatly differing from traditional P/E ratios, is also speculation.

Also, in terms of siphoning of "real money" from the ecosystem each time, if some of the money going in is fake, i.e. Tether printing without having 1:1 USD backed up, and that is going back into crypto, then how do we quantify that exactly, in terms of "real money" lost? Is it because "real money" is also buying at the inflated prices, or is it because some of the Tether that is buying other crypto is backed up by "real money"? I'm trying to understand the argument here.

Re: $1M bounty for details on Tether’s backing

#248

Post by cmckn »

hackingforfun wrote: post #147
gitfan86 wrote: post #69

Earlier quoted context omitted.

But they can print more tether, buy bitcoin with that tether, and give you bitcoin as redemptions. This could go on for a very long time.

Can Tether give you Bitcoin as a redemption? Do you have a source for that?

Well, they can also just…not give you a redemption at all. Even if you’re an “authorized” party, they can delay the redemption indefinitely. It’s not so much a house of cards as it is…nothing at all.

Re: $1M bounty for details on Tether’s backing

#249

Post by duskwuff »

jacquesm wrote: post #189
discodave wrote: post #162

Earlier quoted context omitted.

Technically Nikola gave us the truck rolling down the hill. Hindenburg just let us find out about it. :)

"Nikola One Electric Semi Truck in Motion." must have been the mother of all marketing lies. Technically 100% true, rotten to the core.

100% truthful, yet 100% dishonest.

Re: $1M bounty for details on Tether’s backing

#250

Post by SilasX »

speedybird wrote: post #45
lgierth wrote: post #37

Earlier quoted context omitted.

Zeke = ZK = zero-knowledge?

I guess it's actually his real name, and Zeke short for Ezekiel isn't uncommon. But Zeke can also mean 'cloak'.

Well, if that's a legit name, it's sure doing a good job looking fake!

My cousin married a guy named "Chris Smith" and I was like, "yeah, that doesn't sound made-up or anything".

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