How will the judge determine this case if they will never show documents and audits to remove th doubts behind the backing USDT? Do you assume the investigations will stop?

You are using the word FUD according to your own definition everytime someone asks questions? Are we not allowed to have the right to express our own doubts, ask questions and speculate without being called FUD? You agreed that Tether is shady.

In any case, another speculation for you. This statement from the SEC is very broad and might also cover Tether and many other tokens in the cryptospace.



Source https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

@cryptoaddictchie. Too many? Can you list them? I have not presently seen exchanges delist XRP, however, I speculate American exchanges might be talking to their lawyers for advice hehe. I predict Coinbase and Kraken to delist XRP before 2021.

I am quite certain other cryptofunds and crypto asset managers have begun to dump their XRP also and I speculate that exchanges might begin to delist this. No one will be risking their licenses for allowing trades of an illegal security.

Also, the articles have mentioned that the SEC has sued Ripple. This appears that a judge will determine if XRP is an illegal security or not. The decision might become a legal precedent on many cases regarding if a cryptotoken is an illegal security or not. We should hope Ripple wins this case.



Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund.

Bitwise said the move took place in light of the U.S. Securities & Exchange Commission (SEC) has alleged that XRP is a security.

Bitwise said its crypto index fund "does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws."

Source https://www.theblockcrypto.com/linked/89018/bitwise-crypto-index-fund-xrp

I am shocked the SEC charged them. I have speculated that the political connections of the people behind Ripple might help them avoid this. It also appears that other projects might be charged. Jed McCaleb funded Stellar by selling his XRP. He might be next.

I was only showing an old argument made before in the cryptospace. It also shows that Elon Musk ponders the questions that we should be exploring ourselves. However, much of us do not and care only what the larpers are telling us because it is easier, it also pumps bitcoin hehe.

It might not be practical for the tax authorities to do this themselves, however, this will cause a very productive relationship between blockchain analytics companies and the government. There might also be some exchanges who would cooperate with the IRS similar to Coinbase.

@philipma1957. I disagree. According to www.cryptocompare.com, Tether is 50% of the volume of the whole cryptospace, I speculate that if they were shutdown by the regulators, it will remove much of the liquidity of the many of the exchanges which also many of them are unbanked and depend on USDT's liquidity. It might cause panic buying of bitcoins and other cryptocoins to withdraw from exchanges, however, it might also cause exchanges to stop trades and freeze withdrawals. If we are successful in buying and withdrawing their coins, we might have a dry market in need of liquidity.

Also, what might happen after? In the big short, the government bailed out the banks by pumping money to the economy. I reckon the government will not bail out the cryptospace in case of our liquidity crisis. I reckon these are questions that should be with us to plant our feet on the ground.




@exstasie. The questions will never be gone until Tether, iFinex shows the documents and the audits.

Also, this is the definition of FUD.


FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.

Source https://en.m.wikipedia.org/wiki/Fear,_uncertainty,_and_doubt

What Michael Burry said on 2005 is that the derivatives the were rated AAA and BBB by the corrupt rating agencies were made up of bad mortgages and the bubble would pop. Is this FUD if it is based on facts?

The definition of FUD that you are using might be wrong. FUD is based on propaganda and lies to achieve its purpose.

In any case, the mainstream media is beginning to speculate on it also. There might be a situation where this issue will be unavoidable.



Bitcoin hit an all-time high today at $20,000 and “hodlers” have been rejoicing. However the upswing this year leaves consistent questions about the issuance of Tether, the stablecoin (USDT) that seemingly has a limitless ability to print money. The flow of Tether into Bitcoin generally correlates to the rise in price particularly over the past year - whenever Bitcoin seems to fall, a load of new Tethers are created (often over $50m at a time) and buys BTC, taking the price of BTC back up.

This staggering increase of over $4b of new Tethers implies that someone paid $4b into Tether to purchase Bitcoin in just the past three months. Tether has a somewhat of a checkered past with its policy not to publish any kinds of audits nor show proof of funds. Whether or not they are the recipient of $4b of cash is not known but it raises questions especially when Tether is created over the weekends and other times when other markets wouldn’t normally trade.

So if you’re a Bitcoin believer, just follow the Tether printer and watch the printing. But if they stop printing be wary of the downside if there isn’t that injection of USDT coming so regularly. We may see more on January 21 when the NY Attorney General’s deadline for information from them.

Source https://www.forbes.com/sites/robkniaz/2020/12/16/the-problem-with-bitcoin-at-20000/?sh=5a52743024a0

This article.

I speculate that the cryptospace will be fractured to the compliant exchanges based in America like Coinbase and Gemini, the noncompliant of the rule but still KYC exchanges similar to Binance, Bittrex, others outside of America and the grey exchanges where there will never be KYC.

I am afraid that in the future, the acceptance of the coins withdrawn from each of these exchanges might be different depending where they came from. Grey exchange coins might be considered dirty coins.  



FinCEN wants to lower the threshold for automatic Suspicious Activity Reporting (SAR) under the Bank Secrecy Act (BSA) that Money Services Businesses (MSB) are required to comply with to $250.00 USD on cryptocurrency transactions that cross a US border.

Additionally, FinCEN wants to change the definition of "money" to include Convertible Virtual Currencies (CVC).

This is bad for many reasons, I encourage you to take a few moments to read through the rule changes and think critically about the implications.

Read in full https://www.econoalchemist.com/post/fincen-fatf-purposed-travel-rule-changes

@bigslimvdub, @estenity. I reckon just preserve buying power at present, our pumping whale is gone hehe. He might return and surprise everyone when everything has calmed down similar to the last time he pumped Aeon.

@Shallow. This might be either be the developers of Defi are incompetent fools or they are themselves the hackers of their own Defi projects. After what we have witnessed here in the cryptospace, it would not be shocking if hacking own project is the new for of exit scam.

Related to Elon Musk's mention of bitcoin, the mainstream news media likes to twist the truth and create another clickbait. Elon Musk did not inquire about moving large transactions to bitcoin. It was Michael Saylor who was going to Elon Musk's tweets to larp about bitcoin.



Elon Musk inquired about converting “large transactions” of Tesla Inc.’s balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, a prominent booster of the digital currency.

Source https://www.bloomberg.com/news/articles/2020-12-20/musk-inquires-about-moving-large-transactions-to-bitcoin

How can we know if the developers of Defi are not the same group of people?

@zasad@. Another one for your list hehe. You should add all the losses from the Defi hacks and post how much the total losses are for 2020. We can compare 2020's total with next year's total.



Decentralized finance (DeFi) lending protocol Warp Finance has experienced a flash loan attack that resulted in a loss of $7.7 million worth of stablecoins.

Warp said the attack essentially allowed one user to borrow more funds than their collateral value, resulting in a loss for other users or lenders. Flash loans allow users to borrow funds without collateralization, provided the funds are repaid within a single blockchain transaction.

Source https://www.theblockcrypto.com/linked/88415/defi-warp-finance-attacked-lost-7-7-million-stablecoins

However, he is also one if the smartest people in the world. Bitcoin is similar to fiat has also been an unpopular argument in the cryptospace community but an argument not closed. According to the argument, bitcoin is similar to fiat, not similar to gold because it was created by man, it has a version no. and a group of men can decide to fork it to issue more coins or fork it to print more coins for themselves similar to Roger Ver.

They are correct. The other image, it is impossible for it to have the wrong date and time because this was from my Android phone. The administrator clearly fixed the problem after 15 minutes. He saw my post hehehehe.

Beginning on 2005, Dr. Michael Burry saw the shadiness of the banks in the housing market. No one saw and everyone refused to see what he has seen when he began his big short move. If he went to forums and told everyone about this, would it be FUD based only on speculation also?

I am not certain on the 3 faces, however, the others are the bloody faces of Donald Cerrone, Rafael dos Anjos, Kevin Lee and Anthony Pettis hehehe.

In any case, agreed on your statement on Geoff Neal. He also has 5 rounds for his fist to connect to Wonderboy's chin hehe.

@exstasie. Did you read the article? I would argue that it is not FUD because it is not based on lying. It was only a speculation that it might cause a big short similar to the 2007 financial crisis because there are people behind this economy who do very questionable things to pump the market. See the difference? This story behind Tether might become a movie of one of the greatest financial schemes in history.

Marriota was doing the team well until the turn over. I reckon. It appears the Chargers will win the game with only a field goal.

Update - Chargers kicker missed hehehehe!

The game is going to over time.

@exstasie. However, where is the FUD? It is Bitfinex, Tether and iFinex's business activites that are questionable. No one is conjuring stories based in lies and nothing. They are based on the acts of people behind Tether itself.

This article might provide more knowledge for you.



Bitfinex is one of the historically largest Bitcoin exchanges and Tether is by far the largest stablecoin. Each potentially has significant influence over the industry on their own, and their interconnectedness makes this more of a concern. However, since both were founded years ago and many of the events have happened and been in revealed in bits and spurts it can be difficult to understand their place in the cryptocurrency environment. This will hopefully serve as a basic introductory document that will then prompt further research.

Source https://bennettftomlin.com/2020/12/08/an-introduction-to-the-tether-bitfinex-controversy/