We discussed a few post ago that I have no problem with conjecture, debate and differences of opinion but I do have issues sometimes with how things are presented. This is an example of that. It is possible that it is just that you don't fully understand the report but it looks very much like a deliberate attempt to misrepresent it by selectively quoting out of context. I'm giving you the benefit of doubt here, I'm the son of an accountant, so I grew up with this stuff and I have been sole director of Limited companies. Maybe what is strikingly obvious to me isn't to everyone.
I remember very well that your main argument when we had this discussion before
was that they received bank statements to the bank accounts as well and not only took a look at
Tetherīs accounts at the snapshot
date, which would make my theories impossible (Tether wouldnīt have been
able to get the liquidity for the snapshot date from somewhere else).
However, the memorandum also explicitly states the following:
I remember that you argued that they had not seen bank statements by selectively quoting the line where they said they had seen snapshots of the balances and neglected to the statement just below it saying they had.
Now, what is the context of this quote?
We have not performed any procedures or make any conclusion for activity prior
to or subsequent to September 15 2017...
It comes at the beginning of the document under the heading
Background where they outline the purpose and scope of the report. In summary to verify that Tethers are fully backed as of a specific date.
This is what I quoted last time and its context is that it is under the heading
Procedures Performed where they describe what they actually did.
FLLP traced the cash balance on the trial balance and bank statement for each bank account and inquired of Client as to any reconciling items.
They explicitly stated that they
traced the cash, that means verifying where it came from and fully rules out the conspiracy theory that they just borrowed the money from a friend to fool the accountants.
So it is not.....
Therefore it is still possible that the funds were wired into the Tether bank accounts prior
to the date.
As for the rest of your post. However many audits reports or whatever Tether and Bitfinex issue will not make any difference, the conspiracy theorist will just misrepresent them in the same way they did this one. Privately held companies are under no obligation to make accounts public.
I hope you're just having a laugh with ETH stuff. Making a comparison between using a technology as a means of transmission and a Ponzi raising funds through an ICO. Please tell me you are joking.
Going back to conjecture and opinion. Your opinion would be that the large increase in the issuance of Tether over the last few months is a sign that it is a fraud. My opinion would be that it is entirely consistent with the increase in interest in crypto and mainstream news coverage during that time. There were days back in December where my fiat markets squawk feeds were entirely filled with Bitcoin news. The fact that a large amount of money poured into the markets at the same time is entirely logical to me.