jojo69
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Activity: 3150
Merit: 4309
diamond-handed zealot
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February 03, 2018, 02:24:34 AM |
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Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could persuade Omni to do a hard fork to change those dates and times too.
The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about. the timing is actually important...they need to back before creating
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Searing
Copper Member
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Activity: 2898
Merit: 1464
Clueless!
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February 03, 2018, 02:28:47 AM |
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Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could persuade Omni to do a hard fork to change those dates and times too.
The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about. the timing is actually important...they need to back before creating yeah, what I was thinking is IF they are selling BTC to pay for Tether to cook the books...I"m not even sure if that is 'illegal' as long as you make up the difference on your claim that you back btc with usd to backstop the tether ..better late than never ..as such... thus..this dump could make a lot of sense if tether folk are playing 'catch up' at our expense with the price dump (that sounds too simple to be correct...just tossing it out there)
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bones261
Legendary
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Activity: 1806
Merit: 1826
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February 03, 2018, 02:35:57 AM |
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Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could persuade Omni to do a hard fork to change those dates and times too.
The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about. the timing is actually important...they need to back before creating Perhaps they can explain to the auditors that depositing dollars with Bitfinex/Tether.io is equivalent to depositing it into a black hole. After it passes through the event horizon, time becomes totally irrelevant.
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gentlemand
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Activity: 2590
Merit: 3008
Welt Am Draht
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February 03, 2018, 02:39:06 AM |
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I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.
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fabiorem
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February 03, 2018, 02:44:06 AM |
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the timing is actually important...they need to back before creating
Can you deposit and withdraw fiat in Bitfinex? I thought you had to buy tether first, because they had bank problems... I dont use that exchange. If the institution that control tether dont have all the money they supposedly have, and have been accumulating bitcoin over time, they might be dumping it in other exchanges for real dollar, to back the tether. Maybe this is causing the price to go down, as they need to sell quick. And they can fake those books, if the time is required. But this is just conjecture, we will never know the extent of it. One thing we know is this tether business is very fishy. If they have been pumping the price artificially all this time, they might be dumping it, and if this is true, it can create a signal for shortings in the future... every time some regulator talks about auditing Bitfinex, we will have a bear signal. This, of course, if everything ends well for all sides. Because in most cases, it dont.
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Ibian
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Activity: 2268
Merit: 1278
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February 03, 2018, 02:58:40 AM |
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I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.
They literally stole from their customers.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 03, 2018, 03:00:14 AM |
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I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.
I did that yesterday but it didn’t have anything to do with bitcoin.
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degxtra1
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Activity: 228
Merit: 46
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February 03, 2018, 03:41:50 AM |
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I hope they print 10x more, just to watch r0ach post a dozen of walltexts about ponzi schemes, silver, jews, women, etc.
let roach have this few breaths before next pump, honestly, he deserves this. Can you imagine this forum without him? btw - what happened to lambchop or so, i don't remember his nickname? he was productive like rr too.
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gentlemand
Legendary
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Activity: 2590
Merit: 3008
Welt Am Draht
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February 03, 2018, 03:43:30 AM Merited by josephpogi (1) |
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I think this is good because it's higher than the present price.
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rafanadal
Member
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Activity: 368
Merit: 31
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February 03, 2018, 03:44:13 AM |
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why would a slow as shit fake currency that doesn't even work as a currency be worth that much ? people need to use their brain.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 03, 2018, 03:47:25 AM |
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It’s only 2.5x ATH. You would think LN being fully operational would be a precondition.
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Rosewater Foundation
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February 03, 2018, 03:51:50 AM |
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I ran a neuner yesterday. But it didn’t have anything to do with bitcoin.
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infofront (OP)
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Activity: 2632
Merit: 2780
Shitcoin Minimalist
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February 03, 2018, 04:09:37 AM |
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Everyone needs to relax. Business as usual.
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bitcoin_is_here_to_stay_2
Newbie
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Activity: 28
Merit: 1
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February 03, 2018, 04:23:18 AM |
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Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could persuade Omni to do a hard fork to change those dates and times too.
The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about. the timing is actually important...they need to back before creating yeah, what I was thinking is IF they are selling BTC to pay for Tether to cook the books...I"m not even sure if that is 'illegal' as long as you make up the difference on your claim that you back btc with usd to backstop the tether ..better late than never ..as such... thus..this dump could make a lot of sense if tether folk are playing 'catch up' at our expense with the price dump (that sounds too simple to be correct...just tossing it out there) I'm not a fun of Finex, but I think there is nothing wrong with tethers currently for the simple reason: arbitrage. If people would have substantial difficulties with withdrawing fiat from Finex, they price will reflect it. Like late Mt. Gox, when BTC price run up as the only way to withdraw funds. Or BTCe, where prices where always lower, since that exchange was mainly used for cashing BTC, not buying.
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somac.
Legendary
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Activity: 2049
Merit: 1184
Never selling
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February 03, 2018, 05:09:45 AM |
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Seems we are still not out of this yet. Was hoping that when I looked at the price next it would be over 9000. At least it was for a bit I guess.
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jojo69
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Activity: 3150
Merit: 4309
diamond-handed zealot
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February 03, 2018, 05:13:04 AM |
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JayJuanGee
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Activity: 3696
Merit: 10161
Self-Custody is a right. Say no to"Non-custodial"
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February 03, 2018, 05:17:16 AM Merited by josephpogi (1) |
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I think this is good because it's higher than the present price. Actually, I agree with you gentlemand regarding the fact that any BTC price prediction that argues for prices being higher than the current price is a decent enough prediction that would allow us longer term HODLers to at least maintain the status quo of our prior gains - and perhaps add a little extra value, if the amounts account for cost of living, and even better accounts for any withdrawals that any of us might want to make through the calendar year. In the end, HODLers like many of us should not become desperate for a BTC price rise, merely because we have "suffered"(if that's the right word) a 61% price correction that seems to now be hovering in the 57% retracement territory (around $8,500). Even peeps who bought high, should not necessarily expect to be able to cash out in one to two years or even longer, because none of us should be investing more than we can afford to lose - even though there have likely been a lot unrealistic get rich quick expectations in the space that caused folks to buy into BTC while it was above $12k. Regarding CNBC as a news source regarding Bitcoin, the article points out that they have shown themselves to not really know what the fuck they are talking about, and perhaps even engaging in a certain level of negligence in some of their recent shenanigans to 1) outline specific guidelines to help peeps to buy Ripple (while Ripple was nearing its price peak) and 2) to represent Bcash as a seemingly better value that bitcoin by showing some artificially inflated and misleading bcash/bitcoin performance comparisons while having stupid-ass Roger Ver on their show as a supposed expert on the bcash/bitcoin topic. So yeah, difficult to tell if CNBC is continuing to engage in some kind of misleading ploy to be asserting that bitcoin is going to more than 5.5x from its current price. Gotta take those mainstream media fucks with a large grain of salt.
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somac.
Legendary
Offline
Activity: 2049
Merit: 1184
Never selling
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February 03, 2018, 05:20:32 AM |
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I think this is good because it's higher than the present price. Actually, I agree with you gentlemand regarding the fact that any BTC price prediction that argues for prices being higher than the current price is a decent enough prediction that would allow us longer term HODLers to at least maintain the status quo of our prior gains - and perhaps add a little extra value, if the amounts account for cost of living, and even better accounts for any withdrawals that any of us might want to make through the calendar year. In the end, HODLers like many of us should not become desperate for a BTC price rise, merely because we have "suffered"(if that's the right word) a 61% price correction that seems to now be hovering in the 57% retracement territory (around $8,500). Even peeps who bought high, should not necessarily expect to be able to cash out in one to two years or even longer, because none of us should be investing more than we can afford to lose - even though there have likely been a lot unrealistic get rich quick expectations in the space that caused folks to buy into BTC while it was above $12k. Regarding CNBC as a news source regarding Bitcoin, the article points out that they have shown themselves to not really know what the fuck they are talking about, and perhaps even engaging in a certain level of negligence in some of their recent shenanigans to 1) outline specific guidelines to help peeps to buy Ripple (while Ripple was nearing its price peak) and 2) to represent Bcash as a seemingly better value that bitcoin by showing some artificially inflated and misleading bcash/bitcoin performance comparisons while having stupid-ass Roger Ver on their show as a supposed expert on the bcash/bitcoin topic. So yeah, difficult to tell if CNBC is continuing to engage in some kind of misleading ploy to be asserting that bitcoin is going to more than 5.5x from its current price. Gotta take those mainstream media fucks with a large grain of salt. Or put simply, CNBC are a bunch of evil pricks.
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