I a software engineer/programmer and i have found alot of proof that
tether is being sold to exchanges and that it keeps being printed.
I've found out that it basically is being printed for the sole purpose of purchasing btc with this
newly printed "money" thus popping up the price of not only btc but all cryptos.
I'm working on a documentary on the whole tether scam that will have the biggest
impact on cryptocurrency and the news will be all over it. It will trigger
a bitcoin sell-off like we've never seen before when people realize that 90%
of the marketcap of bitcoin is fake printed tether money.
Surely the rational conclusion is that if Tether is compromised, people would dump their Tether and the money comes flooding back
into Bitcoin? Or is it just that the dramatic conspiracy theories make a bigger potential draw for your documentary? Altcoins collapse all the time and Bitcoin is largely unaffected. Plus, you can't really argue it's in any way logical to sell Bitcoin for some fiat fake printed money because you were worried about Tether fake printed money. The sensible investor would avoid the fake printed money altogether and stick with the coins that have a fixed supply.
I've always been dubious of Tether, since there's literally no conceivable way that:
"each unit of Tether is backed by one United States dollar held in reserve by Tether Limited, and may be redeemed through the Tether Platform"
Even if they're talking about fractional reserve, it still sounds like horseshit. I honestly don't think there will be too many people out there who will be shocked by your
sudden revelations.
There is a reason i decided to leave cryptomarket, it's because i decided to make a documentary on it. Thanks to my coding knowledge and hacker background i've managed to collect alot of information.
kbai.