Comrades, if you own BTC, be wary of the TQ!


#1

A scam of hitherto unseen dimensions is going on in the crypto-world. It is my duty as a national socialist to warn you of this scheme, that the international banksters may well be behind…

The scheme at hand is Tether. The idea is basically that some offshore firm with no audits “loans” money to exchanges, which is tethered to USD at 1:1. In reality, this means that someone thinks up “money” somewhere, and they “sell it” to exchanges (probably for a lot less than “market value”, but that doesn’t matter), which again is sold to unknowing traders.

Currently they have imagined over 2 billion USD, which they obviously have no intention of paying back. It’s just a matter of time until people realise that this scheme.

I can no longer be silent about this and still have a clean conscience. This scam was what drove BitCoin-prices, and when it falls, which it will, it will cause a 1929-crash in cryptoworld.

I don’t know how much longer it is safe to hold BTC, but if you choose to do it (which is fair enough), at least you have been warned…

My advice for now is to hold ADOLF and follow the Tether-Question very carefully if you’re exposed to the risk…


#2

If you think about this for just a moment, you will realize how OBVIOUS it is that this is a scam.

If you assume it is real, then they are selling their “tether” for X, knowing full well that BTC is growing exponentially, at any time, to any customer, without any fees. This is about as good an idea as giving away the money, as you will have to pay twice the amount (in BTC) to get that tether (“USD”) back in a month…

If any bank operated like this, they would be bankrupt within days. You don’t get rich by giving away money, but you can get rich by pretending to, then stealing it all…

(Some speculation here)


#3

Quality Thread.

All in on Adolf!!!


#4

Even if you assume that this company somehow has the money, they will probably get in legal trouble, and the BTC-pump before christmas was almost all driven by this…

Note that they haven’t “printed” any Tether since january…

Adolf is a safe haven now!


#5

i’m not following the scam… so some company is selling tether to exchanges and they’re just imaginary tokens? and the exchange owes back real money or pays bitcoins? are the exchanges selling tether to people too? how are the prices of btc and tether linked?