PostsCommentsPayoutsespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSagreed - better to rip the band-aid right off instead of slowly peeling away at itespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSalternatively, they could simply not redeem Tether for USD (which they don't), and then you'd have to hope that any…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSI partially disagree - the fact that crypto is unregulated isn't the main issue. Even if regulations existed saying…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BS@brookeloving thanks for the feedback :)espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSvery good point! i think these are infinitely better alternatives to what Tether is trying to doespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSnaw - just another bump in the roadespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSwell said. the need is largely unmet, and Tether is capitalizing on that... but in the most shady way possible.…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSi don't, and wouldn't take the chance. worst case scenario - you'll never see your coins againespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSit should certainly help inform how they operate and the level of transparency they should aim for.. but shouldn't…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSand, selling USDT for USD on Kraken is only possible to the extent that people are willing to pay $1 USD for $1 USDT…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSthere's no bank run bc you can't cash out to USD except on Kraken and in order to do that on Kraken, you must comply…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSit would be a bad thing because it implies that Tether can issue new tokens out of thin air, essentially creating free…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSgreat quote, and eerily relevant :(espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSthere is nobody to hold them accountable, so what do they have to lose by making stuff up?espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSfrom what i understand, these pegged assets are decentralized to the extent that no company has claimed to hold…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSthey certainly could! the fact that they still haven't and likely won't is problematicespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSit's easy to get away with stuff like this in the crypto space because there are no required regulations to follow.…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSgood question - I don't know enough about it, but if it is provably backed by something tangible, it could serve a purposeespano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSglad that you enjoyed it - I'm always looking to shed light on other ambiguous/jumbled topics, so feel free to share…espano (53)in #bitcoin • 6 years agoRE: Why Tether’s latest statement about its auditor is complete BSit wasn't really an audit though