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Tether (USDT): EXECUTIVE SUMMARY (Patreon)

Published:
2021-08-13 10:01:03
Edited:
2021-08-19 15:35:13
Imported:
2021-09

Content

Tether (USDT): EXECUTIVE SUMMARY

Tether is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued. From Wiki.

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Comments

Anonymous

Why not just put into a gold backed crypto such as Pax gold? Or maybe you guys should remote view it first lol.

Anonymous

Watch Coffeezilla YouTube channel 'Exposing Tether' and read Bitfinexed on Twitter. Bitfinexed has been exposing the shady business of Tether and Bitfinex since 2017.

Anonymous

Would USDC be an alternative ? Clif High has a time-marker for a big drop around December 2021 - about 95% drop but in 2022 he sees BTC at 2M+.

Anonymous

Thanks guys. Great info!

Anonymous

OMG this was so thought provoking and ideas rich! Also ... I'm picking up on BAO ..WoW.... Something I'm hoping to find more insights on to contemplate. ... I'm a slow chess gamer... So I need to just wait for the info I ask universe to come in good timing as it normally does do. Big shout-out of thanks guys and I'm a greenhorn here as I joined the Visionaries last night. Peace and prosperity to us all who are worthy. Loved and watched for Dick and Ed' presentations for Few years and lifelong fan and seeker of remote viewing here. Live long and prosper!

Anonymous

There is always that Black Swan event that no chart, or viewing, or medium can come up with. We can only smell the smoke and yell fire when the flames start showing themselves.

Anonymous

TUSD and USDC??

Anonymous

USDC? That's what my move was going to be. Unless we can find something better?

Anonymous

Do you think Dick is selling all his cryptos in the next 6 weeks or maybe half?

Anonymous

i've always had the feeling that USDC was going to be the one that the US govt would back as goldman sachs/circle and coinbase are behind it. seems like there is war going on that is trying to kick out tether; as tether is widely used in asia, this might spell trouble for these markets.

Anonymous

The issue is simple: Tether itself claims up to 50% of its backing is ‘unspecified commercial paper’. Not illegal, but 99% chance of derivatives. Which means it’s a time bomb, and the right event can cause a major unwind, and potential liquidity crisis, even a bitcoin market supply dump to cover. It’s tied to Brock P, which is tied to Bitfinex, and shenanigans for days. This thing has to surface for crypto to move fwd long term, unfortunately. I wonder...does a broader banking crisis, involving derivatives, trigger the Tether event?

Anonymous

Great Question put out there by Dick as regard "where to turn to with our crypto gains "when Tether implodes. We all of course want to avoid any Fiat currency for obvious reasons, but also holding cash in any bank is not a great option with the high possibility of a banking collapse when the bigger markets going into a sharp drop and melt down.? Looking forward to hear from the CV team on this topic.

Anonymous

Thanks for the overview - that is it is over

Anonymous

There are many other stable coins besides Tether. The one I like is TUSD. It supposedly has cash reserves to back it up, unlike Tether.

Anonymous
>>65743503

Thanks for asking. I feel the same. Would like a follow up.

Anonymous

Thanks so, so much for allowing also this level to be seen, much appreciated, as usual. Would also really be looking forward to a " solution " video, as to which way would be best to navigate these incoming troubled waters ... :o)

Anonymous

I would go into dai and its multi colateral now wich was aguably better just back by eth because now its more centralized. But of hand i would go with dai and usdc.

Anonymous

They are being allowed to do this but i often wonder if Pat Price was too good and his priviliges were revoked. I often think how great Hitomi is and how she left us far too soon.

Anonymous

Again thanks guys, yes Dick that truly is the million dollar question.

Anonymous

Thank you and yes pls let us know what to use when we exit out...USDC? Is that safe?

Anonymous
>>65743084

I think that if you don't like the stable coins or U.S.D then the only place to put it is in Silver/ Gold

Anonymous

The Executive Summary has been blocked on Vimeo. Any way to fix this? My screen says "Sorry. Because of Privacy Settings, This Video Cannot Be Played Here."

Anonymous

The ultimate stable coin of human history is gold and silver;-)