I find interesting articles about Tether and want to share it in the Steemit world!
The basic claims made in this article:
- Many accuse Bitfinex of manipulating BTC price by using unbacked Tethers to buy BTC.
- Bitfinex own and control Tether.
- Tethers (USDT) are not 1to1 backed by USD < 10%.
- Bitfinex and Tether do not have reliable Fiat banking partners.
- Tethers are unwittingly / unknowingly held by thousands of people in wallets via Coinapult Lock(TM) feature.
- Bitfinex et el refer to USD instead of Tether.
- The bank at the centre of DASH and Bitfinex is Cryptocapital which is not a Bank!
- Cryptocapital are unlicensed and uninsured, using entities as banking partners who are known criminals and scammers.
- CryptoCapital offer services to many exchanges and are the same people behind Coinapult.
- Coinapult claim to Lock BTC or DASH to USD, which is actually unbacked Tether USDT.
- Coinapult Lock(TM) is incorporated into the Mycelium wallet as well as DASH, Safello and many others.
- DASH have incorporated the unreliable fiat banking solution provided by the people behind Coinapult / Cryptocapital.
- Roger Ver is very knowledgable about Tether despite claiming not to be since being an investor of Coinapult, Safello and Kraken all connected to Coinapult.
- EXTERNAL TETHER AUDIT is planned for 2 Jan 2018!
- EXTERNAL USD AUDIT is planned for 6 Feb 2018!
https://medium.com/@untetheredbtc/how-the-tether-usdt-distribution-system-works-84a5c673bec0
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