There are certain claims and objections that I have to respond to frequently. Some people will still claim that Tether has never had unbacked Tethers. I am attempting to create a valid and sound deductive argument that will conclusively prove that is untrue. I love philosophy and deductive reasoning, so may do a few of … Continue reading A Simple Deductive Argument Proving There Were Unbacked Tethers
Ethereum Vitalik breaks down the limits to scaling. Hard Forks Eric Wall shares a flowchart from the Segwit2X Bitcoin scaling debate that can serve as a useful model for understanding contentious hard forks. https://twitter.com/ercwl/status/1397977347572310018 Steve Bannon's Italian Gladiator School for Western Culture Ben Munster breaks down the absurdity of the above phrase. ICYMI https://bennettftomlin.com/2021/05/23/tether-and-bitfinex-are-unacceptable-the-fundamental-divide/ In … Continue reading Sunday Reads – Things I Found Interesting 2021-05-30
In this episode Cas and I take a look at the payments processor for Bitfinex, Tether, Kraken, Quadriga, and Bitmex. They’re implicated in money laundering for the cartels, wire fraud, bank fraud, embezzlement, and more. Episode 6 – Crypto Capital Corp: the quiet billion dollar cryptocurrency scam — Crypto Critics' Corner https://anchor.fm/s/4fa795b4/podcast/rss https://youtu.be/bPAfTQjMkbk In this … Continue reading Episode 6 – Crypto Capital Corp: the quiet billion dollar cryptocurrency scam — Crypto Critics’ Corner
It can be difficult to talk about Tether, not because there is disagreement on the essential facts, but due to the lens through which these facts are viewed. The skeptics and critics find it unacceptable that these businesses would give over $1 billion to money launderers and NEVER SIGN A CONTRACT. The traders find that … Continue reading Tether and Bitfinex are Unacceptable: The Fundamental Divide
Stu claims many things, all on his personal Medium Stu felt he had to respond to posts like mine here: https://bennettftomlin.com/2021/05/13/for-every-1-of-tether-there-are-0-03-in-cash/ SafeMoon the US Based, Ponzi-like, FBI Related Token SafeMoon is a popular cryptocurrency (especially on places that prey on unsophisticated investors like TikTok) and based on reporting by Protos Media it seems to be … Continue reading Sunday Reads – Things I Found Interesting 2021-05-23
https://youtu.be/Ey9ngsxG9sE?t=1079 Cointelpro is a new podcast that I went on, quite different from other ones I've done. Much broader in scope and much less focused on crypto. My interview starts a little after the 15 minute mark. We discuss what is crypto, why is crypto, and how does crypto inherit from classic American con men. … Continue reading My Appearance on COINTELPRO
https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf Tether Releases Asset Breakdown I wrote up my thoughts on it here. https://bennettftomlin.com/2021/05/13/for-every-1-of-tether-there-are-0-03-in-cash/ Cas Piancey and I also did a podcast episode on it: https://bennettftomlin.com/2021/05/15/new-episode-of-tether-a-stable-discussion-with-cas-piancey-tethers-pie-charts/ David Gerard wrote up his and seems to have trouble determining what a 'reverse repo note' might be: https://davidgerard.co.uk/blockchain/2021/05/13/tether-publishes-two-pie-charts-of-its-reserves/ http://web.archive.org/web/20210513214721/https://davidgerard.co.uk/blockchain/2021/05/13/tether-publishes-two-pie-charts-of-its-reserves/ Amy Castor (archive) also wrote up her thoughts on … Continue reading Sunday Reads – Links I Found Interesting 2021-05-16
Photo by Mikhail Nilov on Pexels.com Understanding the role of wildcat banking in the United States is an important portal into the modern role of Tether in crypto. Wildcat banks were banks that were not bound by federal regulations and thus these banks were often under-collateralized and were issuing their own currencies that could only … Continue reading Wildcat Banks, Liberty Reserve, and Tether
Episode One Episode Two Episode Three https://www.youtube.com/watch?v=VgYiujCUI_o My co-author and friend Cas Piancey and I got together to discuss the recent pie charts released by Tether. You can find the discussion of it here: AnchorSpotifyOvercastAppleRSS Feed You can find my article on this topic here: https://bennettftomlin.com/2021/05/13/for-every-1-of-tether-there-are-0-03-in-cash/ And Cas' here: https://protos.com/tether-pie-chart-usdt-dollar-pegged-crypto-stablecoin-dollar-value/
Tether has shared an asset breakdown with several crypto news outlets. (Archive) It has revealed to us that for every Tether in circulation on March 31st, 2021 they had approximately 3 cents. Obviously it is a little more complicated than that. We know they have to have something else in their reserves. So what is … Continue reading For Every $1 of Tether There Are $0.03 In Cash