Bitcoin charts real time ticking
Tether is a cryptocurrency designed to be pegged to the USD in a 1-to-1 ratio. However, it's back in full force now as their relationship with their bitcoin charts real time ticking recently dissolved. Is this the end for Tether? Nobody knows, and the reality is that bitcoin charts real time ticking a time-line of such an event is near impossible. However, what we bitcoin charts real time ticking know is that Tether has been increasing the rate at which they print money.
Most of the crypto community is cautious about it even if they use it, suggestings its public perception isn't the highest. They've have many issues with banking - What do bitcoin charts real time ticking think the odds are that serious individuals and businesses have increasing demand for Tether which matches the rate at which they are being created?
The primary function of Tether is to bypass bitcoin charts real time ticking and capital controls that exchanges face with using the real USD or other fiat currencies. As they grow larger and larger, Tether will paint a bigger and bigger target on their heads and eventually the US government or another government will likely take action against them. However, I still suspect Tether is bitcoin charts real time ticking scam either way as it looks and behaves like one.
When Tether retailiates against the accusations made bitcoin charts real time ticking them by Bitfinexed, they sound like children rather than professionals a characteristic I have seen as particularly common in the crypto space. The dissolvement of their relationship with their auditor suggests the auditor found bitcoin charts real time ticking that Tether wasn't bitcoin charts real time ticking with revealing.
If it looks like a duck, acts like a duck, walks like a duck and quacks like a duck, it's probably a duck. It is highly probable Tether is a scam and if it is well interconnected with Bitfinex as many suspect, then this poses a huge systemic and systematic risk to cryptocurrencies as a whole. Keep a close eye and be cautious. This is a perfect opportunity to bring up bitUSD from bitshares.
Also, there is no central authority to go after. Also, it would be great to show people how to purchase bitUSD. Might look into making a video on 'stable' coins in future just in general given it is a popular topic.
Won't the deflationary properties of crypto collide with the inflation of the Fiat is is back on. Also won't the trading of the crypto affect the price. What happens when people try to pump and dump collateralized crypto curencies.
Also cuz it is free float, wouldn't the price change anyway, will the price differnce be marginal, such as tether or will big pump and dumps devalue the currency below the collateral. These are legitimate questions that the bitshares community should take into considerations before bringing such a dangerous game into mainstream adoption. Please note, the crypto space is filled with unpredictable moments--look at what happens to SBD now! And that there is no central authority 'to go after. The way the crypto market is creating its own FUD, it will definitely end up in the hands of central authorities for the simple reason that the way the little boys behave, everybody will be calling for the big boys, to make sure their funds are safe, as the impression that the entire market is a Ponzi made by folks who just dream up virtual products, may be be intensifying rapidly and ruin the entire concept of crypto.
Proposing that customers change one of their hard-earned dollars into 2. That's humanity's tragedy uh no - lets just call it a burlesque drama that it keeps complaining about a lack of freedoms, when we're really a bunch of insane, adolescent primates who are using every opportunity in the sandpit to steal each others' shovels the instant big daddy happens to look in a different direction.
It's either no trust or too much Don't put words into my mouth because you don't understand the concept of collateralized assets. Upvoting your own posts is of course quite in the style of steemit, where egalitarian whales rule with highly convincing "steem power.
You're proving my arguments in such a concise manner that potential customers will hopefully now better understand the risks involved, though they'll certainly keep asking themselves what the actual benefits are supposed to be - as the salesmen prefer to not mention the subject.
Texas authorities have just taken the first step to inhibit the growth of Arise Bank, a bitshares partner. I've been watching bitshares since I started being interested in crypto, and I've seen this coming up. It's complicated, they are not just letting us put our money on decentralized exchanges anonymously. Too good to be true. Seriously go read what collateralized asset are before saying stupid stuff. AriseBank was not a bitshares partner. They wanted to use Bitshares for their tech.
Speaking of salesmen, well I have been a salesman once in a while, and I know how salespersons behave. They tend to dodge those critical inquiries whom the potential customers are throwing at them when the product they are trying to sell doesn't support the customer's needs.
It is called diversionary tactics, by shifting the direction of the sales pitch into something fancy feature that the customer won't even need after all. I only use BTS to move my funds from exchange to another exchange to save me from withdrawal and high transaction fee.
But when Doge is available, I always prefer Doge because it has more inherent liquidity among all utility coins. No sane polity will allow bitcoin charts real time ticking usurpation of coinage and capital controls by bitcoin charts real time ticking hacks "minting" digital garbage. As you eloquently point-out, the central authorities merely need to control the access points to and from the crypto-market by enforcing AML regulations that already govern banks and financial institutions.
When no banks will deal with cryptocurrency exchanges, the entire scheme will collapse. That the central authorities of major polities have allowed for the growth of cryptocurrency market, thus far, assures near-future central control and regulation over the cryptocurrency market. It will be beneficial to all involved, when central authorities properly regulate cryptocurrencies bitcoin charts real time ticking the way for major financial institutions to enter.
Then, and only then, will mainstream adoption finally occur. Decentralization is a garbage pipe dream of teenagers for a by-gone era that have not existed bitcoin charts real time ticking ten-thousand years. I don't necessarily have to agree with this observation. Do not underestimate the power of peer-to-peer exchange as demonstrated by LocalBitcoins. The harder to buy, the price soars to the moon!
Crypto will then become more valuable store of value than ever. When cryptocurrency to fiat conversion is essentially severed by banking interests and governing regulatory agencies, then cyrptocurrencies effectively become worthless baubles.
Cryptocurrency is not like heroin or cocaine that has end-use value. It is merely an exchange medium that requires an end-point conversion to fiat. What sane mercantile institution will accept cryptocurrencies for their wares, when bitcoin charts real time ticking exists no financial institution for fiat conversion?
For cryptocurrencies to have any value, it requires banking cartel support and government assent for fiat convertibility. Can "peer to peer" transactions support millions or billions of USD worth of transaction orders? Peer to peer is a fad, not some revolutionary exchange medium that will replace the current financial institutions.
USD with bitcoin charts real time ticking success in the past. Though I am now no longer as adverse to using USD since if you are playing by the rules you are paying taxes on every trade. How can the goverment react to those trades? I mean what are the possibilites? Wouldn't they tax them us as usual trades? They do tax crypto trades as usual trades non-cryptoas of Non-crypto trades involve USD for U. Meaning when you sell something you are taxed on it. Now whenever you make a crypto-crypto trade you owe taxes on gains.
So even trading in and out of bitcoin you owe. Hopefully something like this gets adopted widely before tether goes down, I doubt it though. There might be a rush from exchanges to adopt some sort of replacement after the bitcoin charts real time ticking leading to some making suboptimal choices.
Or graduate from Fiat peg already and stay in crypto. The whole crypto gotta work to be actual currency, that's the real with and what we want this to be ultimate, is it not? While I like the idea of Bitshares economic ecosystem, the question is: Correct, in US dollars.
Therefore "bitUSD 2x collateralization by BTS value" is a meaningless expression because once the dollar value of bitUSD evaporates it won't matter how many times something is backed by zero. And there's something else. Markets always deal with perceptions as suppose to real stuff.
Therefore if you create a currency which is a stealth representation of the USD then you committing a grave sin of the unauthorised USD printing and no authority in the world will tolerate its currency counterfeiting. Stan Larimer was interviewed by the badcrypto podcast last month and he mentions that Tether is not backed by anything unlike the real US dollar-backed version used in the bitshares.
Thanks for this report. I always thought Tether was supposed to be a stable coin. I didn't realize it was such a scam. The way I see it, there are two likely reasons: I lean more towards option 2. If Bitcoin charts real time ticking were Friedman I wouldn't want to be associated with a negative event in the crypto space. Especially when it sets a precedent for future audits of companies in the crypto space.
No company will want to hire the auditors that both destroys a crypto asset and, most likely, brings down one of the biggest crypto exchanges. I am a CPA and auditor at one of the big global accounting firms.
I have seen this same type of activity happen a few times in the past not to me personally, but to some of my colleagues. It usually results when the auditor finds a problem and the client refuses to acknowledge it's a problem.
Instead of getting involved in the scandal and opening the door for legal exposure, the auditor declines to issue an opinion and severs the relationship with the client. If Friedman issues a negative audit report and Tether disagrees, they could and probably would sue Friedman for various reasons, even if they are hiding a scandal or fraud.
Frankly, Tether is just a ticking time bomb, and it is in Friedman's best interest to distance themselves from the blast as much as possible. Tether somewhat reminds of WorldCom
Controversial in nature it' s a tricky subject to engage with since any policies that deal with wealth distribution require the state to take from one group of people give to another.
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While our computers love this data, us humans generally think better when we see a picture. Cryptocurrency APIs that could be used to build a trading bot include BNC Bitcoin B Bitcoin charts real time ticking.
Maybe I'll try an official release when they have a website going. It is determined by the amount of BTC in your margin account plus whichever is less for each of the other balances in your margin account the amount of BTC they can be sold for on the current order book the amount they could be sold for at the 12hour average trading price in their respective markets It.