TechLead
Ex-Google multi-millionaire TechLead issus a warning on cryptocurrencies and the Tether scandal. Here’s the blog post on Tether: https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 and another article https://www.reddit.com/r/badeconomics/comments/nfv8vg/the_tether_ponzi_scheme/
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[update] Follow up video here ("Why Bitcoin is going to Zero"): https://www.youtube.com/watch?v=iomRREashI0
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Do you have any proof you sold all your btc? Are you pro trump? Stop bullshiting We are not falling for that!
LOL
use my real money to buy fake money ……. ok , only if i can sell the fake money for more real money than i bought it for … last one holding the fake money when its shut down or worthless is a rotten egg!
Isn’t the real problem we are facing following : if said percentage of people try to liquidate their real usd savings the banks couldn’t handle them the money in cash ?
All of the shares bought with usd would also be inflated.
Don’t get me wrong I don’t say this whole usdt thing is not real. But it fits for most of the currencies circulating in our world economy.
This is how our financial system works and usdt adapted it.
That’s why I am still holding onto all the kryptos because through the decentralisation they shouldn’t be affected by this system.
Honestly it’s the only reason I hold kryptos. It seems like they are the only way out of this financial system in the future.
ma man has two mice out for maximum productivity
Bitcoin is a pyramid scheme
you have won me as your subscriber cos you are very sensible and logical on this sharing
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I don’t think you understand crypto. I’ll always be able to cash out my USDT. Do more research.
Stupid
you are a financial prophet
I just don't understand why this only just now starting to be a concern to you guys, we have been very vocal about this since 2017 and nobody would listen. It never had to get this out of hand.
Are you serious?!… you said "this is why bitcoin is dodgy" then proceed to literally describe the current dollar system!!!??? All the issues you explained already exist in the fiat currencies lol..
So this is how Gresham's Law would manifest with digital currencies
Just bought btc today , did i miss something?
this is what a weak handed FUDBOY looks like
James Jani and Contrarian investor did similar videos on BTC. First a mini doc but both well researched. Also most (ALL) big players pumping benefit personally by sml to-the-moon emoji players staying in/drinking Koolaid. If sounds too good to be true prob is. Some made $$$ by getting in early and some prob still make $$$ from inside info and knowing how to play trading game. But when big banks, Soros, and HWood celebs etc esp ones tied to Bilderberg get in sb big red flag. Good video w/Anton Kriel ‘10 secrets about trading’. Same prob applies to BTC. Your money your choice.
Well selling was a good thing. You can buy back in whenever and you are up!
If you express a different opinion about bitcoin to those toxic bitcoiners, they would immediately get butt hurt and attack you, it is scary, like a cult . They are ruining Bitcoin's reputation .
You're right. Seeing Tether grow has made me worried. It was adopted quickly because of the DeFI market.
sounds like they work the same as the traditional fiat banking system everyone uses daily
"As a millionaire" disgusting. Don't listen to this man. He knows literally nothing about what he's talking.
How did google, Facebook hire this guy? Oh wait, they hired him. I'm not surprised anymore.
So sell my bitcoin but buy doge? I'm glad this is not financial advise.
Physical ownership of precious metals, home ownership/real estate and in a quarter century; water and food basics will no longer be there for vast arenas of population. A society of oligarchic, feudalism is in development worldwide! My hope; the CCP and in conjunction Kuomingtang Revolution can/will resist worst elements of objectivist exclusiveness capitalism!
what about buttcoin?
I think this misses the point of crypto. I might not understand it completely but I'd guess that buying Tether is just like buying any other crypto except it's programmatically pegged to one dollar. It's not like doge coin is 100% backed by USD. The point of a stable coin is simply to act as a vehicle to transfer fiat, or hold fiat as a synthetic form of the fiat. Most fiat is digital anyways just like Tether and also isn't backed by anything. That ended when we were taken off of the gold standard. Fiat currency is simply a Ponzi scheme just like a lot of crypto currencies. The only true value to be had in this world is in real hard assets like real estate, food, and other commodities along with labor and knowledge among many other tangible and essential things that provide real value. The fiat system has just become a rigged game to keep most people from being able to obtain things of real value.
There are weekly notable scams and expolits on the China Binance group and sister affliates like Thorchain Inc. The Binance weekly unlawful exploits are a huge market overhang and is being investigated worldwide. The newest NFT issue may be with Thorchain Inc of Binance and the so called sovereignsky ruon.ai faux "space" charity that is not transparent and taking in funds of artists and investors in irregular ways for over 2 years now. May be Ponzi Alert. It is so bad for Thorchain and ruon.ai that the value was completely flipped in just days with people trusting COMOS ATOM1 whose market share eclipsed the collapsing Thorchain Inc.rune/ruon tokens. Is ruon laundering money abusing NFTs and investors in a Ponzi? Are key players in ruon.ai in UK and USA associated to Diamond Resorts International timeshares huge PONZI schemes of Las Vegas NV, Florida and Brazil?
BIG CRYPTO STORY ….Boson Protocol To Enable A Decentralized Commerce Ecosystem in DECENTRALAND
I can see why you're no longer working as an engineer. You have a very tenuous grasp of cause and effect
Just use USDC instead why make such a big deal out of it
Before your video, there was a Bitcoin commercial. 🙄😳😐🤨🤣🤣🤣
How do you feel about bitcoin and the whole el salvador/ecuador/etc embracing it now?
PS: This video is awfully about tether to be selling bitcoins but I feel ya.. I personally quit all the alt coins a long while ago.. other than btc and maaaayyybe eth, I think we're too far from established to even think about it but I still have decent faith, specially after these small countries are embracing the cryptocurrency.
First time watching your video, just susbcribed, keep it up my man.
So if everyone that has USD would go to the banks and ask to withdraw all their USD the banks would have that? lol… Also what is USD backed by? When government prints more money, how is that backed up? The value of everyone else's dollar just goes down…
Tether is a necessary tool to torch normies.
CRYPTO DON'T "PRINT"😂😂😂😂😂
Thx please sell guys so i can buy your coins cheap
And I`m not selling my Bitcoin…..E-V-E-R….
Is this satire ?
Greed and Fear are the two main motivators in trading.
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You not understand about Crypto, what was you talked about not happen. You need learn more about Crypto.