Peter Schiff Argues w/ Bitcoin Activists in Heated Debate

[kafirbaz12]

Peter Schiff Argues w/ Bitcoin Activists in Heated Debate





One the best debate I have seen! Let us have your opinion!

[DeVinci]

Hi kafirbaz12

thnx for the TITLE of he thread....

Any link to a video.....or something...?

[kafirbaz12]

Did not get your question very well DeVinci. But the video is in the post 1. Just push the play button or go here https://www.youtube.com/watch?v=Cuvpd0EwtHw

(12-22-2017 09:49 AM)DeVinci Wrote:  Hi kafirbaz12

thnx for the TITLE of he thread....

Any link to a video.....or something...?

[kafirbaz12]

Bitfinex and Tether Close New Accounts Registration, No Longer Accept New Users!

http://www.trustnodes.com/2017/12/21/bit...-new-users

[DeVinci]

(12-22-2017 10:10 AM)kafirbaz12 Wrote:  Bitfinex and Tether Close New Accounts Registration, No Longer Accept New Users!

http://www.trustnodes.com/2017/12/21/bit...-new-users

Thanx for this SCARY infos ( extracted from the link you gave ) :

".........In related news, Tether no longer accepts new users either, stating they are building a new platform following the November hack and until that is finished no new users are accepted:

“In light of the events of the past month, we are in the process of developing and building a new platform, and we will be slowly phasing out and discontinuing the current wallet services and all old addresses.

To prevent against possible loss of funds, users should not attempt to deposit any funds to their old wallet or deposit addresses. Additionally, while the new system is being built, we will be disabling new signups on the platform,” Tether says.

They further make it clear that US based customers can not redeem their Tether, raising questions as to what exactly was bought by American citizens when they, as Bitfinex generally claims, sent them dollars for Tether.

With one such American “citizen” being Tether’s biggest holder, Bittrex, which says they are “built and operated in the United States.” Tether doesn’t clarify whether this blanked ban applies to one of the biggest crypto-exchange, only briefly stating instead:

“Until we are able to migrate to the new platform, the purchase or sale of Tether will not be possible directly through tether.to.

For the time being, though, we invite you to use the services of any one of a dozen global exchanges to acquire or dispose of Tethers for either USD or other cryptocurrencies. Such exchanges and other qualified corporate customers can contact Tether directly to arrange for creation and redemption.

Sadly, however, we cannot create or redeem tether for any U.S.-based customers at this time.”

A statement which suggests they are closing shop for the time being until the new platform arrives, and yet they just issued another $50 million.
Unverified Tether Stats

The above unverified stats show that $1.2 billion Tether (USDT) was issued this year, compared to just $9 million in 2016.

Nearly half a billion of it was issued in December alone, with 800 million created in just two months, but the more interesting stat might be the direct issuance recipients.

There are apparently just five of them. And if that means what we think it means, that suggests there are only five individuals/accounts that have received more than a billion dollars.

*******************************

FISHY smell, or am i a lil' bit PARANOID ?

[kafirbaz12]

Excellent DeVinci! Excellent research

From the article: A justification that reminds us of MT Gox some four years ago calling themselves victims of their own success due to too many new accounts being created.

a forecast on the correction we are in ( A positive scenario!)

https://d.pr/YJ7PCR

(12-22-2017 12:42 PM)DeVinci Wrote:  

(12-22-2017 10:10 AM)kafirbaz12 Wrote:  Bitfinex and Tether Close New Accounts Registration, No Longer Accept New Users!

http://www.trustnodes.com/2017/12/21/bit...-new-users

Thanx for this SCARY infos ( extracted from the link you gave ) :

".........In related news, Tether no longer accepts new users either, stating they are building a new platform following the November hack and until that is finished no new users are accepted:

“In light of the events of the past month, we are in the process of developing and building a new platform, and we will be slowly phasing out and discontinuing the current wallet services and all old addresses.

To prevent against possible loss of funds, users should not attempt to deposit any funds to their old wallet or deposit addresses. Additionally, while the new system is being built, we will be disabling new signups on the platform,” Tether says.

They further make it clear that US based customers can not redeem their Tether, raising questions as to what exactly was bought by American citizens when they, as Bitfinex generally claims, sent them dollars for Tether.

With one such American “citizen” being Tether’s biggest holder, Bittrex, which says they are “built and operated in the United States.” Tether doesn’t clarify whether this blanked ban applies to one of the biggest crypto-exchange, only briefly stating instead:

“Until we are able to migrate to the new platform, the purchase or sale of Tether will not be possible directly through tether.to.

For the time being, though, we invite you to use the services of any one of a dozen global exchanges to acquire or dispose of Tethers for either USD or other cryptocurrencies. Such exchanges and other qualified corporate customers can contact Tether directly to arrange for creation and redemption.

Sadly, however, we cannot create or redeem tether for any U.S.-based customers at this time.”

A statement which suggests they are closing shop for the time being until the new platform arrives, and yet they just issued another $50 million.
Unverified Tether Stats

The above unverified stats show that $1.2 billion Tether (USDT) was issued this year, compared to just $9 million in 2016.

Nearly half a billion of it was issued in December alone, with 800 million created in just two months, but the more interesting stat might be the direct issuance recipients.

There are apparently just five of them. And if that means what we think it means, that suggests there are only five individuals/accounts that have received more than a billion dollars.

*******************************

FISHY smell, or am i a lil' bit PARANOID ?

[lalalas]

As kafirbaz12 says above this is does remind of MT Gox! MT Goz is one of the very reasons personally never jumped into bitcoin.
Does remind me anyhow alot of MT Gox!
Yes am myself very skeptical of botcoin itself.
Botcoin is made out to be very secure...and its NOT!
Botcoin is made out to be in "limited supply" again that's also not really the full story....

But yeah hey am a full confessed Skeptic of bitcoin.

---

Also it just screams the ol' "Pump and dump trick"
They are adding the feeling of scarcity.. ;
Not accepting new members on these platforms!

---

(12-22-2017 12:42 PM)DeVinci Wrote:  

(12-22-2017 10:10 AM)kafirbaz12 Wrote:  Bitfinex and Tether Close New Accounts Registration, No Longer Accept New Users!

http://www.trustnodes.com/2017/12/21/bit...-new-users

Thanx for this SCARY infos ( extracted from the link you gave ) :

".........In related news, Tether no longer accepts new users either, stating they are building a new platform following the November hack and until that is finished no new users are accepted:

“In light of the events of the past month, we are in the process of developing and building a new platform, and we will be slowly phasing out and discontinuing the current wallet services and all old addresses.

To prevent against possible loss of funds, users should not attempt to deposit any funds to their old wallet or deposit addresses. Additionally, while the new system is being built, we will be disabling new signups on the platform,” Tether says.

They further make it clear that US based customers can not redeem their Tether, raising questions as to what exactly was bought by American citizens when they, as Bitfinex generally claims, sent them dollars for Tether.

With one such American “citizen” being Tether’s biggest holder, Bittrex, which says they are “built and operated in the United States.” Tether doesn’t clarify whether this blanked ban applies to one of the biggest crypto-exchange, only briefly stating instead:

“Until we are able to migrate to the new platform, the purchase or sale of Tether will not be possible directly through tether.to.

For the time being, though, we invite you to use the services of any one of a dozen global exchanges to acquire or dispose of Tethers for either USD or other cryptocurrencies. Such exchanges and other qualified corporate customers can contact Tether directly to arrange for creation and redemption.

Sadly, however, we cannot create or redeem tether for any U.S.-based customers at this time.”

A statement which suggests they are closing shop for the time being until the new platform arrives, and yet they just issued another $50 million.
Unverified Tether Stats

The above unverified stats show that $1.2 billion Tether (USDT) was issued this year, compared to just $9 million in 2016.

Nearly half a billion of it was issued in December alone, with 800 million created in just two months, but the more interesting stat might be the direct issuance recipients.

There are apparently just five of them. And if that means what we think it means, that suggests there are only five individuals/accounts that have received more than a billion dollars.

*******************************

FISHY smell, or am i a lil' bit PARANOID ?

:D AGAIN very much a replay of MT GOX plus yeah added advantage of further fuel to the "scarcity" fire!
Two in one strike!

---

oopps kafirbaz12 and DeVinci!

[DeVinci]

Dear lalalas

Thnx for posting, it seems we are SO RARE Guys to be very Skeptical, and informed ( Mt GOX )....The vast majority is hypnotised by AMAZING and FAST % Profits, forgetting thhe BC is far from being 100% SECURE, and it has just been created from THIN AIR, by programmer / dev who have probably saved for them a vast quantity of 'tokens"...

Yeah, the "ole" Pump and Dump systeM....from all these Devs of Crypto-"converters" ( personally, i don't consider these as Currencies, BECAUSE one NEEDS existing KNOWN and ESTABLISHED Currencies to BUY them....)

Just hire an excellent Dev, get max infos about the usual PARAMS of a Crypto-Converter ( Ethereum / Monero for example , but there are hundreds of them already ), and CREATE YOUR OWN CURRENCY, with specific features which could make the difference, so, make your Zero Value TOKENS explode in VALUE with Naive Buyers

Sorry for this long and broring text, but i am tired of the TONS of Manipulators in the Financial domain.

Ciao, Guyz, and take care of ....Your money :)

[viratveer]

Thanks for this...

[Zajko]

I still don't understand WHY the heck is Bitcoin quantity "limited".
Because some mysterious Satoshi Nakamoto says so...?
Big deal: in couple of years, IF Bitcoin will still exist, somebody will say: Oh well, just create More bitcoins

- and all the rarity will go down to... (I am polite :-))