RE: This is how Tether will collapse
Seriously - how is this idiotic theory working out for you ?? Stop parroting the lunacy of people like Bitfinexed and think for yourself. Do you know anyone who has purchase Tether directly from Tether INC ? No neither do i - do you know why ? Because it is the other exchanges that have to purchase Tether directly - so do you really think that Binance, Poloniex etc have not done their due diligence before sending real cash to the Tether bank accounts ? I can see the phone call now -
Hey Dude - been a fast day on the exchange today - can you hook me up with some more of that shit made up stuff you have ?? Yeah no problem i will send you over $50M USD for it - what you have a new bank account - shit man again ?? No worries - i trust you not to fuck this up for everyone - no need to show me anything to prove Tether has value - lets do this
You are an idiot