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Hyperinflation is real.
Pursuant to the above terms of Engagement, and the discretion provided by Tether, FSS selected the date of June 1st, 2018, and received the following balance information from Tether’s two banks as of the close of the banking day. FSS received the following confirmations from the respective banks by sworn and notarized statements provided by duly authorized personnel.
BANK 1: $1,968,538,584.82 USD (unencumbered)
BANK 2: $576,528,652.00 USD (unencumbered)
TOTAL: $2,545,067,236.82 USD
the amount of fully-backed USD Tethers in circulation as of June 1st, 2018 was equal to $2,538,090,823.52 USD Tethers.
Now, we are going to the Moon!
Basically seems 90% of FUD is from bankers and their institutions. Just trying to delay the inevitable. Nobody enjoys paying someone else to watch their hard earned money and be told when you can and cant use it etc. Remember when you actually went into a bank yeah that's gone now. Remember actually speaking to tellers yeah nobody does that anymore. It's like watching Sears fall apart to Amazon. Dont adapt you're gone with the wind. Bye bye greedy bankers nobody wants your shitty advice and horribly run systems anymore.
9 years later...
Bitcoin is unstoppable!
Now I am panic buying on margin in FOMO/YOLO mode.
To the Moon and beyond!
Read this quote and thought of bitcoin. Detractors have called Bitcoin slow, superficial, chaotic, and too nerdy and technical for mainstream adoption. The Bitcoin community has been called hostile. And the entire idea of decentralization labeled as a misadventure — a mere waste of time.
We shall see!
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.