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Reddit Posts

r/CryptoMoonShotsSee Post

Airdrop - $700 per account

r/CryptoMoonShotsSee Post

Free EOS Tokens: $3 Million Giveaway - Act Before 01.31.2024!

r/CryptoMoonShotsSee Post

New Crypto Method - How i made $400 in a day

r/CryptoMoonShotsSee Post

New Crypto Method - How i made $400 in a day

r/CryptoMoonShotsSee Post

Free EOS Tokens: $3 Million Giveaway - Act Before 01.31.2024!

r/CryptoMoonShotsSee Post

Free EOS Tokens: $3 Million Giveaway - Act Before 01.31.2024!

r/SatoshiStreetBetsSee Post

Airdrop - $700 per account

r/CryptoMoonShotsSee Post

Crypto Method - $300 per day

r/CryptoMarketsSee Post

METHOD STAKING EOS $1000 PER WEEK

r/CryptoMoonShotsSee Post

How to earn in arbitrage - 10% per day

r/CryptoMoonShotsSee Post

How to earn in arbitrage - 10% per day

r/CryptoMoonShotsSee Post

How to make 100$ a day on EOS

r/SatoshiStreetBetsSee Post

1000$ per week on arbitrage from EOS

r/SatoshiStreetBetsSee Post

1000$ per week on arbitrage from EOS

r/CryptoMarketsSee Post

METHOD STAKING - 10% Rewards

r/CryptoMarketsSee Post

P2P TRADING $200 per day

r/CryptoMarketsSee Post

METHOD TRADING $200 per day

r/CryptoMarketsSee Post

P2P TRADING METHOD $per day

r/CryptoMarketsSee Post

EOS Staking - 10% Rewards

r/CryptoMarketsSee Post

EOS Staking - 10% Rewards

r/CryptoMarketsSee Post

P2P METHOD - $200 per day

r/CryptoMarketsSee Post

10% EOS Staking

r/CryptoMarketsSee Post

Trading Method $200 per day

r/CryptoMarketsSee Post

P2P Method $200 per day

r/CryptoMarketsSee Post

P2P Method - 200$+ per day

r/CryptoMarketsSee Post

P2P Method 200$+ per day

r/CryptoMarketsSee Post

Staking method - 10% per day

r/CryptoMarketsSee Post

10% per day - EOS strategy

r/CryptoMarketsSee Post

Steaking - 15% per day

r/CryptoMarketsSee Post

EOS Staking - 10% Rewards

r/CryptoMarketsSee Post

EOS Staking Reward - 10% per day

r/CryptoMarketsSee Post

Staking Reward - 10% per day

r/CryptoMarketsSee Post

EOS Staking Reward - 10% per day

r/CryptoCurrencySee Post

Report: State of L1s Q3 2023

r/CryptoMoonShotsSee Post

Morpheus.Network's Journey Towards Real-world Adoption

r/CryptoMoonShotsSee Post

This is Why Morpheus Network rallied 50% in the last few months.

r/CryptoCurrencySee Post

Beware of Scam - EOS Arbitrage 15%/ Arbitrage 15% a Day etc. etc..

r/CryptoMarketsSee Post

Trading $1000 per week

r/CryptoMarketsSee Post

Trading 1000 % per day

r/CryptoMoonShotsSee Post

EOS Trading - 15-30% per day

r/CryptoMoonShotsSee Post

EOS Trading - 15-30% per day

r/CryptoMoonShotsSee Post

EOS Trading - 15-30% per day

r/CryptoMoonShotsSee Post

USDT Arbitrage - 15-30% per day

r/CryptoMoonShotsSee Post

USDT Arbitrage - 15-30% per day

r/CryptoMarketsSee Post

USDT Arbitrage - 15-30% per day

r/CryptoMarketsSee Post

The EOS EVM v0.6.0 Is Now Live On EOS Mainnet

r/CryptoMoonShotsSee Post

P2P - 300$+ per day

r/CryptoCurrencySee Post

Why not every Altcoin will Perform the same as the last Bullrun.

r/CryptoMarketsSee Post

P2P Trading - 5 - 15% per day

r/CryptoCurrencySee Post

A billion-dollar rollercoaster ride from 2017 called ICO mania

r/CryptoCurrencySee Post

EOS Trading - 5 - 15% per day

r/CryptoMoonShotsSee Post

Mexc method - 5-15% per day

r/CryptoMoonShotsSee Post

EOS Trading - 5 - 15% per day

r/CryptoCurrencySee Post

EOS Trading - 5 - 15% per day

r/CryptoCurrencySee Post

EOS Trading - 5 - 15% per day

r/CryptoMoonShotsSee Post

EOS Trading - 5 - 15% per day

r/CryptoMoonShotsSee Post

Crypto Arbitrage method - 15% per day

r/CryptoMoonShotsSee Post

EOS Trading - 5-15% per day

r/CryptoMarketsSee Post

Crypto Arbitrage method - 15% per day

r/CryptoCurrencySee Post

A.I Powerd news analyst - Satoshi AI-moto - [NO MOONS] [SERIOUS]

r/CryptoCurrencySee Post

Crypto arbitrage - EOS

r/CryptoCurrencySee Post

Crypto arbitrage - EOS

r/CryptoMoonShotsSee Post

15-30% per day - EOS Coin Abuse

r/CryptoMoonShotsSee Post

Crypto method - 15-30% per day

r/CryptoMarketsSee Post

EOS Token Gets Green Light for Trading Against Yen in Japan

r/CryptoCurrencySee Post

EOS secures regulatory approval in Japan, will trade against yen

r/CryptoMarketsSee Post

MEXC method - 15-30% per day

r/CryptoMarketsSee Post

MEXC crypto arbitrage method - 15-30% per day

r/CryptoMarketsSee Post

MEXC crypto arbitrage - 0.25% spread - 10 minutes

r/CryptoMoonShotsSee Post

MEXC crypto arbitrage method - 15-30% per day

r/CryptoCurrencySee Post

After 6 years in crypto, my only consistent regret has been not buying more BTC & ETH when prices were lower.

r/CryptoMarketsSee Post

MEXC crypto arbitrage method - 15-30% per day

r/CryptoMoonShotsSee Post

MEXC crypto arbitrage method - 15-30% per day

r/CryptoCurrencySee Post

EOS Foundation urges creditors to reject $22M Block.one settlement

r/CryptoCurrencySee Post

Forgotten Projects - Old Crypto Investors Remembers #5

r/CryptoCurrencySee Post

Discussion On Which Of The Following Coins Won't Survive The Next Decade?

r/CryptoCurrencySee Post

Exactly 13 years ago, when BTC was at around 7 cents, Satoshi said: ''If you don't believe me or don't get it, I don't have time to try to convince you, sorry''

r/CryptoCurrencySee Post

TLDR: Major Crypto News This Week🚨

r/CryptoMarketsSee Post

EOS Network Foundation Files Lawsuit Against Block.one

r/CryptoCurrencySee Post

EOS Network Foundation preparing to sue Block.one over unfulfilled $1B investment promise

r/CryptoCurrencySee Post

EOS Foundation to sue Block.one on failure to honor $1B commitment

r/CryptoCurrencySee Post

What Makes Meme Coins Explode in Popularity and Will it Happen to Moons?

r/CryptoCurrencySee Post

Help me Understand Telos Blockchain

r/CryptoCurrencySee Post

#bitget

r/SatoshiStreetBetsSee Post

Banano yellow paper

r/CryptoCurrencySee Post

Shiba Inu

r/CryptoCurrencySee Post

New BlockOne Class Action Settlement?

r/CryptoCurrencySee Post

EOS Price Prediction: EOS Price Bounces Off $0.62 level

r/CryptoCurrencySee Post

How building in web3 feels

r/CryptoCurrencySee Post

Bagging Bargains and Timing the Crypto Abyss: DCA to Maximize Profits?

r/CryptoCurrencySee Post

Future of blockchain gaming = NFT usage cross-blockchain!

r/CryptoCurrencySee Post

here are the Top 10 of Crypto since 2014, what will be top10 2024 for you ?

r/CryptoCurrencySee Post

There can be no panic where there is no greed. Be nice to scared newcomers 🙂

r/CryptoCurrencySee Post

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

r/CryptoCurrencySee Post

Top 10 Cryptocurrencies by Market Cap 5 Years ago vs Today

r/CryptoCurrencySee Post

Legal Battle Brews: EOS Network vs. Block.one Over $1B Investment Commitment

r/CryptoCurrencySee Post

The software security argument why Ledger Recover is a security risk

r/CryptoCurrencySee Post

Proof of Stake vs Delegated PoS

r/CryptoCurrencySee Post

The software security and scientific argument why Ledger Recover is a security risk

r/CryptoCurrencySee Post

Crypto projects with real use cases

Mentions

EOS. Shitcoins are more for the devs than they are for the world.

Mentions:#EOS

Typical beginner FOMO. XRP, EOS, NEO Fudge hype, shills, fanboys, "to the moon", "This will replace BTC/ETH" etc.

Again, said by every Ethereum killer. We'll see. EOS uses c++ as their smart contract language, was supposed to be a real killer feature.

Mentions:#EOS

After the Tezos drama, TLOS is the more interesting next-gen EOS with a better governance model to boot. If you like Solana for the low fees and fast confirmation times, Tezos is an even better experience.

Mentions:#TLOS#EOS

Is it redundant to say EOS?

Mentions:#EOS

Yeah most btc maxis will rip your eyes out if you mention a different coin ,its like being a flat head screwdriver maximilist who refuses to touch a phillips ,different tools different jobs .Btc is great it did a 16million X since its launch but was outperformed by everything in the last bull run ,sorry thats the truth ,except EOS did worse I think.Btc is a great store of value ,wasn't designed to be ,it was supposwd to be peer to peer cash like it said on the whitepaper failed at that, so then it was going to be programmable money ,another fail and then a store of value ,digital gold a great sucess.... I think of it as gold and ETH as oil ,you can use it for things ,of course Eth isnt perfect ,the gas fees are as high as btc and render it useless, Ive been using pulsechain which is a fork of eth (you can bridge coins back and forth) for cents and it's faster and way cheaper ,if the next bull is fulled with defi it'll be on a chain thats proven and cheap , eth is proven but not cheap and pulsechain is both proven (as it it basically tweeked eth) and cheap ... so watch all the hate I get for saying this because people in btc seem to think that any talk of anything is going to somehow hurt their bag .... btc will probably hit 150,000 soon ,so what that's a 3x ...you missed the other 16million x ,you are not early ... if you want life changing gains you'll get them on a coin's first bull run not it' 4th ...although I do think this will be btc's last parabolic run it'll flatten out as too much economic energy becomes needed

Mentions:#EOS#ETH

Cough, cough... EOS!

Mentions:#EOS

How many cycles did EOS thrive? Solana is not the same as EOS

Mentions:#EOS

Wow a 3x in crypto ,hope it isn't out performed by EVERYTHING (except EOS) like the last cycle .... fingers crossed

Mentions:#EOS

Were you around in 2017? EOS was vaporware from day one. Anyone with a pulse was laughing at the multiple fundraising rounds. It was between this and Verge for dumbest project. Meanwhile Solana is one of the most used chains, and new market entrants are heading straight to the SOL memecoin casino. Solana trades above a thousand next year and you’ll miss it because you have some weird agenda. You’re making shit personal that shouldn’t be.

Mentions:#EOS#SOL

Ok. EOS bagholders were saying the exact same thing. Happy now?

Mentions:#EOS

I've not followed the crypto scene for years but today I saw an article about bitcoin, decided to have a peek and see how things are going. I remember a coin called EOS that was meant to be the next big thing, the ethereum killer they said. I think it was ranked 5th or something at one point. Checked the price just now, 78 cents ranked 84th LOL.

Mentions:#EOS

In general, people would do better to invest in new coins instead of old stale ones. NEO or EOS anyone? No, dont think so. Same goes for ADA, etc other stale garbage from 2021 bull run.

Mentions:#NEO#EOS#ADA

SOL is nothing like EOS other than it competes with Ethereum. EOS never had the largest DEX in defi. EOS was dead the day it launched. Solana is in it's second cycle and still a top 10 defi ecosystem by all metrics.

Mentions:#SOL#EOS#DEX

Yep, many of these SOL enthusiast was most likely not around for the EOS hype in 2017, and subsequent fall into obscurity.

Mentions:#SOL#EOS

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Mentions:#USDT#EOS#OMG

Iota, EOS, Qtum, Dash, Nem, Neo, Bitcoin Cash They were even all in the top 20 in 2017

Mentions:#EOS

Was looking for EOS on here. It’s not doing well at all. I always thought it was solid.

Mentions:#EOS

Oh I remember helping you with private keys yesterday… so you must be somewhat new. Many BTC maxis were not BTC maxis once upon a time. I invested in all sorts of shit in 2017. Over time you realize that if you aren’t careful about your information sources then most of what you read is coming from venture capital marketing or people simply shilling their bag. Honestly it’s hard to nail down a single resource on this. It comes down to watching the actions of some of the most poorly behaved projects (like IOTA or EOS) where the value extraction from investors to dev team becomes most prominent. Combine that with the vast ecosystem of products being built in layers on bitcoin and the potential explosion of it in countries like Africa that don’t have banking services and it starts to become obvious that most of the other shit is just cool tech that was built to be sold or built to hide massive Ponzi schemes like the crazy DeFi projects we saw in 2021. If you don’t understand why so BTC maxis exist and they have been in the space significantly longer than you then you need to do your own research to understand what you might be missing. All of that said, I wouldn’t fully consider myself a maxi, there is some good development happening on other chains. I’m skeptical of proof of stake. I think and hope that things like zk roll ups will eventually be adopted by Bitcoin, but there are certain things that other chains do better. Regardless, 99% of what’s out there and especially stuff that has been created in the last 5-8 years is mostly just a money grab in the sense that they should just be building their tech on an existing chain or token. Fragmentation is bad for security, decentralization, and network effects. It is convenient for scaling, which is why so many people play the fee/slow card to try to get you to buy their shitcoin that would by necessity less decentralized or show a problem if it faced the same strain as BTC. Instead of resources I recommend researching the following topics: - POW vs POS and trade-offs - why are bitcoin blockchain times slow? - understand why bitcoin software development is slow - not an experimental project, but a production system that must prioritize security and decentralization over experimentation - Luna/Three Arrows Capitol - the ICO craze (Block.One and Dan Larimer as an example) - why Bitcoin (and ethereum) has optimized for building in layers as opposed to scaling on L1 - Bitcoin wallet security (like multisig) and the challenges of added complexity (see ledger wallet connect hack - General macro understanding of money - Listen to Lyn Alden on podcasts or read her book “Broken Money” - why having a neutral reserve currency is a game changer for developing countries (read Alex Gladstein) - if you have concerns about POW energy usage then learn more about how grids work, when the carbon is being produced, read about off-grid mining, and understand what costs are going to influence the mining dynamic into the future - understand the limitations and possibilities of scaling with thing like e-cash, lightning, or side-chains (if they are ever enabled) I think if you genuinely start to understand all of those topics then the dismissal of shitcoins from people like me will make a lot more sense.

Mentions:#BTC#IOTA#EOS

Yeah, I found it strange myself. EOS with Dan and that Mighty Ducks kid literally raised billions of dollars from people and created absolutely nothing... talk about shady.

Mentions:#EOS

Yeah, the volume was really low at first but as soon as it picked up we got confirmation that the overall landscape is bullish. There is a quote in the article from Zack Gall, co-founder and CCO of EOS where he says that in just one year we are having possible rate cuts, an election year, and macroeconomic factors that are mega bullish for Bitcoin. This is like a perfect storm and the ETF listings are just one of many catalysts.

Mentions:#CCO#EOS#ETF

No problem. CHEX is still very under the radar so the options to buy at the moment are somewhat limited: Exchanges * Bitfinex (CHEX/USD) * Bitmart (CHEX/BTC) Defi * Uniswap (CHEX/ETH) * Defibox (CHEX/EOS) * Newdex (CHEX/EOS) CHEX is multi-chain and most liquidity left EOS via a manual bridge to ETH late last year but an automatic bridge will be opened in about a week. There are plans to expand this bridge for liquidity into Solana and BNB Chain as well. A KuCoin listing is also in the works but no exact timeline on this.

It's a retrodrop from the EOS blockchain

Mentions:#EOS

I don't doubt Radix it's smooth. But how concentrated is the validator set? NEO and EOS are smooth, too. No one's using them and the networks aren't congested. There's a reason why EOS, NEO, and the other 2017 failed ICOs don't exist anymore. There's a reason why ETH L2s are VIBRANT, thriving, and liquid.

Mentions:#NEO#EOS#ETH

Will go up in flames. Previously EOS was the supposed Ethereum killer, and before that was Waves and Lisk. Every few years there's a hypecoin that makes a huge following, just to either die in big implosion or slow death, forgotten by everyone

Mentions:#EOS

Good stuff mate! Cool to see how a Docker issue sparked the creation of a web IDE for EOS smart contracts.

Mentions:#EOS

tldr; Nathan James, unable to run Docker on his Windows machine for EOS smart contract development, created a Blockchain Web IDE to compile contracts without the hassle of using Ubuntu. He started with a simple JavaScript Express.js project and evolved it into a full-fledged IDE with features like file management, search, compile, deploy, and test functions, using Monaco Editor for the interface. The project, which took 30-40 hours to complete, aims to simplify the smart contract development process and is now available for use. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#EOS#DYOR

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Mentions:#USDT#EOS#OMG

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

SOL still looks to have a future at this point but ADA is more or less dead money. That's not to say it won't experience some dead cat bounces here and there but it's this cycle's EOS.

Mentions:#SOL#ADA#EOS

Bro I'm sorry but the truth is XRP has always been equivalent to a low quality joke. During the 2016-2018 time; EOS, XRP, BCC etc were all coins I learned to avoid. I always thought XLM was superior to xrp anyway.

Mentions:#XRP#EOS#XLM

i keep telling my mate this who had £30k of EOS which is now worth nothing. He's held since 2018. Thinks it will come back.

Mentions:#EOS

I thought HBAR was flipping ETH. Along with EOS and Oyster Pearl.

Mentions:#HBAR#ETH#EOS

I agree, dunno what happened to EOS t’was one of the behemoths that was expected to stay in the top 15 in 2016

Mentions:#EOS

I think it will go up, but that's discounting the addition of new coins. Where did SEI come from? There will be more like SEI that come in and spread out the gains. If no new cryptos were going to come in for this bull run I would agree, but we have new networks coming out as well. If ICP why not EOS? Technically EOS should should be cranking, but it's a dead fish. I think people are just about done with these coins. They might do a 2 - 3x, but 10x? I don't know.

Mentions:#SEI#ICP#EOS

**Your submission has been removed because at least 1 submission with the same title has posted on the subreddit recently.** **OP:** vigorous_observer **Date:** 2024-01-27 10:07:51 **Duplicates:** N | User | Date | Posted... | Similarity | Title :-:|:-:|:-:|:-:|:-:|:-:|:-:|:-: 0 | [/u/vigorous_observer](https://www.reddit.com/user/vigorous_observer) | 2024-01-26 15:20:01 | 18 hour(s) before| [100%](https://https://www.reddit.com/r/CryptoMoonShots/comments/1abkqb4/free_eos_tokens_3_million_giveaway_act_before/) | [Free EOS Tokens: $3 Million Giveaway - Act Before 01.31.2024!](https://redd.it/1abkqb4) I am a bot. If you believe this was sent in error, [please message the subreddit moderators here](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoMoonShots&subject=My+post+has+been+wrongfully+removed&message=My%20post%20has%20been%20wrongfully%20removed%20by%20your%20repost%20bot,%20/u/DuplicateDestroyer. Here%20is%20a%20link%20to%20my%20post : https://redd.it/1ac7oqe). **Do not delete your post or moderators won't be able to review it.**

Mentions:#OP#EOS

I tend to share your view. 1. For crypto volatility is kind of the point. 2. You have to prepare for non-stationarity. The past does not necessarily predict the future. The fact that things are non-stationary doesn't mean you can't do anything about it. The way your rebalance, or drawdown control can both help with that. If you look at the [guide](https://docs.golucid.io/static/pdf/lucid_handbook.pdf) I wrote, the examples that include EOS speak to that. Something with different layers of rebalancing (along the lines of the architecture below) can help with persistent losses by not systematically rebalancing back into non-performing assets. ​ I keep coming to EOS because in 2018, it's a project that I thought had some interesting ideas and a really strong team. I guess execution failed somewhere along the way.

Mentions:#EOS

Go to the spot market, and search for EOS coin. You can also send transactions to another account, but it is better to use one account to optimize your time

Mentions:#EOS

I have already registered on the exchange, but I can not find where to buy EOS, please tell me. And do I need to send coins to another account or to myself?

Mentions:#EOS

Go to the spot market, and search for EOS coin. You can also send transactions to another account, but it is better to use one account to optimize your time

Mentions:#EOS

I have already registered on the exchange, but I can not find where to buy EOS, please tell me. And do I need to send coins to another account or to myself?

Mentions:#EOS

**Your submission has been removed because at least 1 submission with the same title has posted on the subreddit recently.** **OP:** vigorous_observer **Date:** 2024-01-26 15:27:33 **Duplicates:** N | User | Date | Posted... | Similarity | Title :-:|:-:|:-:|:-:|:-:|:-:|:-:|:-: 0 | [/u/vigorous_observer](https://www.reddit.com/user/vigorous_observer) | 2024-01-26 15:20:01 | 7 minute(s) before| [100%](https://https://www.reddit.com/r/CryptoMoonShots/comments/1abkqb4/free_eos_tokens_3_million_giveaway_act_before/) | [Free EOS Tokens: $3 Million Giveaway - Act Before 01.31.2024!](https://redd.it/1abkqb4) I am a bot. If you believe this was sent in error, [please message the subreddit moderators here](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoMoonShots&subject=My+post+has+been+wrongfully+removed&message=My%20post%20has%20been%20wrongfully%20removed%20by%20your%20repost%20bot,%20/u/DuplicateDestroyer. Here%20is%20a%20link%20to%20my%20post : https://redd.it/1abkwdo). **Do not delete your post or moderators won't be able to review it.**

Mentions:#OP#EOS

Thanks for asking questions I can have plausible answers to. Baseline: regular rebalancing is useful for all assets, otherwise you don’t really compound better. For crypto, what’s interesting is that because the drawdowns can be so deep, even a modest safe exposure – like 20% – will help you compound better. For instance, if you get an 80% drawdown, this means you basically double the scale of your reentry. On the frequency of rebalancing: more frequent is not always your friend. There is a sweet spot. I tend to prefer rebalancing on a yearly basis (you can still do it a little bit every day, DCA style, by having 365 mini portfolios that rebalance on different days). The reason is that markets are more trendy than they should be ([it’s this point](https://docs.golucid.io/learn/risk_management/#large-drawdowns-are-very-rare-in--an-efficient-market)). Yearly rebalancing gives your portfolio more time to capitalize on the trends. On how to choose weights. Once again, treat my views as very subjective opinions. I’m surrounded by people who think I’m foolish. Still, I’ve persuaded myself that a mix of theory and pragmatism could provide a reasonable basis for decision-making, even though the data is short, and everything is non-stationary anyway. Ignoring correlations, the growth maximizing portfolio will have weights on each asset roughly proportional to Asset Sharpe Ratio / Asset Volatility Here are the numbers for the S&P 500, medium term treasury bonds, and BTC: ​ Let’s pretend all these assets have the same Sharpe in the long run (Sharpe estimators are unavoidably imprecise in the short run, even if the world is stationary) Plug in a volatility of 18% for equity and 72% for Bitcoin, you get that equity should have 4 times the weight of bitcoin. So your cocktail would start with 5 parts equity, and part 1 Bitcoin. For an overall portfolio, I’d add medium term bonds like IEF rather than cash (interest rates might go down), maybe respecting a 60/40 ratio with your risk-on assets. That leaves me with 5 parts equity, 1 part crypto, 4 parts bonds. So as a benchmark roughly a 10% crypto allocation, 55% equity, 45% bonds. Starting from that benchmark, I would modify the allocation to accommodate more subjective views (that’s basically the Black-Litterman approach), adding + or - 5/10 percentage points here and there. One thing that I find persuasive is to segregate the crypto part of my portfolio, do an 80/20 rebalancing within that bucket on a semester or yearly basis, and then rebalance with the rest of my portfolio more slowly, maybe over a 2 to 5 year period. There are two reasons this makes sense to me: * I don’t put zero probability that even the big cryptocurrencies could have a prolonged bear. There is a limit to how much I want to continue rebalancing into an underperforming asset. I always keep EOS in mind. * On the upside, the crypto bucket might end up bigger than the initial targets, but I’m also getting more comfortable with risk as my assets grow. I hope this made sense.

Mentions:#DCA#BTC#EOS

Hi! Many good questions. You should be able to see descriptions of the portfolio indices we currently maintain at [https://docs.golucid.io/portfolios/](https://docs.golucid.io/portfolios/) This includes performance metrics. On working with us. First, we don’t charge for access. There is no step of account creation that requires a payment method. So at the very least you can treat us as information. We provide a rebalancing bot that can track indices but we don’t charge for it. We have it because in our own experience, it’s very hard to actually implement risk management unless it’s automated. For me, either I stop paying attention for weeks on end, or I end up second guessing. There are sort of real reasons why sticking with risk-management is psychologically hard: over the short-term [it always causes regret](https://docs.golucid.io/learn/scenarios/). But fundamentally, while we think we do a good job of risk-management and portfolio construction we know we don’t have a comparative advantage in execution (we currently do simple TWAPs into the market). I suspect that if we had a choice, we’d prefer to be in the indexing business and let someone better than us take care of execution and distribution. On the substantive side. I like regular rebalancing with 80/20 weights. The [guide](https://docs.golucid.io/static/pdf/lucid_handbook.pdf) I wrote discusses how we structure regular rebalancing so that you don’t keep rebalancing into an asset that’s persistently underperforming. The example I have in mind is EOS, it looked good in 2017-2018, but you really didn't want to keep rebalancing into it. If you have the discipline, this is totally doable on your own. Maybe check our indices as benchmarks/. The [drawdown control](https://docs.golucid.io/learn/drawdowns/) work we do has had a lot more value added in historical data, but it's arguably a little less transparent. You kind of have to trust it (happy to get into it, just ask). Those indices will be a little harder to replicate on your own, though simple trend extraction (like crossing moving averages) offers a pretty reasonable approximation. Implementing something like that makes a real difference in the way your assets grow over time because losses weigh larger than gains for compounding: it’s the 120% \* 80% = 96% problem. So those indices I think actually add quite a bit of value. Does this make sense? The tax thing matters. Risk-management that changes portfolio weights causes taxable events and doing risk-management inside a tax-free account is just much better. I tend to think that putting high risk/high reward parts of your portfolio in tax-free accounts makes sense, but people have expressed some legitimate reservations. Logistically, in the US, it’s not too hard to setup self-managed IRAs that can hold accounts at your favorite crypto exchange. Crypto ETFs will make this even more seamless. Setting up a bot replicating our indices at Interactive Brokers or Alpaca is not difficult. Let me know if this makes sense, or if something could use some more clarity.

Mentions:#EOS

> Im talking about dex volume Based on the sources I've provided above do you honestly think it's real? > It's all about hype and narrative. In the short run that's true, but I've been here long enough to watch hype cycles for NEO, EOS, LUNA etc. That doesn't interest me at all.

Mentions:#NEO#EOS#LUNA

SOL SOL SOL at least people mention it, no one mentions the like of CRO or NEO or EOS better hated than irrelevant

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Mentions:#USDT#EOS#OMG

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

r/BitcoinSee Comment

*Laughs in EOS premine dumped on bag holders so Block One can purchase 140,000 BTC all while publicly shitting on bitcoin.*

Mentions:#EOS#BTC

Look at Nanos all time charts ($30 2018, $10 2022). Meanwhile bitcoins price is actually growing over time. In results, all shitcoins LOSE satoshi value over time. In 2017 Raiblocks actually was popular like Solana is today. The whales dumped on nornies and moved on to creating newer scams. Ultimate, they all dump their shitcoins and take profits to obtain MORE BTC .. not xrp, nano, doge, solana, etc. In 2019, EOS was the next big thing. The EOS bag holders sound like XRP and nano bag holders - clueless and lost in the sauce.

Mentions:#BTC#EOS#XRP

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Mentions:#USDT#EOS#OMG

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

EOS in the house. or maybe on the sidewalk.

Mentions:#EOS

The irony of a post calling out baseless narratives, while it repeats itself a baseless narrative that has already been debunked. I forgot what was the number, but somebody did the math of the number of coins that don't make it per cycle, and was nowhere close to 90%. In fact, they proved that the numbers actually show that the majority of alt coins do make it and stick around. Just look for yourself, most of the same alt coins are still around. Even the ones like Tron, SHIB, EOS, XRP, BCH, Doge, etc... that everyone said wouldn't be around in this cycle, are still around. They're all in the top 100, and most of them are still in the top 20. Even coins like ETC that had 51% attacks, are still to this day in the top 50. Most of these coins made it past more than 1 cycle. So much for the "99.9% of coins doesn't \[sic\] make it per cycle". It looks like incredibly, even Luna might resurrect and make it back in this next cycle lol.

This is the exact thing everyone has said over and over since 2018 about Cardano. Luna and EOS had better “narratives.” They had the hype. The VC money was all in. I’ve seen many exciting narratives go wrong. And Charles has never talked about price since day one. It hasn’t stopped the project from continuing to build and stay alive. My investments in BTC, ETH and ADA are really boring for crypto. But they’re all in long term capital gains territory and they’re way less likely to collapse than SOL, TIA and SEI. I also don’t need a 20x a 50x. A less risky 5x does the trick.

Here’s what I’ve seen in this sub having hung out here steadily since 2018. This sub in 2018: EOS > Cardano. This sub in 2020: Terra Luna > Cardano This sub in 2024: Solana > Cardano These projects are brutally tribalistic. They particularly try to put down Cardano because it’s slow and been hovering around forever, without reaching some of the milestones they get to sooner. And to some extent they seem often to be right. These other projects also come in hot with a lot of money, often VC funds, and private investment, (EOS raised a billion dollars.) But then all of a sudden (in the case of EOS and Luna) everyone suddenly admits the projects were a mistake. And they shut up. I’m not saying Solana is going to collapse. It actually sounds like it’s poised to have an incredible run. But many of these same people touting Solana would have told you you were an absolute idiot to hold Cardano when you could invest in Luna. They’d have told you FTX was the best exchange. They’d have said Cardano wouldn’t survive either of the last two bull markets. And the fact is: all these loudmouths don’t know what they’re talking about however confident they sound.

Mentions:#EOS#VC#FTX

You know XRP once flipped ETH. And EOS, ADA, TRON, AVAX, SOL, BNB all claimed to be ETH killers. There is no next gen ETH because all these ghost chains do is to bloat state with big centralized servers.

It was also a Chinese pump and dump to replace EOS and it was successful but now they’ve moved on to other things.

Mentions:#EOS

EOS was the eth killer

Mentions:#EOS

Shares 3 Letters with EOS… that was also an ETH killer that was in the top 10.

Mentions:#EOS#ETH

The parents of EOS now own coindesk and that explains a lot😅

Mentions:#EOS

I expect BTC and ETH to push the entire market. Not sure about price, but 30% - 50% seems plausible. I hope many Polkadot crowdloans take place, along with quality new pre-sales. I got on my first pre-sale last year (Adeno token by Weaver Labs). I believe that some specific altcoins can more than double like FTM, DOT, and EOS. Pullbacks are part of the bull run, like bread and butter.

Here's one that hasn't been mentioned...EOS The amount of transactions that have been handled by the EOS blockchain for a mobile based "metaverse" game I play called Upland is over 227 million transactions logged. Everything done in the game is logged on the blockchain... User account registration, balances, NFT ownership, trades, rewards, etc. I've been playing casually for 2-3 years now, and I've never seen issues on the blockchain.

Mentions:#EOS

Still owns less than EOS I think lol

Mentions:#EOS

The NEO / EOS of this bull run.

Mentions:#NEO#EOS
r/CryptoCurrencySee Comment

Yup. I've seen this movie too many times. Ethereum is going to overtake Bitcoin!!! Luna/HEX/Ark/Stratis/Chiliz/Bitconnect/Neo/Ravencoin/Lisk/NEM/Tron/Stellar/VET/Tezos/EOS are going to overtake Ethereum!!! Most of them were pumped by the same people pumping Solana today.

Mentions:#HEX#VET#EOS
r/CryptoCurrencySee Comment

It's last cycles EOS from 2017. Provides nothing of value apart from hype. The only reason it's still around is because some people with influence still have bags.

Mentions:#EOS
r/CryptoCurrencySee Comment

EOS vibes

Mentions:#EOS
r/CryptoCurrencySee Comment

Good ole EOS days aye!

Mentions:#EOS
r/CryptoCurrencySee Comment

You forgot Tron and EOS in 2017.

Mentions:#EOS
r/CryptoCurrencySee Comment

Right? EOS was going to change the world! *snore

Mentions:#EOS
r/CryptoCurrencySee Comment

Just hold bitcoin Long term, gamble with shitcoins however you want. I remember when EOS was the new "eth killer"... yawn

Mentions:#EOS
r/CryptoCurrencySee Comment

NEO, XRP, ADA, EOS, NANO, SOL, and now SOL again. It’s the same BS narrative, cheap and fast. Yet Ethereum still stands and only gets stronger.

r/CryptoCurrencySee Comment

EOS. It shall be the resurrection of dead coins season.

Mentions:#EOS