Hittade en
intressant transkriberad intervju med bl a Tethers CTO Paolo. Det r en sn soppa. De erknner ju till och med att USDt 1:1 backning till viss del bestr av BTC
Citat:
Hoegner wont reveal what sort of assets are backing tethers. If its only partly cash, what part is cash? And what is the rest made up of? Tether has so far issued $24 billion worth of tethers, but it is not telling customers what is behind those tethersfor all we know, nothing but a lot of worthless assets.
Intervjuaren frgar hur Bitcoin hamnar i backing portfljen:
Citat:
Peter: No, it doesnt mean that. I just mean that if you have to manage your basket of assets and if bitcoin, was sayany investment you have to make, you have to make a decision. You could make a decision and say, look, we believe that bitcoin would be a good investment right now. And you could issue tethers to buy bitcoin.
Stuart: No, no, we dont issue tethers to buy bitcoin. We issue tethers to customers that want tethers.
Peter: So how does bitcoin end up within your basket?
Stuart: Well, as I said, if nothing else, bitcoin is there to pay for transactions on the Omni Layer.
Peter: No, no, but how does it get there? How does, whats the process of the bitcoin reaching your basket?
(This is a good question. If bitcoin is backing tethers, what is Tether using to buy those bitcoin with? Notice how Hoegner is being very careful not to say that they are buying BTC with tethers. Well, what else would they be buying them with? Why not hand tethers out to Tether customers in exchange for BTC? Or you could set up an account on Bitfinex, fund it with tethers, and use those to buy BTC from your own customers on the exchange.)
Stuart: Oh, Paolo, do you have any comments on that?
Paolo: Im not sure if the question is really clear. We talked about the fact that how we acquire the bitcoin that we need in order to fulfill the Omni Layer transactions.
(Ardoino is pretending like he doesnt understand the question.)
Stuart: So how do we get that bitcoin, Paolo?
Paolo: I would say that [there] are a good amount of bitcoin remaining from past acquisitions that we likely did in 2015, 2016. That with the fact that the Omni Layer is slowing a bit down compared to the other blockchains that we are supportingthe amount of bitcoins that we luckily got a really good price in 2015 and 16, is probably enough for perpetuity.
(Now he is saying that they happened to have a stash of BTC lying around from five or six years ago, and thats what they are using to back tethers. If Tether had a stash of bitcoin that large, it could have sold them long ago and taken care of the $850 million hole left when the money disappeared from its payment processor.)