Exposing Tether - Bitcoin's Biggest Secret
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- čas přidán 22. 05. 2024
- A short history of the world's most controversial cryptocurrency: Tether
Tether is a stablecoin cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Many people have accused Tether of being fraudulent, but until now, the story has been told in pieces. Today I'm trying to tell a comprehensive story of tether.
I hope you enjoy.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.
#tether #crypto #Bitcoin - Zábava
dude i’m scared of getting a speeding ticket. how the hell do people just commit multi-billion dollar fraud like it’s a career choice you learn about in high school? insane.
Step 1: Be a sociopath
@@rpfoxw Ok step 2??
Because they can?
@@gamercod3520 Step 2: start scamming as if there is no tomorrow.
Something wrong with their brains…. Or ducks
“Hey what happened to your auditor?”
“Oh we fired him because he was doing his job a bit *TOO* well.”
You know when they be firing there auditor that it’s all over.
"I have fired the horsecatcher"
You know I couldn’t care less if Tether blows up but the government or any real world bank just better not bail them out. That probably will happen seeing what happened in 2008…..
"because he wasn't in on it"
"He wouldn't take the bribes to half-ass his job"
As Peter Zeihan once said, "not all cryptocurrency is a scam, some of it is just a pyramid scheme."
Famous last words: "Crypto is decentralized, and free of the corruption of the central banking system"
People didn’t want it to be free of corruption, they just wanted to be the corrupt ones.
@@JamEngulfer Bingo! That is a universal truth
Anything can be corrupted, its just that with crypto, you're anonymous, and government cannot cover your ass and put any fraudster to jail and fet your money back
Free of oversight as well. I bet most of the dollars backing Tether are now in the personal bank accounts of the founders.
It looks like they were funneling a lot of cash into the Chinese real estate market through tether. Its estimated 1/3 of their 'commercial paper' was Evergrande bonds which are being defaulted on! This ponzi is propping up the chinese economy by a thread right now. WHen they go, everything else will follow shortly after. Shit is gonna get ugly fast!!!
Ah yes... Shroedinger's money reserves: the money is both there and not at the same time, and if you try to confirm, you become broke
Good one bro hahaha
That's not even how you spell it but I'm not gonna be a grammar nazi cus that's funny lmao
quantic money
Lmaooo
Men Id rather trust "Trust Me Bro" than these guys despite my Tethers
The robot saying “it’s cringe” was way funnier than it should be
Sticking to the "you're gonna need a lot more than one drink" bit throughout the intro, even deliberately botching the greeting *twice* was serious commitment to a joke
At least i wasn't the only one
I'm honestly amazed that a year later, Tether is still around especially after all those crypto exchanges going under..
Not only that, a year later the Tether in circulation are 66B so in that 1 year since the video was posted they issued another 4B Tether.
winters not over yet
@@klorell5319 If Tether is a scam, why aren't prosecutors looking into this? Will this just keep going?
So is it like good now?
@@Arvl. Nah, their moneyprinter is still at it
The gentleman in the red shirt blew my mind. His like a top journalist. Where did he pulled all that information?! Must have taken months to dig out. Great job!
THIS is the kind of journalism crypto needs more of. There's too many people uncritical of what's happening in the crypto space and it's just going to lead to more fraud.
That’s true, although I do admit the “China banned Bitcoin” FUD has definitely been overused since 2013, I wish sugarcoating that crypto is “going to the moon” would stop too
finally someone tackled tether, the brrrrrrrrrrr machine behind the last huge BTC rally
You have no idea about crypto. Stay poor, I like that.
@@sensational136 looool have fun being in a cult.
few will understand, right?
@@grutopsy How so?
"mOnEY iS tHeRe i cAn pRoMIsE yOu tHaT"
source: trust me bro
😹😹😹😹😹😹
@@neighborhoodcatlady6094 😻😻😻😻
thats the most stupid thing i hear some one say like ever!! lmao
I trust papa John more than all this criminal. Lol
@@philh8023 they always deliver quick haha
So basically Tether and Bitfinex were founded by a syndicate of every possible villain out there.
No, I think The Penguin steered clear of this one
@@jarrodbright5231 🤣
Bravo Coffeezilla. Bravo. From an OG who has been frustrated since 2017 trying to call out Tether. I'm glad an expose like this is finally coming out into mainstream social common knowledge.
Lol, the difference between tether and fed is?
@@rvahi Fed's scam is more known than Tether's scam
@@rvahi the army, the government oversight, the elections, US influence on the rest of the world, GDP, actual physical goods instead of just niche internet stuff. The list goes on. Is it perfect? Of course not. But it also isn't propping up the rest of the world's currency on it's back like tether and has much more real reason to be believed or forced into
Still not collapsing, lmfao. Missed the bottom, bobo.
@@mgtowveteran3234 A huge crypto company without an audited FS is still a red flag. Love how you switched to another language to mock this person. Either you're scared or being creative.
“We’re firing our auditor because he knows too much.”
Wut
Because he was asking too many questions. Which is worse. It’s like trying to buy a house and the owner saying “well I tried to get the house inspected but the inspector was inspecting too much.”
it's like being a food company and being like " we won't do a health inspection because the inspector is asking to much"
Not fishy at all
Stay safe brother. You’re shaking some huge tables and you’re a real journalist in my books. Stay safe ❤️
Tether Untethered
Real journalist is a massive complement and a hard find nowadays and I couldn't agree more
@@tangol8170 Aaron Maté. Glenn Greenwald. Chris Hedges. Matt Taibbi. A few others. They're out there, but they're few and far between. I know one thing, I wouldn't want to be on the wrong side of these shady Tether cats.
True 99% of “journalists” are pure and utter scum nowadays
Only replying to push this comment. :-)
"There's so much negativity" sounds like the fortune teller's excuse when put through an actual test and can't perform.
It’s literally the same vernacular people in MLMs use. “Quit looking at how scammy this business is, you don’t need to know details. Don’t be so negative!” Kinda scary.
They also both do the whole _"it doesn't work if you don't believe in it!"_ shtick, too.
This video isn't just an expose, it's art. Nice work!
100% art, this was posted a year ago, and tether is much stronger than before by 10%, why do you think that is?
@@xehP FTX also looked really strong until it collapsed in a single day. It's called fraud.
@@Miranox2 funny how he didn’t make a video on FTT 💀
It's an NFT 😆 🤣
@@xehP Why wouldnt they? Do you think that proves something?
I'm a teacher and I'm over here taking notes on how to create a comprehensive, understandable, and engaging presentation. Keep up the great work, financial literacy is huge.
I think I looked at what tether was recently. I was like what is it. because someone said you can get it to buy crypto. so I looked. and I think I found the same. that it was backed by "nothing" "debt lent out to people as a gurentee" but who where those lendies. "who ever they deemed safe to them" I was like umm no this doesn't seem very good
...so today i learned that my old english teacher watches coffeezilla
That's amazing! I bet your lectures/presentations have improved as a result! Must be a cool teacher to comment on a coffeezilla video
Coffeezilla is fantastic no doubt
When he said “money’s there, can promise you that.” Literally sounded like he was lying lmao. I love crypto but man this is not good.
But.... but we bank at the same bank
"Dollar's all there"
[x] DOUBT
In a foreign voice too, I watch too many movies to know that's the evil guy
"not good" ,love it. Me I am expressly avoiding the disaster coming soon.
Did he do the pinky promise ?
I've been on a 'To Catch A Predator' binge watch recently, and there are some STARK similarities between the statement of Bitfinex and Tether being owned by the same people to an excuse one of the predators made.
Right off the bat, he came in and said 'I'm here to meet Adriana... she's twenty-two.' Completely unprompted! Just blurts out 'SHE'S TWENTY TWO' because in his mind he has to insert that into the conversation somewhere because it's a flat-out lie and he has to get the truth covered up fast. That EXACT same cadence, the same hesitation, the same 'inserting something nobody goddamn asked about' happened in that statement.
'We're owned by the same people but we're not affiliated or anything like that... dollars are all there'.
DOLLARS ARE ALL THERE.
He just blurted that shit out immediately, unprompted, because he's LYING and needs to 'subtly' insert it into the conversation somewhere. Just like a predator blurting out 'she was twenty two' even though it makes no sense to bring that up right there and then.
No Jerry Griffith came to meet 22 she's adrianna years old!
"I've been on a To Catch a Predator" is a bad way to start a sentence
Hey have you watched any of Dave's Lemonade predator commentary videos? He goes through the chat logs and the raw footage in the sting house. Most of his predator commentary videos are on his second channel, Dave's Lemons.
Anyway I remember the interaction you referenced, it stuck with me too and you're spot on!
They just couldn't wait, they needed that info out, it was in the front of their mind as it was their prepared lie. So they just spit it out, unprompted, without realising that just draws more attention to their deception.
I'm not a body/speech analysis diehard, I think it's much less certain that some people think and everyone is different... But that just seems like such a enormous tell, something innocent people would not do.
Good catch (a predator) !
Funny you talk about predators because Collins Rector was heavily connected with Epstein, Epstein is all over crypto land.
Some Chinese ambassador to the UK was on BBC news an asked why his government was putting Uighur Muslims into concentration camps and his response was we're not sterilizing the Uighur Muslims.
Your channel is so freaking good. Your work is so thorough and everything is presented well. I'm glad CZcams finally recommended your channel to me
So true!
damn the whole board of the company looks like a criminal reunion
Mafia. That's the word you want.
From *redacted*
Because it is.
It's amazing that there is so much "confidence" in a currency that no one can "prove" is backed by anything tangible.
I like that comment but I won't "like" it because the number of likes feels just about right 😆
I’m gonna get out ahead of this and say Coffeezilla didn’t kill himself.
This is a necessary comment.
^^^
As long as he doesnt try to say the Clintons are involved....
Oh damn!!!!!!!!!! Real T
ill second this as a certified clairvoyant lol
Wait, Dan Friedberg from FTX was also part of the poker god mode scam, small world haha
Oh this is just too good. Part of the poker scam which he was found trying to cover up, then supervised FTX's collapse and fraud, now we know he's part of tether
It's a big club....
just a note: the crypto influencer talking about FUD had a top banner advertising blockFi. I'm curious if he was screaming FUD when it was suspected BlockFi was about to declare bankruptcy.
who?
a lot of crypto CZcamsrs go in depth as to why something is considered FUD, they don't make fancy scripted and edited videos, they analyse and explain certain trends etc. wake up.
@@xehP Ooof.
Imagine agreeing with someone and then insulting them. Don't be so dense, you've made SO many replies on this channel this week 😶
@@jeffbrownstain I've probably made like 5 comments lmao generic liar.
@@xehP I can see your comments on this channel and they range in the dozens, as can everyone else on youtube.
5 billion dollars in "assets" per employee. That says it all.
Man it's wild to see you here. I miss your videos and hope you're well!
@@murdey yeah
Yeah wtf haven’t seen Vexxed in forever!
From the old RuneScape days to North Korea
When’s the next vid coming out lol
I totally trust a multibillionaire company run by 13 scammers...
Are you referring to JP Morgan?
@@Brian-vs9sd do they have 13 employees?
The key words are run by.
@@Brian-vs9sd Sure, because a 13 guys scam operation is the same of a bank with 255,351 employees...
@@louisvuitton1859 That's what the video says: a total of 13 people run USDT.
watching these coffeezilla crypto episodes are extra enjoyable when you've never invested in any crypto and still have your money in your good ol bank.
...and you can rest assured that your accounts in your good ol' bank are just so rock-solid safe. Every dollar you've put there they've already lent out multiple times.
@@jimpollard9392 yeah but central banks are used by billions of people and are backed by governments and when they fail are bailed out by tax payers.. every crypto exchange ever has been a rug sir…
@@jimpollard9392 they’ve lent out every dollar yet he still has every dollar in his account. That’s how banks work.
LMAO, you never really stopped and thought about this comment. Good ol banks are centralized and leverage their own asset. Sounds like FTX right? But hey, that 0.6% savings interest is juicy and bullish.
@@kemc4985 Ohhhh-kay. Backed by governments. And you can rest assured that they'll always do what they say they'll do. And you, the small-fry retail depositor, will not get shafted in favor of the big guys. With your tax money. You gotta trust the government, right?
I mean, I take your point, but there'll come a day when you can't trust anyone. That day may be approaching, fast.
Who'd have thought a digital lottery pyramid scheme currency would attract so many ponzi scheme trading companies?
Tether wasn't supposed to be any of they. Tether was supposed to be a trusted place to (indirectly) transfer actual cash between people buying and selling crypto currencies. If Tether actually refuses withdrawals (rather than having small print allowing them to refuse withdrawals), it's as big a problem as if a large bank did the same.
Now the problem is that some shady people got involved, not that Tether was ever meant to be an inflated coupon.
Social media gives ponzi schemers a larger audience to prey on. Like has been stated, social media also contributes to a sense of FOMO, jealousy, and desperation, all in the hopes of getting rich quick. Social media isn't bad but bad people use it with bad intentions.
If someone started a business where they give you a token/coin/piece of paper that represents a dollar, the first thing I expect them to do is give more tokens than they have dollars, because that's always what happens.
If it's worth a dollar why not just use a dollar?
@@BeersAndBeatsPDX crypto to crypto transaction not crypto to fiat. None taxable till it’s USD so they made USDT
Like, gold standard all over again
@@BeersAndBeatsPDX it's like buying arcade tokens, they have their own unique use
Oldest trick in the book. Banks have been doing that with loan papers since at least the 1800s
Im a crypto trader, this is not FUD, this is real journalism. Thanks to bring awearness to the subject. I hope Tether turns out to be legit, because is conserning that the whole crypto market liquidity is sitting on this time bomb.
@Bignuke87 you're right, but the point is that it's the third largest crypto coin by market cap. What does that say about the rest of the market.
Do not forget, Bernie Madoff did his scams just prior to the 2008 market crash.
So what you're saying is, I should get in once Tether collapses?
hope this fucking annihilates the crypto market.
what measures are you taking to protect yourself?
@@buttsauceable I doubt it
Watching this after SBF was arrested. Crypto is real easy to commit fraud with seems like.
decentralized and unregulated.
The Super Best Friends were arrested? I thought they went their separate ways *years* ago.
Regulators failing as usual.
Just from what I'm seeing, crypto *is* fraud. Just straight-up. Been that way since the start.
Yes tether still stands… so far
Bro I don’t even trade, or have any knowledge of crypto currency whatsoever. I just found your channel to be similar to the guys who break the scam call centers in India, and I love it.
CNBC reporting it is opening criminal fraud case against Tether. Good work.
Here after the article.
The thing that made me distrustful is that if they actually just backed Tether with USD they wouldn't be able to finance their operations
Exactly - what is their business model
But why? Could you explain please? Why would not USD work?
@@onatkorucu842 because technically they would have zero revenue.
@@danxcanxcook But if they had a transaction fee then that would fund operations, like fiat currency exchanges do. So that element is not necessarily a red flag but yeah this company is seriously crooked
I believe at some point it would: at the point when there is a large enough sum of money that pays them interest when they are holding it at a bank. But it seems like they very much pump a lot more out of it than that...
This needs an update!
Why is that? Explain please.
@@Harris15000 because since this was made FTX just fell. FTX’s parent company Alemeda is the largest holder of USDT in the billions. If FTX didn’t have liquidity due to insolvency because it was sending everything over to Alemeda to “invest” then Alemeda’s holdings are owed to someone else at best… or (and more likely) gone….
The update is, he turned out to be wrong, by all indications
@@streetracer2321 how so?
@@Kill3rwasp it’s been over a year since the ‘exposé’ and Tether is still working fine
The shameless bravado and ego needed to be such a pos is astounding. Love your work Coffeezilla
Naw it takes not having empathy and being psychopath
This is damn scary. Having those type of characters behind tether is almost a guarantee something illegal is happening. Plus having a ceo saying I can’t show you but the money is there. I promise! That was chilling. Usually I try to keep it lite in the comments but there’s nothing to joke about in this piece. Good work Coffee. This type of information is priceless.
@crassgop that's my bank!
Well its kind of funny to me but then I keep my money in a coffee can buried in the back yard.
That type or those types. Singular, plural. Don't scramble them like eggs. That type of character or those types of characters. Buy a damned grammar book if you have to.
get out while you can
@@stefanfrankel8157 As a fellow nerd who gets triggered by grammar errors, I have to say, it was probably just a typo bruh.
This story is so crazy I thought Dan Lok was going to be involved somehow.
where's Brian Rose?.....I know....taken the piss
@@SKY-wt2pp he took it then drank it
This comment had me rolling
@@SKY-wt2pp did you donate?
@@eznosnopes5276 Urine too deep donating to him
Crypto "innovators:" The banking system is overcomplicated and corrupt. There needs to be an alternative in case it falls apart.
Also them: Let me become a caricature of the corruption and overcomplication of the banking sector, achieving peak brokenness in a fraction of the time, and do it all very publicly.
Really leaves someone like me - a sceptic of crypto and a doomer of the economy - in a tricky spot 😂
I really feel you. Embrace socialism my friend! I'm an anarchist (not the right wing libertarian kind) and pour my fear and doomer tendencies into local food banks, communal gardens, and other local projects. I know that I'm not changing the world but I strongly believe that big change comes from the ground up 💚
@@r-pupz7032 ew not socialism
@@r-pupz7032 Anarchy, Yes. Socialism, No.
@@aceone2156 they're one in the same, depending on who you ask.
@@r-pupz7032 You can't be an anarchist and a socialist at the same, the two are mutually exclusive. Socialism requires a central enforcement body to make people comply with it's rules. Anarchy is the absence of central enforcement bodies and rules. You kinda need to pick one or the other.
After FTX this looks nearly identical, even the owners say identical things like “it’s fine” like SBF did lol…
Is it me or has the quality of this video or just channel in general went up like crazy. So Netflix worthy..probably better! I knew pumping the $ZILLA stock would be worth it!
$ZILLA TO THE MOON!!!!
hes been on netflix!! only in the credits but it counts in my book
$ZILLA will pay my first born’s lambo!!!
I invested in $ZILLA before this vid. I guess im becoming a millionaire soon B)
Gotta respect the pump!
Production quality is out of the world 🔥🔥
So... thoughts?
So whats the thought junggy 🤓
Not really. He made this video at home, not in space.
Reminds me of Quinn's Ideas & Trollion
well, the intro is kinda weird (at least when not regularly watching his videos) and fluidly merges into the video (basically requiring linking with a timestamp), other than that, yes, totally amazing
Stories like this are the prime example of why I never have and never will invest in crypto.
I think it could've been a really good idea to invest in something like bitcoin years back before it became a trend, but at this point, trying to enter the crypto market means you're just begging to be scammed
There are scams everywhere I don't think your comment is relevant. Even the guy that made the video said he is holding crypto.
@@JahmmiOfficial it is relevant. Not to you, but to the person who made the comment.
@@JahmmiOfficial and even he said there a chance he might lose it all w/ everyone else
It needs regulation or else crypto won't work, period.
Stephen history is going to be very kind to you and you children and grand children will be proud of you. You have created a high standard and have won over a huge following and you now have earned the fear and respect of the Crypto dudes, KEEP up this important work and thank you sir
Damn coffee this is the type of info that gets people disappeared. Thank you
He and Jake Tran should start a youtube channel together
Nah , if he was talking about regular banks yeah
Which of the 13 guys is gonna do it lol
Doctor: sir, please turn your head and cough…
Phil Potter: THE MONEY IS THERE!!!!!
😂😂🤣😂🤣
Dollars are there *sad fraud noices*
🤣🤣🤣😭
In sad valley girl accent
Whenever someone says, trust me, the money's there, I just remember this little phrase: Being a man, I know the heart of man.
i.e. "Trust, but verify."
Tether is the biggest stable coin scam in the world. Buyer beware. Love the work Coffee keep it up 👍 from Crypto Gypsy 🔮🔮
Proving once again that you put more effort into your investigations than the SEC does into theirs.
The sec are there to stop the small and poor people from getting rich
Crypto isn't regulated if that's what you're implying
@Mcillsonn if U.S. govt wants to tax it then they better regulate it too
@Mcillsonn good luck regulating a decentralised concept
should be top comment!
That’s why I only buy and sell pet rocks. I can’t lose
This comment made me laugh much harder than I want to admit
@@joecool4656 same :)
I only trade blue axolotl in Minecraft
😆
I'm still sitting on all these tulip bulbs.
CRAZY TO TAKE A LOOK AT THIS A YEAR LATER AND NOW EVERYONE TALKING ABOUT TETHER MIGHT COLAPSE
Tether 'untethered' from USD so many times and has wreaked havoc.
What's more amazing to me is that every exchange seems to be fine with this. Like they are too deep into the rabbit hole to get out of it.
Which makes you go hmmmmm🤔
Most likely they R all terrified of mentioning even *a whiff* of doubt or concern about the ticking Tether time bomb ... anything that could (further) erode the public perception of cryptocurrency in general & crypto exchanges in particular.
It's like they've all planned & built a village or small town on a hillside or mountain slope that's prone to mudslides or avalanches -- any attempt to dismantle the community could set off a catastrophe, but if they simply sit on their thumbs then disaster is likely to come crashing down on their heads anyway.
This seems to B a case of enormous wishful thinking: if they simply go on like business as usual, & keep reassuring everyone else that "everything is fine", the cryptobros hope that no one will notice the massive land subsidence event waiting to happen rite under everyone's feet....
Your channel has helped me see how cryptocurrencies are literally the digital equivalent of going “hey buy these coconuts and use them as currency! Everyone else will too!” But no one does and you just buy a bunch of useless non-edible coconut coins in your basement
You can buy a company stock like Apple that makes more profit in one quarter than anyone else doee in a year, or coconuts....
Hm... Tough decision. I will take the coconuts please
cocor nut
Except that people do use cryptocurrencies
Are you new to crypto?
Not all crypto is like that though....
That management team's circle of evil, holy sh*t.
- Ponzi schemer
- Pirate of software
- Online ped0ph1le
- Fixed Online Gambler
- MMO farmer
I have to ask: do they have an arms dealer too, somewhere at the reception desk?
Phil!
Edited: Phok!
I mean...I really don't doubt it
If those guys are busy running Tether, who’s running Hell?
What's so evil about being a MMO farmer tho lol
@@BanditDil210 paying people in the third world to farm mmo items is pretty scummy tho .
Crypto has proven to be the best example of the phrase, "Absolute power corrupts absolutely." This is why we need regulation, bc without regulation they have absolute power over what they do with the funds, corrupting them into always pulling the rug.
wouldn't the regulators then have even more power, which corrupts? They protect the powerful and connected. Don't get it twisted. Open competition where customers regulate with their dollars is the only way that works, and that's moral.
Did you miss the part where the feds seized Bitfinex's money? Without that "regulation", Bitfinex would still have 850mln $ !
What we need is real money. Crypto wouldn't even exist if government didn't already steal everyone's gold (FDR 1933) and wildly inflate the price of gold (congress 1934) and finally leave gold completely (NWO 1971) and slap everyone in the face with a bailout 2008. Regulating crypto will merely spawn new crypto. And really that's the point. Stealing is the game.
Yeah, that's cute. You still think the government cares about you.
You are delusional if you think your government is there to protect you. They are doing the same things as Tether... The difference is they have a Police and an Army backing them. And you can hear more and more about how various governments are working on making their own cryptocurrencies and how they are planning to take cash out of the market... because they realized that there is much more money to be stolen and they are missing out, especially by not having full control of all of the money everyone has. I wouldn't be surprised if they hired people like those at Tether to tutor them...
It's now 2024. Tether has broken $100B in circulation.
Yeesh, it's gonna be real bad if it collapses
If everyone in the executive arm of tether was of good moral standing , this wouldn’t be an issue , I am not exactly sure of child predators, gamblers and Ponzi scheme enactor in charge of my money
Exactly... I'd rather trust it with JP Morgan, Chase and HSBC... Oh.... Wait...
@@Brian-vs9sd None of these banks issue a currency, try again
Start your own currency then because it’s going to be hard to find one. I’m even losing faith in gold/silver
@@Brian-vs9sd hold that bag bro.. hell yeah.. to the moon bois
You can´t trust anyone with huge amounts of money. Period.
That teaser really made me the earliest I've ever been to the billion-dollar studio featuring the all mighty and quite handsome, Coffeezilla.
One day people are going to come back and give this the "aged like fine wine comment" but times 100000000
As someone who has zero investments in crypto, I still find the countless fraudulent things that happen in the world of crypto are always fascinating and I'm glad I don't have to worry about any of this mess lol
Have you not watched (listened to) the video? It can absolutely affect you and all of us.
This is journalism, I mean really good stuff
@@geams I just bought a car with tethers. What's this about gambling again?
Love the editing on this one. Great work!
*You have no clue.* ✔
Hey Patrick, would love to hear your take on Tether on your channel as well!!
@@asswhole4195 yeah, that would be great
Yeah, Pat. What do you think of tether. It will be a great video. Thanks👍
Are you using bots on your own comments???
2010: We will create decentralized, deflationary currency to end the lunacy of debt.
2023: yeah let's just print more crap and keep it all in one place.
How is this guy not on CNN, MSNBC and Fox so ordinary people can understand what’s really going in?…wait, never mind.
I was listening on my drive home and straight up pulled over to give this my full attention
its that good right?!
Did you dump your bag?
I was laying down ready to go to bed now here i am full boar in my trousers about to watch the full thing
Hahaha that's funny
Guyz I don't have Bitc.¡n but even I am looking out of my window of my overpriced high-rise concerned 😬
The further down this rabbit hole you go the more imaginary money becomes. Our entire financial system is one giant ponzi scheme
@Failed Society But you probably shouldn't play a ponzi scheme within a ponzi scheme. Then you have these crypto scammers eroding your coins while the US government erodes the value of the dollar which is what all these cryptos are based off of. Also its unlikely the US government will crash the dollar to zero while the same can't be said about these crypto exchanges and coin developers just running with your money.
@@iankmak -- most good cryptos are based on a borderless, mathmatical proof of value... the market decides.
yes there are some shady things going on...
even more so on the fiat currency side.
BTC is digital gold. LTC is digital silver.... (faster and more liquid). ETH is distributed finance and cloud contracts.
The USD has the "woke" military and oil (major commodities) behind it.
There are other stable coins that could replace Tether ...they seem to be more honest (not difficult).
Tether may well cause another BTC/Crypto winter - yet it always recovers.
🤣👍
@@drx1xym154 yeah mathematical value that rises and falls because of Elon and China. Hmm seems legit!
@@drx1xym154 what are some better stable coins?
I noticed this stuff back when I was like 17- how massive investors turned a blind eye to this is beyond me
Mhmm
I noticed it when i was 12 years old
It’s been over a year since the video and Tether is still the same value as before……
What makes you think they did?
There's a saying that investors aren't motivated by reason but by greed and fear.
"Remember why we do this **fire money gun**" - Lol this was brilliant.
The fact that this channel hasn't reached a million subs yet is an abomination.
The truth isn’t appealing to the masses
@@KenGreen-tm7si The video quality should be
@@bigdswinger most people will watch 5 seconds, look at their cryptowallet and be like "I'll be rich soon.. let's ignore this fool". Damn shame. I think Zilla is 100% on point.
nah, currently it is an employer-sponsored defined contribution pension account.
it should have 60 billion subscribers tbh
What I've learned from this is that crypto is basically ran by the Suicide Squad...
😂😂😂
Haha it’s the wild west right now furshur 😂
@@face1159 only like 90 percent
Love binge watching your videos! Your great man!
I am so shocked to find that crypto space is full of scammers.
In Scotland we use the word fud to describe someone who is dim-witted.
@Lewis Kinney Kinney
You make incredible videos.... the research, the editing, the narration...keep it up man. Love this channel
Greetings my sapling
My young sap
Funny seeing you here
Are you his room mate ?!?
Bruh what, sneaker reseller watching anti scam CZcamsrs?
Your animations are actually amazing
We need an updated video.
This has to be the video of the year the shock value of this video is timeless
@Michael Mark Shut the hell up bro
Not really weve been known this. A simple solution is to use gemini
@@ceologreen why gemini?
@@gobtoshi5610 do your own research. Essentially they have a federally insured bank as a custodian. I dont get paid enough to explain further
Hearing him say "the dollars are there" sounds a lot like CZ saying "funds are safu"
Different men, same scumbaggery.
I just loled really hard
Cz does have a guarantee to pay you bavk what you lose money tru nefarious means. If binance gets hacked they do pay people back. Thats their main thing hence why binance is the biggest exchange in the crypto markets
@@karlgredona1651 there are no guarantees in crypto
@@mr.amir_spb you say that as if theres a guarantee in traditional markets when you are irresponsible with your trades
Good work. I'm not sure why the algorithm suddenly recommended this to me 1 year later.
"If u look too close to their funds, it may just vanish." That cracked me up.
As a crypto investor since mid 2016, this is hands down your best and most well-researched video.
I don’t think anyone from the crypto space, myself included, would call this video FUD. However, SafeMoon has the worst bunch of followers that comment the most hateful moronic shit to anyone that doesn’t advocate the purchase of safemoon.
@@JohnPedder HEY HEY HEY I like safemoon
@@JohnPedder A lot of the Safemoon criticism has been FUD, let’s be honest.
Safemoon what?
And yet a year later Tether is doing fine…..
Very well done my man man loving your content 👍
Eventually Tether will collapse. It's not just a matter of if, but when.
And all of Crypto is going with it.
last sentence is wrong
No a few will survive, but they will not be nearly as valuable.
@@jamiehendrix-sl3gyDid you even watch the video? It is just a matter of time
@@hazzdazz i know damn well tethers gonna fall, cuz of it's off shore backed supply and audits lol. but Bitcoin and ethereum will never collapse
@jamiehendrix-sl3gy did you not watch the video, man? A massive aspect of bitcoins value comes from tether
just the way Potter ways “dollars are all there” is a huge red flag, not “all the tether is secured by dollars” or “the dollars are there in our vault” or even “THE dollars are all there” - just “dollars are all there” classic sign of lying, vague indefinite statements, yes dollars are there in the world but are they in your vault securing tether???
Tether is backed by
Feathers
@@anonismust lesthers
@@anonismust backed by heathers
Anytime a video is about crypto it immediately gets botted with crypto scammers and if that isn't the sign of a good investment, I don't know what is. lol.
Real estate channels get botted with real estate scams. Stock channels get botted with stock scams. Influencer channels get botted with influencer scams.
@@ericp1139 Yeah, but from having done other investment videos I can tell ya there is a noticeable difference with crypto.
If someone tells you crypto is an investment, run. Crypto is a gamble or maybe a hobby, don't put in more than you can afford to lose.
@@quixomega you’re just uneducated, Bitcoin is literally the best performing asset
Crypto is still a good investment dude...it’s new as hell so obviously people are trying to play it
If there's anything i've learned it's to never use an exchange with an X in the name.
Only use echange... Noted.
Amazing video as always Coffee.
“Well if it does fail, we all going down together boys “ lol *likes video
Yeàaaaaaaaaa😤😤😤
So true.
If crypto fails due to Elon Musk, Tether or any other centralised entities, it didn’t deserve to succeed.
Pass the cigars
Wow, the 10 million dollar studio comes with a robot. Those Coffeezilla courses must be selling very well!
I just gotta say how impressed I am with all your reporting, I kinda forgot what it was like to hear good journalism.
I’m still waiting on the day that all of this actually hits the fan
Hey Coffee, I just want to say that as a Bitcoin old-timer following the Tether story since its inception, I respect the quality of the research, production, and storytelling.
Well, tell us your thoughts?
All talk then? A disapointment
the real funny thing, is tether acts exactly like a bank printing fiat currency. They take their debts vs liabilities and borrow against it to print more and hyper inflate everything.
wow great content and editing.
Currently there's 83 million Tether. Sheesh theyre still printing.
Two things:
- Your editing...man, freaking AMAZING!
- The whole Tether scam...geez!
Graham Stephan sent me, keep up the great informative content!
Graham "whats up clicks, its bait here" Stephan?
@@refundreplay nice
Graham's busy hands tire me out.
This aged like fine milk
I just discovered these videos via the Lex Fridman podcast interview and have been binge watching. Watching the subscription numbers rapidly increase I suspect I’m not the only one. Excellent content.
New subscriber. Nice videos. Been binge watching them. Do you have something about NFT games like Axie Infinity???
Protect this man at all costs
He really shaking up the decentralised world lol
Shut up
He’s a goat 🐐
Yeah he’s gonna need it probably