Tether made $13B or $86m in profit per employee last year

Post Photo
like
Posting as :
works at
You are currently posting as works at

Incredible business model

like

Tether is a scam. It's an open secret.

smart

I've seen the "evidence"

There's one professor who said that tether prints preceding price rises in 2017 indicated that tether was creating unbacked USDT to pump the price

However, as demand increases for a scarce supply exchanges that use Tether to handle exchange transactions (many of them) trade USD for Tether.

So normally what occurs is

1. Demand rises
2. Exchange trades USD cash for USDT to handle increased transaction volume
3. Increased demand for a scarce supply of Bitcoin causes the price to rise

1 then 2 then 3 continuously as the price increases during a bulk run.

So the pattern of events that is expected to occur doesn't serve as evidence of anything. This is literally what always happens and proves nothing.

Are you thinking of this paper or something else?

Take with salt, little is known about the actual financials of tether

helpful

$50 bln sitting there generating interest from bonds yet they can hardly make any profit 😛

like

As an x-Tether developer I can tell you... Tether is a product idea more than any true "success" factor!
It's the shine of bitcoin + stability of $$ == usdt

like

Related Posts

Hello everyone,
I am MBA Graduate, looking for entry level job opportunities in digital marketing.
Please suggest some guidance and tips and good companies for digital marketing as fresher.
It would be very helpful ☺️

TIA

like

Bain & Company A Business Analyst with 2+ years of experience. Looking for job opportunities abroad in Bain & Company. Skills include data research, analysis, visualization, writing PoVs, primary research (interview &surveys), market analysis etc.

Open to Canada, Australia, UK, Switz and flexible with other places too.

Please let me know if anyone can refer me! Would like to help you out in someway too :)

like

How is the WFH policy at TIAA.
1) Have they started calling back people to office?
2) Once the office resumes do we have the flexibility to WFH if we like?

Urgently need referral for TIAA
YOE- 3.4
Tech Java Spring microservices backend
Fintech domain
LWD 1st Sep
Location Pune
Thanks

Opinion on applying for a job via LinkedIn vs. the agency/company’s website? Which one is more effective?

like

$ACUIF nuff said

like

Hi all! In which order do you recommend studying BEC chapters ? Which ones are heavily tested compared to others ? (For example in AUD A3-A4 were tested for sims and I’ve studied A1-A5-A6)

like

Hi everyone! In this field, when choosing a masters degree program is it more beneficial to get a degree in Human Resources to further my knowledge in HR (my undergraduate degree is in Economics) , an MBA, or Data Science Degree due to the fact that HR is becoming more data driven as well as get a PHR / SHRM-CP certification?

like

Hello everyone! How do you manage holiday pay when the holiday is on a Saturday/ Sunday. For example, if I have someone working on Christmas (Sunday), they should be paid 1.5 but what if they work on Monday as well?I know this might sound silly to some people but I’m covering for payroll for the holidays and I don’t want to mess up!

like

DPW Finance vs Capital Markets (NY)? Hours? Culture? Second year associate.

like

I'm up for election next year. Kind of feel like I'm in Squid Game right now.

I've signed on to this, I'm really close to the end, but at a certain point I feel like I just want to check out of the game (and go in-house or something).

like

Preparing for another week ahead. Stay safe out there.

Post Photo
likefunnysmart

So, recently got put on a PIP after six months at my new job., two days after I told my boss and HR I recently learned I have a cognitive disability caused by an illness. The PIP was mostly because I forgot some deadlines, but also they said I need to be more professional in emails (even though others use zero punctuation and a lot of emojis. To clients.) and simultaneously ask more questions and ask fewer questions. Should I just assume this is unattainable and look for a new job again?

like

Why are people not good at ending zoom calls? I feel like I’m always the person who throws in the closing statement (I.e, ok well sounds good is that all? Have a nice day! This was helpful thanks Karyn..looks like we’re at top of the hour already) 🤦🏻‍♀️

likefunny

Completely burnt out. I've been on high burn engagements, but this is different. It's not the hours but just working in a constant state of disruption. Any tips on how to keep going forward

like

Today I won a raffle for an Omega SMP 300. To show my appreciation to the watch gods, I am letting my current diver, the legendary SKX009 go for the same price as my raffle ticket ($38, shipping included). If anyone is looking for this hugely popular piece (ideally a new collector), hit me up! Currently sized to a 6.75” wrist but comes with all links. All hail the watch gods!

Post Photo
likeuplifting

Has anyone attended HackerX events? I'm wondering how the experience was and if you felt you built a brand with good candidates.

like

Is no one else disturbed by the Gatorade protein bar ads? Who sings with food in their mouth? Mightn't they choke????

like

For those that take on small freelance projects on the side (more consulting/work for small companies, night/weekend hours), is it worth setting up an LLC for that? Do you typically lower your rate for small companies vs what it would be freelancing at a day rate for an agency?

like

Additional Posts in Everything crypto

Thoughts on AdEx ?

CZ will make a good fugitive because nobody has ever been quite sure where he lives or operates out of. He’s got a head start on Do Kwon or the 3AC guys, or certainly SBF who waited in a third world country to be detained in their jail.

likefunny

Thinking of buying ALL coins for $1000 each. Am I crazy?

smart

Hi new to crypto! What apps/sites would you all recommend to start investing? I have Robinhood but it doesn’t have a lot of the crypto options

like

“I think it might crash further”🤪

Post Photo
likefunny

Binance bought FTX. Com. Wow this is next level chess move by CZ. Crazy how things are moving.

likehelpful

My portfolio has been stagnant for a week now. Last few times this has happened, market has tanked. Anyone else feeling we’re at an event horizon soon?

like

When I place a limit buy on Bittrex, say on a eth-strat pair, and it hits my bid 2 days later, what is the constant? Price of eth (at time of order) or units of strat bought?

Plz Fix. Thx.

like

If you follow the cryptocurrency market, or even have been just taking an interest lately, with the Bitcoin "halvening," you should check out Pi.

If you haven't heard of Pi, it's a new cryptocurrency (like Bitcoin), developed by a bunch of Stanford PhDs. What makes it really interesting is that you can still mine this coin, using just the processing power of your phone, unlike just about every other coin out there. (Contd)

likefunny

Any portal/website where we can follow cryptocurrency prices

Are there any good apps for iPhone for trading crypto? Not Coinbase. Currently have my coins at GDAX but want to expand portfolio and also trade from phone

How useful do you find bitcointalk to be?

like

Saitama (slowly) on the rise. Eager to see what happens this weekend

likefunny

Who else thinks a a 10-20% dip is coming this week?

like

Could this be an ICO? This seems like a massive crypto play.

Post Photo
like

WTF is going on with XRP

Ok guys, I'm gonna link things up wild. The following are facts
1. David Marcus, former head of PayPal and a top guy at Facebook who was leading Messenger (FB really put in a lot of work into.. cont.

likesmart

Has Binance app disappeared from the Apple store?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal