‘Money Printer Go Brrr’ Is How the Dollar Retains Reserve Status Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Data from CoinMarketCap also reveals that the token has the highest daily trade volume in the entire cryptocurrency markets with $52,679,441,866 traded over the last 24 hours, surpassing Bitcoin’s daily volume by 10.8 $billion. The most controversial (and least revealing) of the disclosure: commercial paper. Oracle, the tech company that was said to have acquired TikTok’s US operations, has finally commented on the partnership and confirmed it. Brrrrrrrrrrr! Required fields are marked * Comment. Tether market cap hit 15B USDT. This site uses Akismet to reduce spam. 0:00. The price drops.” At 9:05 UTC Wednesday morning, BTC is changing hands at USD 55,775. Twitter user Desogames posted an interesting hypothesis: that Tether’s “dollar” backing is holdings of USDC stablecoins. 34. Money printer go BRRR! It doesn’t make sense but actually it does, “money printer go BRRR!” The Chairman and largest shareholder of Deltec Bank. These claims turned out to be false — and iFinex, Tether’s parent company, admitted this to the New York Attorney General’s Office in 2019. The best hypothesis is that the USD is stolen, and this is the washing machine; the premium is for the risk of the payment being reversed. They believe the Fed will push stocks to the moon and that this is a mostly permanent thing. Tether Printer [$55K MC] Going strongly up after the first big dip - excellent time to buy # Tether printer Are you tired of finding out … Press J to jump to the feed. best. The company has never been audited — and Hoegner has claimed it would not be possible to audit Tether. Sort by. Also contains technology and research based post from all around the world every single day. Shill central. So I’m absolutely not putting a date on anything. Tethers were printed at a furious rate all through 2020 — as USDT in circulation went from 4 billion to 20 billion between March and December. Money Printer Go BRRR is a non-fungible token on Rarible. You send them a tether, and you get the money via famous money-transmitter brands such as Skrill, Perfect Money, Neteller, and of course Home Credit Kazakhstan. July 31, 2020 . It could bubble again, and go even higher. level 1. For the average person, this may actually not make sense at all. an image macro series depicting Wojaks representing the federal reserve printing money to prop up the bond market in attempts to prevent an economic downturn. Find the connection between Chalopin and iFinex and you may find a smoking gun….. How close to the sun will BTCarus fly before it finally drops from the sky and drowns? hide. Bitcoin and the rest of the crypto markets recorded terrible losses in March. 54. Secured commercial paper is often graded — and even vetted by the SEC — but the unsecured kind has far fewer requirements. Notify me of new posts by email. Kim Stanley Robinson; Bookmark. Dollars from a money printer. This is less than ideal. 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Fullscreen. Shin asked him direct questions, and he wouldn’t answer. On the one hand, that could be true as BTC surged from the $6,400 level at the start of April to almost $9,700 at month’s end, which coincides with the period Tether’s “printer went brrrr.” But on the other hand, the recent price surge could be an effect of the upcoming Bitcoin halving event expected to occur in less than ten days from now when the network hits block 630,000. The remarkable rate of tether printing, combined with fabulously inept public relations from iFinex principals, strongly suggests the tether business is at the “out of control” stage of spiraling outwards. Attack of the 50 Foot Blockchain: The Book, Business bafflegab, but on the Blockchain, Imogen Heap: “Tiny Human”. Money printer go brrrrrrr. Once I become rich like all the other hodlers, the first thing I’m going to do is to buy 365 Tesla cars, so that I can drive a different one each day of the year. Keiser Report: Bitcoin beats the money printer go brrrr by RT published on 2021-01-09T09:33:07Z. XBTUSD. Tether go BRRRR... did they just print THREE TRILLION? In the early days, Tether claimed that every tether was backed 1-1 by US dollars held in a bank account. [Letter, PDF]. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. Tether USDT Market Cap (December 29th 2020 through June 2021) Low: 28-88k High: 116-188k It really really depends on how everything in the markets play out. Répondre. Don't worry. The original Money Printer Go Brrr clip featured what appears to be either a cardboard cutout or a superimposed image of Federal Reserve Chairman Jerome Powell cranking out thousands of U.S. Just In: Tether Printer Goes Brrrr: 1.6 Billion USDT Minted In April As Bitcoin Recovers From March Loss Go brrr is a phrase applied to a machine or other item that can be used to "simply" solve a problem. Click here to get It is believed that increased demand for the dollar-pegged stablecoins is the reason why Tether is printing more USDT since the company controls a large share of the stablecoin market. MEDIA. Sujet : [BRRR] Tether printer goes. High-quality Printer Go Brrr Greeting Cards designed and sold by artists. BRRR token holders are able to vote to make their BRRR money printer go faster or slower. Money printer go BRRR By the Institute for Memetic Research & Development. There’s about 27 billion tethers in circulation. Many compared Tether Treasury’s printing to the Fed with the infamous meme, “money printer go BRRR.” With each fresh Tether print, the critics have gotten louder and louder. Tether (USDT) is the cryptocurrency trading economy’s favourite substitute US dollar. Press question mark to learn the rest of the keyboard shortcuts report. Sign up today! This makes Tether Printer deflationary while passively rewarding those hodling, which in turn keeps the printer whirling. [CoinDesk]. Get all details including contract address, trading price & description. The Money Printer Go Brrr is a popular meme on Reddit and among Robinhood traders. Tether is there for you! The post Tether Printer Goes Brrrr: 1.6 Billion USDT Minted In April As Bitcoin Recovers From March Loss appeared first on CryptoPotato. The game appears to be: print tethers, release these to the large tether-based exchanges, use the tethers to buy bitcoins or to fuel margin bets on bitcoins, move the bitcoins to Coinbase, sell them for dollars. Making the Fed’s Money Printer Go Brrrr for the Planet Science-fiction visionary Kim Stanley Robinson makes the case for quantitative easing our way out of planetary doom. level 1. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Hacker News (Opens in new window), Click to email this to a friend (Opens in new window), News: Craig Wright copyright claims, Grayscale, Mt. By Sead Fadilpašić. Tether is owned by iFinex — a cluster of companies formed around Bitcoin exchange Bitfinex. Still, Powell’s statements point to a trend that … Nouveau sujet Liste des sujets. (I think the axe is the proposed FinCEN rule on documentation required to move crypto into and out of money services businesses — because in crypto, even if you’re a relatively clean actor, you know damn well that dirty money is no more than one or two steps away from you.). 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