Loading ...It appears that the crypto ecosystem is a mass counterfeiting operation
A mass counterfeiting operation
In the aggregate, the bombshell findings that are being uncovered by these individuals are simply horrifying. It appears that a mass crypto counterfeiting operation has been under way for years, creating “counterfeit” crypto coins that are used to buy up Bitcoin, Ether and other coins across the crypto ecosystem. There is irrefutable evidence of the criminality of such operations (see the NY AG document above), and it appears that the “valuations” of the crypto ecosystem are largely fictitious.
Based on these revelations, it appears that the vast majority of the crypto ecosystem is a global counterfeiting scheme that’s headed for a “crypto reset” once the fraud is fully exposed. While many people are buying crypto with cash, other players simply “create” coins out of thin air and use those to purchase Bitcoin, Ether or other popular coins. They then sell those coins for cash (such as USD), thereby transferring greenback fiat currency into their own hands by simply counterfeiting digital fiat from the start.
https://www.naturalnews.com/2021-12-06-crypto-reset-digital-fiat-currency-counterfeiting.html
Pass the Popcorn
As if I didn’t have enough to keep me awake at night already.
Tether is the canary in the coalmine. All cryptos trade against either BTC and tether predominantly. A tether implosion means nuclear winter for cryptos. What would happen is that theter would break the dollar peg and equilibrate at some lower price. Many choose to ignore this. However, there are plenty of other stablecoins ready to take its place.
Tether has been suspect for a LONG TIME now.
I remember reading a treatise about its dodgy arrangements in BC times (Before Corona).
They kept that dollar peg very opaque.