Poor Person
1.4K posts


@LiaRasa21 @wallstreetpro None of that is happening. Delusional.
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@BENBALLER This is what happens when you have no idea what you’re investing in and it’s all propped up by fraudulent stablecoins.
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@Martinez1Genis @tether Brother. I can tell you’ve never stepped foot inside of an accounting class or finance class. Get some education before trying to defend something you don’t understand.
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@linkianapolis @iggy1296 @ben_mckenzie They can never get an audit. First tether wouldn’t try to hire someone, and second, a reputable accounting firm wouldn’t touch them with a five foot pole.
Wanna know why?
Because all of fraud would be exposed.
Back to basic accounting and finance for you moron.

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@Fun_Poor_Man @iggy1296 @ben_mckenzie You know nothing about public accounting services
An agreed upon procedure is exactly what is called for in a proof of reserve audit
I’m saying it’s not an audit in the technical sense but it is an audit for all intents and purposes since it is evidence the reserves exist
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@linkianapolis @iggy1296 @ben_mckenzie You call yourself a CPA online, but then send something like you did and say “performed under the same professional standards as an audit.”
Frauds always end up exposing themselves if you let them speak enough. Again, you have no idea what you are talking about. Back to school.
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@Fun_Poor_Man @iggy1296 @ben_mckenzie it’s not an “audit” (it’s an agreed upon procedure) but it’s performed under the same professional standards that would be used in an audit
It’s not my fault you missed every crypto bull run thru today, fren
Maybe you should stay out of MY mentions and hate yourself less
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@linkianapolis @iggy1296 @ben_mckenzie You call yourself a CPA and call that an audit? Get the fuck out of my mentions lmfaoo. Uneducated.
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@Fun_Poor_Man @iggy1296 @ben_mckenzie Wrong fren
tether is not based in the USA and the industry has been skeptical of it for 5+ years
I hold no tether because I don’t trust it the way I trust usdc
But again, there have never been issues and it’s the preferred stable in Asia by a large margin
news.bitcoin.com/62b-stablecoin…
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@linkianapolis @iggy1296 @ben_mckenzie Tether has never been audited. You don’t know what you’re talking about.
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@Fun_Poor_Man @iggy1296 @ben_mckenzie The US based centralized stable coins (usdc, usdp) are provably backed 100% with cash, cash equivalents or short term maturity treasuries
Tether is the largest stable and they have never had redemption/liquidity issues and audits have proven it’s 100% backed with liquid assets
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@linkianapolis @iggy1296 @ben_mckenzie Tens of billions? Tell me you’ve never taken an accounting class without telling me. Stablecoin fraud upward of $120b is propping this market, house of cards will collapse under regulation. Bitcoin to under $1k soon.
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@iggy1296 @ben_mckenzie Tens of billions deposited in defi is money not deposited at banks, so banks can’t loan it
They can’t let this trend continue
Undermines their business model
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