Note that they never said the audit _agreed with_ the numbers listed on the website/exchanges.
Also note that the shareholders of Tether are Bitfinex, who, in addition to being an exchange is... Tether.
In other words: yes, we all understand the issues with Tether. I’m still hodling. You do you.
I sold at BTC$17000, thanks.
The only thing Bitcoin is worth is what someone is willing to pay you for it since it has no, you know, underlying value. If that number is determined substantially by manipulators, well, what good is it? It may as well say "In Giancarlo Devasini [1] We Trust" on it.
The "monetary property" it possesses is defined in Tethers. You can send them back and forth all day but if you have no baseline of what it can be exchanged for, I can just move lines in my spreadsheet back and forth too. That's not a "monetary quality."
[1] https://www.crunchbase.com/person/giancarlo-devasini#section...
I'm also not asking for proof of a negative (that Hillary didn't destroy her emails). I'm asking for proof of an affirmative. That Tether does have funds to back it's liabilities. Should be easy. Bring in KPMG, show them your bank accounts and have them attest to it.
If they do that I'll shout how wrong I was from the rooftops. I'm only asking them to follow through on their numerous, repeated promises over a half decade.
"We are aware of online discussions about Tether’s lack of publicly-available audits. Periodic audits of our bank balances have been performed by the Taiwan-based auditing firm TOPSUN CPAs & Co. The results of those audits were for the benefit of shareholders and were not in a form suitable for public consumption (to begin with, they were in Mandarin)" [1].
... they couldn't share these audits because they were in Mandarin?! Where on earth would they find a translator.
[1] https://tether.to/tether-update/