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What you describe is their actual business model.

Tether makes the most profit per employee of any company in the world. Their transparency, speed, and market success is renown.

This thread is full of tether truthers living in 2017.


Same could be said for the prevalence of processed food.


Well, for starters, the tornado cash contract is on the US OFAC sanction list...


Link: https://sanctionssearch.ofac.treas.gov/Details.aspx?id=39796

What is the actual legal interpretation of OFAC listing a website domain and a set of Ethereum addresses on the OFAC sanction list? Does this simply mean that it is illegal to transact with foreign entities associated with these identifiers? Or does it mean something more? Or nothing at all?


Anything on that list is disallowed as an actor in any transaction save for making a deposit in a regulated institution (thereby freezing the asset).

Osama bin Laden may put money into the U.S. financial system, but it may not move any further after that point.


The user reports in this thread are split about 50/50 between "it's horrible" and "I use it every time I drive"

Narrative violation


Have you tried FSD v12?


I haven't, because even though I paid for FSD back in 2016, it is STILL not enabled on my car. About 18 months ago I finally got allowed into the beta for around 3 months, but then it went in for service (doing the storage device replacement), and everything got reset including the ability to use FSD, so I'm back on the beta list and have been for a year. I submitted a support request for it maybe a year ago, but it got deleted with no response.

While it was enabled, I'll say it was terrible at things like driving in the city, but it was actually pretty good at interstate driving.


> I haven't, because even though I paid for FSD back in 2016, it is STILL not enabled on my car.

So hasn't Tesla stolen from you? You should demand your money back.

This guy did: https://teslamotorsclub.com/tmc/threads/my-experience-taking...

He got his money back with interest.


Forget interest, I'm thinking convert it to stock at the price I'd have paid back in 2016, because basically they've used it as an investment. Seems fair.


Yes, I have and it's better but only marginally. I like my Tesla, of the EV's available, it was the winner. The sales model coupled with the route planning with RELIABLE charging stops sealed the deal, and other legacy car manufacturers are just so clueless when it comes to both.

But look, FSD is smoke and mirrors. v12 is marginally better, yes, but it still acts horribly. It can't merge well. It's jerky. Last night it tried to drive in a breakdown lane. It often misses on-ramps for highways around here.

Man, the auto wipers don't even work. That makes me the angriest - what would they pay for a rain sensor? Jeez.

Vision only may work with better cameras but seriously Elon put Ali Express $0.20 cameras in this thing.


Have you tried FSD vX? is the new Have you tried Linux Mint?


Next year will finally be the "Year of the FSD"


Allow me to drop an alternative theory for this mass firing.

Tesla had a large layoff several weeks ago. Some execs pushed back, requested waivers or flat out refused to comply. Elon says: can't give me 20%? How about 100%.

This is all about sending a message to executive staff about who is in control. Not about the business unit, not about performance.


Congrats to all the well intentioned industry players who preserved through all the hurdles imposed by a bad faith regulator.


To those who think tether is a massive fraud: time to get caught up. The crypto dollar market is extremely large, the product market fit is extremely real and tether is king.

https://t.co/caUMlsufXA


This could well be true!

But remember, the crypto exchange market is also extremely large and profitable, and yet exchanges keep turning out to be massive frauds.

The number of people who promised to keep your money safe and had long term incentive to do so and yet failed miserably used to astonish me. Now I assume it's the norm.


What is the "dollar" in your traditional PayPal balance backed by?

The differentiation is written in plain English in the article.


Stablecoin operators are making money hand over fist in the post-ZIRP era. Real, actual revenue.

If crypto has demonstrated clear PMF for anything, it's that the world loves stablecoins denominated in dollars.


You have to ask, who are the people who love this product? Sure, if you make moving dollars easy, there are people who will use it. But is it an investment product at all?

Here’s an example of how Tether gets used in the real world:

“I’d been hearing rumors about illicit uses of Tether—I’d seen court documents containing intercepted messages from a Russian money launderer promoting it to his clients, for one thing—but pig butchering was the most concrete example I found. People around the world really were losing huge sums of money to the con. A project finance lawyer in Boston with terminal cancer handed over $2.5 million. A divorced mother of three in St. Louis was defrauded of $5 million. And the victims I spoke to all told me they’d been told to use Tether, the same coin Vicky suggested to me. Rich Sanders, the lead investigator at CipherBlade, a crypto-tracing firm, said that at least $10 billion had been lost to crypto romance scams.”

https://www.bloomberg.com/news/features/2023-08-17/my-crypto...


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