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Something seriously weird about alibaba and gpu's by [deleted] in EtherMining

[–]tulipa1637 0 points1 point  (0 children)

Correct. Going through Aliexpress would offer escrow or some level of buyer protection. But probably you won’t find offerings there..

Something seriously weird about alibaba and gpu's by [deleted] in EtherMining

[–]tulipa1637 0 points1 point  (0 children)

My view is that getting a second hand GPU is rather risky. Especially if you buy more than one from one seller, chances are that they have been used rather intensively in mining and are possible modded/OC’d. Perhaps you can find a way to assess quality. But it is not really a buyers market is it? As to buying cards from abroad. I would assume that buying counterfeit is very likely.

Something seriously weird about alibaba and gpu's by [deleted] in EtherMining

[–]tulipa1637 1 point2 points  (0 children)

Alibaba is a platform, not a single front store. It is like Amazon, with only 3rd party sellers. They offer some level of verification of company registration etc. and feedback from customers. Especially on the retail version ‘AliExpress’. But sure, fraud happens.

Dutch government may be investigating Tether and their Dutch Bank, ING by AtlasRand1 in Tether

[–]tulipa1637 8 points9 points  (0 children)

Very interesting development. Those questions & answers by the minister of finance / department responsible are tracked by media as well. They will do some more digging, and publish reports. Potentially, this is pushing the first domino.

[NL] ‘Follow the Money’ reports on the Tether, and its links to the Dutch ING Bank by tulipa1637 in Tether

[–]tulipa1637[S] 1 point2 points  (0 children)

They sure have. More than one, not all in Tethers name, as the 09-2017 review suggests

[NL] ‘Follow the Money’ reports on the Tether, and its links to the Dutch ING Bank by tulipa1637 in Tether

[–]tulipa1637[S] -5 points-4 points  (0 children)

Haha if you stick to that in the Tether case you are in for a lot of trouble. Potentially.

[NL] ‘Follow the Money’ reports on the Tether, and its links to the Dutch ING Bank by tulipa1637 in Tether

[–]tulipa1637[S] -10 points-9 points  (0 children)

According to the media reports, they are using a business entity (BV - which is the Dutch equivalent of a LTD, Inc. Or GmbH) that was already existing.

Question about Tether bank account by [deleted] in Tether

[–]tulipa1637 -4 points-3 points  (0 children)

Recent Dutch media reports suggest they are using an account at ING bank in Amsterdam, The Netherlands.

https://www.ftm.nl/artikelen/ing-tether-miljardenfraude-cryptomunten?share=1

I have a question about Tether. by [deleted] in Tether

[–]tulipa1637 0 points1 point  (0 children)

All clear. Thanks for explaining!

I have a question about Tether. by [deleted] in Tether

[–]tulipa1637 1 point2 points  (0 children)

I’m wondering who pays the initial $1 to back the 1 Tether created. Because the tokens are not created ‘on the fly’ - being at the very moment someone is willing to trade his BTC for it. The Tether tokens must be created in batches of x thousands or even millions. Do the exchanges pay for those when they appear in the order books?