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The loss became tradable on their exchange, the swap for equity was optional, their was also a token for for representing the return of the stolen funds that was trading as well. Eventually the tokens representing the losses were trading for an equal value to the loss so if you were a little patient you were reimbursed. Alternatively if you took the gamble to buy the debt tokens at below dollar parity you made a nice return. Meanwhile MtGox users are still waiting for legal proceedings to conclude and get their money back.

For those who are younger here, many electronic products used to come with the circuit diagram included with the product.

At the very least service manuals were available for repair professionals which included detailed operation explanations, disassembly diagrams, service procedures, diagnostic and calibration instructions.

Older furniture can be much easier to repair its just a shame that the knowledge is somewhat less commanplace than it once was. Shellac finishes are a known quantity, easy to touch up or remove an re-apply. The animal glues used in woodwork of the past also allows joints to be easily disassembled for repair and often you can just reactivate the existing glue with some moisture and heat.

A point that opponents of Tether repeatedly ignore is how easy a source of profit it is as business idea. The reason I do not believe all the Tether conspiracy theorys is that there there is too much easy money to be made without breaking the law and all that entails.

For example buy back tether yourself whenever the market is spooked that you may not be legit due to internet fud or have your collateral invested in US bonds.

Kraken has many banking partners and do require KYC. A larger issue is that not everyone is in America but still require USD as is it is the most liquid exchange pair. I guess that this leads to many trusting USDT over American based tokenised dollars that are more subject to US courts. A better option could be DAI . though that is only backed by crypto assets thus far.

Please link your sources, their reserves as I understand may in some part consist of unspecified collateral, even if they are crypto which I seriously doubt due to its volatility the fact remains that Tether is trusted enough to be supported by the majority of major exchanges. The imminent demise of tether has been predicted for many years now. You can short tether at Kraken or choose to use one of the many other USD stable coins.

One large use for Tether is transferring value either for abitrage or to buy assets on another exchange not available on your current exchange. Sending real USD via the banking system could take weeks whereas sending Tether will take minutes. Also if Tether is trading below $1, Tether (the company) could buy them back and burn them for profit, assuming of course that each token is backed by one real USD.