I doubt it, heck if you are too scummy for HSBC...
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Replying to @ncweaver @matthew_d_green
lol.. but despite what
@Bitfinexed wants to think .. no one can maintain the price of an asset arbitrarily through fairy dust wash trading. It is completely nonsensical. At best you can manipulate the price in a limited way for a very short time.2 replies 0 retweets 2 likes -
So if I have access to, say, 50% of the total stated reserves, I can’t actively maintain the “buck” for a significant period of time?
1 reply 0 retweets 5 likes -
Replying to @matthew_d_green @J0hndom and
If that’s the case, how did Bernie Madoff stay in business for so long?
1 reply 0 retweets 2 likes -
Maybe its a fractional reserve .. I dunno. If it were tho, I would have expected it to be broken in the massive sell-off bw Dec-March. Why would it be broken now many months later? (unless its because they lost their banking relationships).
1 reply 0 retweets 1 like -
Replying to @J0hndom @matthew_d_green and
And the comparison to Madoff is fallacious.. he promised returns not stability. Tether is no less opaque about their reserves than most of these pegged currencies, but because they are not a country somehow its differenthttps://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp …
3 replies 0 retweets 0 likes -
Replying to @J0hndom @matthew_d_green and
0 is also a return and it's a lot better than some deserve.
1 reply 0 retweets 2 likes -
Replying to @KyleSGibson @J0hndom and
You have to believe that either $2.5B worth of "institutional" money decided to not invest on say Coinbase but instead went to a skeevy unbacked unregulated exchange, bought $2.5B of their car wash tokens in order to trade shitcoins or... They just printed em. Hmm....
6 replies 5 retweets 36 likes -
Replying to @ncweaver @Bitfinexed and
The explanations I’ve seen for moves btwn Bitfinex and the Tether wallet — by well known analytic firms — baffle me. They believe redemptions are happening. To me it seems like the right hand washing the left hand.
4 replies 4 retweets 19 likes -
Replying to @mattleising @ncweaver and
So you think BFX are liquidating Bitcoins to pay off Tether holders?
1 reply 0 retweets 2 likes
Good possibility
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