Conversation

SBF
@SBF_FTX
2) Moderator to Roubini: “in the interest of getting you to not repeat yourself 10 more times...”
1
21
SBF
@SBF_FTX
4) Roubini points out that Venmo, WeChat pay, etc already allow easy payments. Hayes responds by appealing to privacy and risk of government overreach.
1
17
SBF
@SBF_FTX
6) Hayes basically responds that customers can tell when volume is fake anyway; I wonder how true that is?
2
14
SBF
@SBF_FTX
7)
@CryptoHayes
: “no one is saying exchanges are violating price time priority”; says that’s the REAL market manipulation. I mostly agree—we’ve only seen 1-2 cases of exchanges refusing to let our orders trade.
2
8
SBF
@SBF_FTX
8)
@Nouriel
repeating bullshit about Tether. USDT is minted when makets go up because people want to create it to buy BTC; no conspiracy needed!
2
23
Guy
@guymp
Replying to
@SBF_FTX
@SBF_Alameda
and
@Nouriel
This doesn't add up. Why would players with millions of $/¥/€ to spend on BTC first buy USDT for use on retail exchanges? Surely they'd be wiser to buy OTC to lock in a preferred price, avoid slippage and avoid the risk of holding USDT which has the attention of the USG
1
Guy
@guymp
Replying to
@SBF_FTX
@SBF_Alameda
and
@Nouriel
Why would they necessarily be US-basd OTC desks? The narrative is that Tether demand is coming from Asia, primarily PRC. They'd use HK or shady mainland OTC desks, no? And the question remains: why use USDT as a bridge to acquire bitcoin?