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SBF
@SBF_FTX
My single favorite part of this thread: Its central point is that USDT FUD is massively overstated. In making this point,
@danheld
doesn't massively overstate the opposite side. He admits the nuances, and focuses on correctly balancing the arguments.
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Dan Held
@danheld
1/ Don’t Fear Tether Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through FUD. Most of these are completely unsubstantiated, but annoyingly persist as negative narratives Bitcoin must fight against.
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SBF
@SBF_FTX
Replying to
@LeVraiEntruv
and
@danheld
USDT-- --very liquid on exchanges, moderately liquid for creations/redemptions --Messy and imperfect but works --claims that it's < 95% backed are totally unfounded (not to say it's only 95%!) --If there were issues with USDT/USDC it would be bad but crypto would survive
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Loko
@noobkidloko
Replying to
@SBF_FTX
@SBF_Alameda
and
@danheld
Just a simple audit. It's been 5 years jfc. Burden of proof is on Bitfinex and not on other people. It does matter if it's overstated or understated. Anyone with any level of intelligence knows it's fraud, saying this as a bull who tells people to ignore the FUD.
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BobbyGiggz
@BobbyGiggz
Replying to
@SBF_FTX
@SBF_Alameda
and
@danheld
Bro, fcuk the arguments. The whole game is rotten to the core Can you imagine the opportunity cost of dealing with this shitt, relative to what we could've done with all that time and effort. Sometimes you tear it down and start fresh. 😆💟💯
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Kaioken
@Itay_
Replying to
@SBF_FTX
@SBF_Alameda
and
@danheld
Hello, please your help, how can i choose the leverage i want without risking more money? I want to leverage x5, amount 1000$ When i typing the amount the leverage is x0.16 Why? How can i leverage x5 with 1000$ ?
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Angus Macnamara
@AngusMacnamara
Replying to
@SBF_FTX
@SBF_Alameda
and
@danheld
The lack of balance on CT drives me insane... On the other hand, it highlights the emotion that the space is built on and reflexivity provides opportunity
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Angus Macnamara
@AngusMacnamara
Replying to @davidgerard and @ahcastor
It certainly undermines it. Bitcoiners may often overhype/become tribal, but doomsayers have a tendency to go just as far the other way. Bias is powerful and nobody is immune. It would be far better find the middle ground and focus on specifics
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