Ok, interesting thread, but I cannot let this inaccuracy stand — under most rules “six of clubs high” is not a possible poker hand.https://twitter.com/Bitfinexed/status/1479569011348316163 …
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
Except for when Bitfinex shareholders pumped tether to a thousand dollars per Tether to wipe out your short position. On Kraken.
In practice you’d have a master lending agreement with whoever you borrowed from — they could demand margin to cover but you’d have good cause to dispute it if the price only moved on one exchange. As long as you’ve negotiated reasonable terms in your MLA you’d be fine.
-
-
Yeah that’s not happening.
-
What’s not happening? I’m not speaking theoretically here, you can short tether in exactly the way I’ve described, I’ve done it (not outright short — to hedge synthetic long tether exposure from elsewhere).
- Show replies
New conversation -
-
-
If you’d shorted using margin borrow on the exchange where the price moved you’d probably be screwed though, so don’t do that I guess.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.