Grading myself as correct w/r/t to insolvency, correct with respect to commingled funds between Bitfinex/Tether, undecided w/r/t degree which insolvency was caused by speculating with customer funds vs. the conversion by Crypto Capital Corp, ...
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not-public-knowledge-yet-but-feeling-confident with respect to this having been an open secret for the crypto powers-that-be. And for the 2018 one: Correct on Tether being ~backed, correct on FBO, incorrect on jurisdiction (was Puerto Rico at that point) and...
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I was definitely early w/r/t to predicting one of their accounts getting frozen, which you can either round to wrong or round to right over the course of the next few weeks depending on your preferences.
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End of conversation
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The hash checks out! (Thought I should check on principle) Btw, you probably saw this, since it's you who turned me on to
@matt_levine, but Matt's take on banks using crypto was brilliantly hilarious:https://www.bloomberg.com/opinion/articles/2019-03-20/ibm-wants-crypto-to-help-banks-like-jpmorgan-do-banking …Thanks. Twitter will use this to make your timeline better. UndoUndo
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bravo, well played sir!
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Can you explain your prediction that the Tether news takes down Kraken?
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I’m curious as to why you think
@krakenfx will be “the first major exchange to fail”? What’s your reasoning for this?Thanks. Twitter will use this to make your timeline better. UndoUndo
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