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pratyushbuddiga's profile
Pratyush
Pratyush
Pratyush
@pratyushbuddiga

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Pratyush

@pratyushbuddiga

Learning to master the next game

Joined November 2015

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    Pratyush‏ @pratyushbuddiga Oct 17

    Pratyush Retweeted Hasu

    Great levelheaded analysis as usual from @hasuflhttps://twitter.com/hasufl/status/1052774560867717122 …

    Pratyush added,

    Hasu @hasufl
    New article with @zhusu ! How would a Tether exit look like and why do we think it's already happening? https://medium.com/@hasufly/tether-is-exiting-and-nobody-noticed-a7ce6dc30c56 …
    9:33 PM - 17 Oct 2018
    • 3 Likes
    • Evan SS Hasu Jesse Martin
    5 replies 0 retweets 3 likes
      1. New conversation
      2. Jason Mo‏ @cuntycakes123 Oct 17
        Replying to @pratyushbuddiga @hasufl

        this is a whole lot of nonsense, there are so many problems with this article. if regulators were on bitfinex case, why would they abandon a stablecoin that is insulated from US regulations to ones that are far more risky?

        1 reply 0 retweets 2 likes
      3. Pratyush‏ @pratyushbuddiga Oct 17
        Replying to @cuntycakes123 @hasufl

        important part for me was about Tether buying it back which should increase confidence in it actually. Not speculating on Finex winding it down but yea that makes sense

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Jason Mo‏ @cuntycakes123 Oct 17
        Replying to @pratyushbuddiga @hasufl

        october "great month" for stablecoins? they were all listed because there is a ton of speculation on their peg value and exchanges make money for these listings. its not really a positive for stablecoins that there are speculators passing usd back and forth at a fee.

        0 replies 0 retweets 4 likes
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      1. Jason Mo‏ @cuntycakes123 Oct 17
        Replying to @pratyushbuddiga @hasufl

        bitfinex banking relationships basically have nothing to do with tether use. They also aren't disclosed, HSBC news is not even verified and doesn't remove need for tether.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Jason Mo‏ @cuntycakes123 Oct 17
        Replying to @pratyushbuddiga @hasufl

        Jason Mo Retweeted CoinDesk

        in reality, the winklevii are causing a lot of the fud because they are releasing a similar product, market reacted to this usdt got arb'ed back fairly quickly. https://twitter.com/coindesk/status/1052326198825689090?s=19 … like this garbage.

        Jason Mo added,

        CoinDeskVerified account @coindesk
        Buying bitcoin may be cheaper using a stablecoin the market has greater confidence in, like the Gemini dollar, than with an alternative like USDT. http://ow.ly/YDkT30mgdn8 
        1 reply 0 retweets 1 like
      3. 1 more reply
      1.  🧞‍♂️‏ @anonxer2018 Oct 17
        Replying to @Squee451 @pratyushbuddiga @hasufl

        Such as?

        1 reply 0 retweets 0 likes
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