top | item 25775213

(no title)

throwaway9d0291 | 5 years ago

> The New York Attorney General proved in court they had at least 95% in cash deposit backing.

I think that's a deceptive mischaracterisation of what the NYAG has done, unless you have more information than what I found.

The NYAG has accused [0] Bitfinex/Tether of misappropriating up to $900M (which I'm guessing where your missing 5% comes from) of Tether's reserves to cover up some other dodgy stuff they were doing.

But absence of lawsuits covering the other 95% doesn't mean that the NYAG has "proven" that the rest of the money is there.

> Please put your money where your mouth is, no one seems willing to do so these days and I truly wonder why.

> Shorting bitcoin tether is literally a few clicks away for everyone on the planet, why not go bet everything you have on it.

Speech isn't pay-to-win. Nobody has to bet their life savings shorting Bitcoin futures in order to participate in a discussion.

[0]: https://www.bloomberg.com/news/articles/2019-07-29/crypto-ex...

discuss

order

No comments yet.