[lingben]

exchanges

clients on exchanges sell BTC and buy USDT thinking they are buying USD not realizing they are buying tethers

think of it this way, you can easily put money into the system but you can't get it out, instead you get funny money

don't believe me? find me one person who has sold tether and has documentation to prove it

when money comes in but can't leave... there's a name for that...

[jpmattia]

> and buy USDT thinking they are buying USD not realizing they are buying tethers

There are people buying $450M of USDT thinking that it's actually dollars? And just in the last round?

Let's think about how many people, and what average transaction $$:

  1M people   @ $450
  100K people @ $4500
  10K people  @ $450K

Which of those is most plausible? That's a lot of suckers, no matter which choice. And remember that's just the last round, there's nx$1B out there already.

It sounds implausible really.