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by ixtli 2548 days ago
I cant figure out why this is flagged and people are claiming the article doesn't support the HN title. What does this mean if not "tether is being used to manipulate BTC"

> “Bitfinex [a large crypto exchange that operates as Tether’s affiliate] issues tethers to their traders for market manipulation, market manipulators pump and dump, then ‘pay’ for the tethers later.”

The title is literally the core claim the article is making. To be very clear, though, this is not news to anyone who follows bitcoin community drama. Whats funny about the article is that an insider admitted it.

2 comments

IMO, Tether is dirty as shit, but we're still supposed to use the actual title on HN. The headline here doesn't appear in the article at all, even if the implications do.
ahh fair. i was under the impression that you could summarize the point in HN titles. tbh there's so much cognitive dissonance in the world of BTC commentary that an explanation should be mandatory!
Only if it's too long to fit, or a clickbaity headline. :-)
Because not even that quote supports the headline here. This is not what Tether said, it's what Bitfinex'd said, a blogger that posts way too many assumptions for me to take them seriously (even though I think a bunch of what they say hits the nail).

The headline is a pure invention not related to the article.