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by throwaway9d0291
1986 days ago
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> 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... |
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