While bitfinex/tether's actions heavily imply fraud, can we come up with a model that makes them solvent?
Some theories say that they are borrowing money from a bank who keeps the USD in their accounts. They then proceed to margin buy bitcoin to drive up the price at critical moments and sell off during consolidation allowing them to repay the ghost loan.
The least likely possibility is that when someone wants to invest bitfinex directs the new investor to pay off the debt of earlier investors.
A theory I have not yet seen is that they are accepting cash deposits from CN citizens and using this to buy USTbills from the CN government. I think this would be the best possible outcome. The money is there just acquired in a really shady manner.
Can anyone explain why bitfinex is being so shady in a positive way?
Hey Faggot. Long time no see. What happened to your Bcash?
Connor Young
>can we come up with a model that makes them insolvent? Already happening, Gox 2.0 in the making. Real Veeky Forumsness man know how to profit from it. More gains than let it survive
Ryder Russell
the best scenario is the tether bubble pops and crashes the entire crypto market, wiping out countless normies who just entered and sending us into a year-long bear market like after the mt. gox crash
this way I can make up for all the mistakes and missed opportunities from this year
Jose Barnes
tether will effect bcash too. Fraud never works long term. Trying to come up with ideas that would explain the shadiness. Haven't seen any evidence that this isn't fraud. What is your theory?
Josiah Green
Welp. Fraud works long term if you have the military force to back it up. Case in point, U.S.D. Fiat. Bitcoin partners in Saudi Arabia just used Military Force to take down Bitcoins main attacker. Where were you when Bitcoin became backed by Military Force? Tether pumps are a smokescreen. The real deal is Military Force.
John Gonzalez
This fucking LARPer and his fucking oldfagbiztard routine really grind my gears
Cooper Taylor
Problem with this " pop The Market" meme is Digital Currency is here to stay. It is here to condition you to accepting a cashless society. We are at least one generation away from that being politically and ideaologically possible in the U.S., So, it is going to be a generation before Crypto collapses so Governments can say "We have this new tightly regulated digital Global Currency everyone has to use, we cann not allow what has happened in the past", and it will be backed by Military force. So, with relatively minor corrections, we are good to go for about 20 years. Ride the wave. It just started.
Nathaniel Campbell
Basement neets really grind my gears. Run along upstairs now, Mum has tendies ready.
Joseph Roberts
Please god I need a second chance. Make it crash please tether PLEASE
