/biz/ - Business & Finance

Thank you for playing.

Thanks for playing.

>>7106565
K R I N G L E S
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>>4718011
Let me guess

Either adderal or xanax

>>4455932
>https://medium.com/@bitfinexed/bitfinex-never-repaid-their-tokens-bitfinex-started-a-ponzi-scheme-86a9291add29

>1. Bitfinex gets ‘hacked’ and loses $72 million dollars of their customers funds, then seizes 36% of all user balances.
Citation needed.

>“The fastest way to get paid back, is to convert debt to shares and then sell your shares to another shareholder”.
Shitty exchange; but not illegal.

>Prior to publishing this post I was informed that Tethers are on the rise. Today, at the time of this post there has been another 25,000,000 USDT printed.
Ok; where's the evidence of there being less than $25 million deposited? That's chump change in China.

So, what we've got from this article is that the founder is a pretty shady guy, they've been caught in a scandal before, and that there is a lot of USDT being created.

>scandal + shady guy
As if the cashies aren't the ones pushing the tether meme the hardest, and you faggots backed Roger Ver and Jihan Wu.

>lots of USDT being created
Hurr durr, a lot of new money is entering BTC. They have to keep the tether roughly worth $1 or they lose money, so they create bulk issuances of tether to rectify the balance sheet. Tether is basically a form of equity in Bitfinex, since you can't redeem it for dollars directly. Nothing is stopping you from withdrawing BTC directly, so why the calls of insolvency? Do you think they are operating with a fractional reserve?
>a. that's not illegal
>b. it's not even a bad thing unless there is a bank run forcing a liquidity crunch
>c. YOU ARE FUCKING FORCING THE LIQUIDITY CRUNCH FOR YOUR OWN PERSONAL GAIN

Aight, send the gibs and let me fail, mean OP man
0x94d69379d9f6e8bd02422bec21d6e49c54a0e661

>>1814930
Picked it up at 13.88, dropped it all off at 14.33.
Feels good man, bless amd's predictable dips

post yfw when Trumpenfuhrercoin's 3 TIMES THE PESO