Tether loaned USDT to investors and illegally traded in New York, says NYAG

Post by ryanlol » Thu, Jul 11, 2019, 8:07 AM UTC

chx wrote: post #130

ryanlol wrote: post #109

Earlier quoted context omitted.

>The sending costs an unknown amount, takes an unknwon amount of time, This is a downright lie. >the receiver gets something but none of you can predict how much that is actually worth by the time they receive it This is just misleading, the recipient gains control of the transmitted bitcoin almost instantly. Confirmation delays are known.

I do not lie. > The sending costs an unknown amount Here's you can see historic daily average Bitcoin transaction fees both in dollars per transaction and in satoshis per byte https://bitcoinfees.info/ > takes an unknwon amount of time Here's the average time for one confirmation: https://coincentral.com/wp-content/uploads/2017/12/Screensho... here > This is just misleading, But it's not, there's a time delay between…

Post by ryanlol » Sat, Jul 13, 2019, 12:42 PM UTC

chx wrote: post #132

ryanlol wrote: post #131

Earlier quoted context omitted.

Fees are always knowable, the real average confirmation time for transactions with appropriate fees is fixed at 10 minutes. >But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction Well yes, but this is known beforehand. There are many mechanisms you could use to hedge your…

> There are many mechanisms you could use to hedge your risk here. Do you even hear yourself? We started from very easy to use and now we are at hedging strategies...