291–300 of 326 posts
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If you're unacquainted, look up (other?) examples of 'nominal determinism' - you're in for a treat!
*nominative determinism
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Got it. In that case, you can short $COIN. I wouldn't recommend it for another 3-6 months though.
I’ve lost all faith in my ability to time this lol. It has to come down someday, and the bigger it gets the harder it falls. But Tether has a remarkable ability to kick things down the road so far.
Disclosure: Hindenburg Research does not hold positions, either long or short, in Tether, bitcoin or any cryptocurrency at the time of this press release.
They'll certainly hold positions when they release any juicy findings they have.
Article: https://www.coindesk.com/markets/2019/04/30/tether-lawyer-ad...
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Read MY point, please prove (or show any evidence) that it did not happen. You are claiming something that there is literally NO EVIDENCE of, while vast piles of available evidence points to the very opposite. Tether is, has been, and will continue to be insolvent. The only question is when people will notice.
> Read MY point, please prove (or show any evidence) that it did not happen. It does not work like that, you are making the claim not me. You have to show the evidence.
(BTW, actually, you made the claim: https://news.ycombinator.com/item?id=28924975 )
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Read MY point, please prove (or show any evidence) that it did not happen. You are claiming something that there is literally NO EVIDENCE of, while vast piles of available evidence points to the very opposite. Tether is, has been, and will continue to be insolvent. The only question is when people will notice.
I don't believe in Tether, but on the other hand, my logic that insolvency should lead to immediate destruction means...I should believe they are solvent. I mean, that's basically it. Everything points to insolvency, but if it was, it would be history. Therefore, it must not be. Anyone who "notices" should make it all fall apart instantly. And loud mouth short sellers have certainly been wrong before.
But it doesn't. And it shouldn't.
Businesses can and do survive insolvency (sometimes without the public ever knowing!). Insolvency just means that either liabilities are greater than assets, or cash flow does not meet expenditures. Either one can be a temporary situation which can be solved with things like bridge loans. (Or bankruptcy proceedings!)
More nefariously, in the case of Tether, so long as they don't see redemptions exceeding their assets, they can continue to hide the fact that they are insolvent indefinitely.
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This is like saying Z$ should make every fiat speculator or holder very nervous. Crypto is huge. You can be involved without coming anywhere near USDT.
You think the shockwave of the tether collapse will leave any crypto unaffected? What if some trading platforms fold?
It may be counterintuitive, but the best thing that could happen to Bitcoin would be for Tether to collapse in a cloud of dust. Tether is continually cited as a large risk factor to Bitcoin by people who have gotten past the "it's not real money" objection. But I think it's worth considering what happens if the collapse never comes. If government investigation, findings of wrongdoing, admission of lies, and punishmen…
This is very interesting. Hindenburg is the real deal. One challenge may be that, like the Mafia, Tether keeps its inner circle and employs family members. They have ~15 employees for a 70 billion dollar operation. The CTO’s wife is a manager, and the CEO’s daughter works for an unnamed crypto family office, which may be related. Their counterparties in Chinese commercial paper may not know they are counterparties du…
I am inclined to apply, but what would be the the best company? Bitfinex or tether?
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> Read MY point, please prove (or show any evidence) that it did not happen. It does not work like that, you are making the claim not me. You have to show the evidence.
I did show the evidence. Again, read MY point. Goodbye, troll. (BTW, actually, you made the claim: https://news.ycombinator.com/item?id=28924975 )
Where is the evidence that Tether is insolvent?