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Bitfinex prints Tethers, not Bitcoins.
by zone411 9y ago
Bitfinex prints Tethers, not Bitcoins.
- JumpCrisscross 9y ago> Bitfinex prints Tethers, not Bitcoins "Yeah, but he's our bastard" [1]! Joking aside, you deposit a coin with Bitfinex and get some pixels saying "one Bitcoin". You then trust those pixels can be exchanged for Bitcoins or dollars down the road. If they're playing fast and loose with one, it's a funny argument to make that they aren't doing the same with the other. [1] https://en.wikiquote.org/wiki/Talk:Franklin_D._Roosevelt https://en.wikiquote.org/wiki/Talk:Franklin_D._Roosevelt
- askafriend 9y agoThey make claims that Tether are 1:1 redeemable with USD.