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Tether: $200M issued in under 24 hrs, $350M total issued in the last 4 days
- marcusestes 9y agoStarting in the midst of a plunge, this looks really hard to explain. It’s entirely feasible that the Tether project exists to prop up the price of Bitcoin and to protect the Bitfinex margin float.
- wmf 9y agoIf you were going to legitimately buy >$100M BTC, would you not wait for a dip in the price? The speed at which Tether responds to market conditions is suspicious, though.
- empath75 9y agoIf I were legitimately going to spend a 100 million on bitcoin my first step wouldn’t be to buy 100 million unredeemable tokens from a sketchy exchange with no access to the banking system.
- marcusestes 9y agoWas this thread flagged? It was momentarily the top post.