4 ms·
But printing the money is only useful in that it manipulates the market price to go that 10% higher which is where you make the profits. If they printed that m
by gph 8y ago
But printing the money is only useful in that it manipulates the market price to go that 10% higher which is where you make the profits.
If they printed that money and everyone found it worthless and the market didn't response they wouldn't have a business model.
Edit: I guess I should say that's the conjecture of those saying Tether was created purely for profit based on market manipulation. I don't have an inside knowledge on what was going through the heads of those at bitfinix who created it.
- paulgb 8y ago> But printing the money is only useful in that it manipulates the market price to go that 10% higher which is where you make the profits. If you print money you have free money. That's pure profit. Anything else is just a bonus.