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Wow, you are demonstrating a high level off cognitive dissonance here. I claimed that Kraken was the only place that regular traders could trade a USD-USDT pair

by b1daly 8y ago

Wow, you are demonstrating a high level off cognitive dissonance here. I claimed that Kraken was the only place that regular traders could trade a USD-USDT pair. You try to argue I’m wrong by pointing to an exchange that has a USD-TrueUSD pair? Bittrex does not have a USD-USDT pair available for regular traders. They are literally just testing this service this week with a limited pool of users. Here’s what they are said in what is the most recent post on their news blog, May 31, 2018: https://support.bittrex.com/hc/en-us/articles/360004397871-Bittrex-Announces-Introduction-of-US-Dollar-Fiat-Trading https://support.bittrex.com/hc/en-us/articles/360004397871-B... >During this first phase, fiat trading will be limited to approved corporate customers in the United States located in Washington State, California, New York and Montana. Qualified international customers may participate in the market as well. Like all customers who want to be active on Bittrex, fiat customers will be required to submit to both the standard registration process --including proof that they are operating in qualified U.S. or international regions -- as well as other specific fiat terms and conditions. You are trippin’ As to who might have a vested interest in maintaining the appearance of the dollar-tether peg, come on. That’s not too hard to figure out.

darawk 8y ago
> Wow, you are demonstrating a high level off cognitive dissonance here. I claimed that Kraken was the only place that regular traders could trade a USD-USDT pair. You try to argue I’m wrong by pointing to an exchange that has a USD-TrueUSD pair? Yes, and I stated why I thought that was relevant. Feel free to provide a counter-argument. You realize that any supposed 'USD' pair is equivalent to a promise to pay you USD by the entity that issues it, right? Which means that a USD pair and a USD-backed token are literally the same thing: Promises to pay USD. How meaningful they are is contingent upon the trustworthiness of the issuing entity. TrueUSD is a regularly audited US-based company with real VC backing and transparent accounting. TrueUSD is much more meaningful than a Bittrex or Kraken USD pair. > Bittrex does not have a USD-USDT pair available for regular traders. They are literally just testing this service this week with a limited pool of users. They've been testing it longer than that, and a decent number of people have access to it. > As to who might have a vested interest in maintaining the appearance of the dollar-tether peg, come on. That’s not too hard to figure out. I didn't say that. I asked why someone would be interested in wash trading. Re-read what I actually wrote, and feel free to respond to literally any of the substance of it.

by b1daly 8y ago

darawk 8y ago

> Wow, you are demonstrating a high level off cognitive dissonance here. I claimed that Kraken was the only place that regular traders could trade a USD-USDT pair. You try to argue I’m wrong by pointing to an exchange that has a USD-TrueUSD pair? Yes, and I stated why I thought that was relevant. Feel free to provide a counter-argument. You realize that any supposed 'USD' pair is equivalent to a promise to pay you USD by the entity that issues it, right? Which means that a USD pair and a USD-backed token are literally the same thing: Promises to pay USD. How meaningful they are is contingent upon the trustworthiness of the issuing entity. TrueUSD is a regularly audited US-based company with real VC backing and transparent accounting. TrueUSD is much more meaningful than a Bittrex or Kraken USD pair. > Bittrex does not have a USD-USDT pair available for regular traders. They are literally just testing this service this week with a limited pool of users. They've been testing it longer than that, and a decent number of people have access to it. > As to who might have a vested interest in maintaining the appearance of the dollar-tether peg, come on. That’s not too hard to figure out. I didn't say that. I asked why someone would be interested in wash trading. Re-read what I actually wrote, and feel free to respond to literally any of the substance of it.