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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 pa
by 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.