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The fact of the matter is the market continues to value Tether at $1, despite having multiple alternatives. So, even if it is the case that Tether is insolvent.
by darawk 8y ago
The fact of the matter is the market continues to value Tether at $1, despite having multiple alternatives. So, even if it is the case that Tether is insolvent...it was still a much better investment than leaving the money in regular crypto. QED.
- village-idiot 8y agoMarkets also valued beanie babies highly for a while. Pretending that markets are purely rational is going to get you hurt. If the case is that Tether is actually insolvent, then history gives us a very good example of exactly what’ll happen once the run starts.
- darawk 8y ago> Markets also valued beanie babies highly for a while. Pretending that markets are purely rational is going to get you hurt. My point isn't that the market is rational or perfect. My point is that they could have hedged.
- village-idiot 8y agoAlmost impossible to do when the markets are rigged. I believe for a while Bitfinex would let you wash trade with your own account, that’s how poorly run these markets were.