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Your Tether-DAI bet has to be made on an exchange, many of which are shady and unregulated; for example, we know Bitfinex is closely tied to Tether itself. Whe
by Clewza313 6y ago
Your Tether-DAI bet has to be made on an exchange, many of which are shady and unregulated; for example, we know Bitfinex is closely tied to Tether itself. When the tide goes out, we'll also find which exchanges have been putting their hands in the cookie jar, and many will implode Mt Gox style.
- graeme 6y agoYou’d at most lose what you staked, right? Like if the bet is truly 100:1, and you bet $100 and win but the exchange implodes, you only lose the $100 correct? Mind you not sure how it can be a risk free 100:1. I think this assumes the leverage is on the same exchange that goes bust.