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I think you're "begging the question." You believe that Tether is a fraud. You're using the fact that the price on a CEX and DEX are the same to justify that be
by halpmeh 4y ago
I think you're "begging the question." You believe that Tether is a fraud. You're using the fact that the price on a CEX and DEX are the same to justify that belief. "See, the price on a DEX matches that on a CEX, therefore Tether is a fraud."
Whether or not Tether is a fraud has nothing to do with the price match on a CEX and DEX. The price on CEXs and DEXs will always match due to arbitrage.
(This isn't a statement on whether or not Tether is a fraud. I'm just pointing out that the price on a CEX and DEX will always match with sufficient liquidity in the market).
- jqpabc123 4y agoWhether or not Tether is a fraud has nothing to do with the price match on a CEX and DEX. The price on CEXs and DEXs will always match due to arbitrage Agreed. The point is --- any market manipulation will affect DEX the same as CEX. People often erroneously point to DEX as a way to avoid CEX influence and control. It's not.
- halpmeh 4y agoI'm still not understanding the correlation between a centralized exchange and perpetuating a scam. Tether doesn't rely on a centralized exchange. If an entity, centralized exchange or otherwise, is willing to pay off the entire market to perpetuate a scam, then yes, DEXs will be impacted. That doesn't seem related to whether or not an exchange is centralized.