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We're talking about a hypothetical situation where people have attempted to withdraw Tether and failed to do so. And the assertion was that no one would "spill
by rcme 4y ago
We're talking about a hypothetical situation where people have attempted to withdraw Tether and failed to do so. And the assertion was that no one would "spill the beans" about Tether's inability to redeem USDT because they'd risk harming their own investment. That would not happen because of what I outlined above. There will be at least one person willing to make a bet on this. It's in the DNA of people who trade. The appeal of exploiting information asymmetry is too great, at least for one of the participants. And all it takes is one person to reveal Tether's inability to pay.
- lazide 4y agoI looked through their site, and couldn’t find any way to even attempt to redeem unless I have $100k. Do you have a way we should be trying?