dekz
Joined 17 years ago
Joined 17 years ago
Bitcoin uses a UTXO model, a recipient address is specified for the remaining funds that are not intended to be spent. Similar to how you pay for a $20 item with a $50 note, you (recipient) receive $30 in change.
Shorts denominated in USDT will get absolutely decimated, pushing other assets higher.
Exchanges using Tether will enforce a maximum withdrawal, pushing other assets higher.
Smart money will buy USDT at a discount once their reserve details are made publicly available. If it's FUD they'll make an absolute killing.
There's 3 possibilities here: 1. Tether is completely backed 1:$1 (highly unlikely) 2. Tether is partially backed, the reserves are greater than the outstanding 3. Tether is partially backed, the reserves are less than outstanding
Only 3) will have a downward price correction. If they've been buying BTC like everyone here has suggested then 2) is the most probable, since you know BTC is at yet another ATH.
If it becomes public that tether has excess reserves, the FUD will disappear silently. Worst case Tether says they will slowly sell off to reach 1:$1 over the next 12 months.
1: https://support.coinbase.com/customer/en/portal/articles/288...
We are 100% non-rent seeking.
In Ethdex we incentivise Trading platforms by allowing fees to be charged in Eth, the natural currency of Ethereum. Not by creating a token and forcing its utility (ala ZRX and 0x).
We also support Multi-Relay, which is something 0x does not support. As a maker you can submit your order to every trading platform, every slack channel and every subreddit. Other platforms cannot do this.
We also don't have any obligations to VC's to ensure they make profit.
[1]: http://ethdex.io/faq
coinfund.io/steemit.com
Would you support something which has not been fundamentally tested?
twitter: @dekz
email: [email protected]
Melbourne, Australia
http://pgp.mit.edu:11371/pks/lookup?op=get&search=0xD41D0883EF8643E9
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Key fingerprint = 7BF8 E8EF 62D8 FF8F EF33 7936 D41D 0883 EF86 43E9