/biz/ - Business & Finance

>>14997869
Im not Bitfinex customer.

>>14997995
Bitfinex creates Tether. Bitfinex closes, Tether will also disappear. This would devastate the entire market regardless of what some think.

>>14998037
do they really have the authority to shut them down ?

uh no what do you mean fren

tether is totally backed 1:1
they audited themselves, seems legit to me

>>14998053
>Bitfinex
>Headquarters: Hong Kong
No

>>14998053
They can lock them out of all Fiat on ramps, which would render them dead in the water. So, yes technically they can shut them down.

>>14998053
>>14998071
it doesn't even matter that much what the courts do

if it comes out that tether is *officially* insolvent, the market will react once they realize their tether is useless and a mass panic will ensue

>>14997869
Looks like NY kikes pretend to not understand the internet, more news at 11.

>>14998071
If Tether is not backed with FIAT, will be not a problem

>>14998487
KYS

>>14997869
btc unironically 10,000 gorillion eow

This 2 year+ tether FUD is funny, but getting tired. Holy shit fiat currency sucks ass? No shit. The fact tether is failing as a fiat currency is bullish for bitcoin.

>>14997869
this is a very jewish piece of jewry

>>14997869
You are an idiot. That’s like saying pornhub is going to get shut down because minors lie about being +18 to access the site.

>>14998527
yeah very bullish that the coin that does 70% of btc's volume will crash and be worthless

>>14998542
Yea, but they don't issue pornhub tokens that support a multibillion dollar porn market.

>>14997869

> The account holder found users need only select an option saying they are not a U.S. resident to continue using the exchange unabated.

Is totally fine, the website is only responsible for what is legal in his own jurisdiction. For example in a porn site if you click "I'm +18" when you are actually not is your fucking problem, not the porn site one.

>>14998594
As long as bitfinex does not facilitate stateside trading by knowingly encouraging it, a warning should suffice. The same way pornhubs warning is sufficient. Now if pornhub was proven to encourage users to lie about their age to access their site. Than there’s a problem.

>>14998609
>Seeing titties vs Trading an illegal security
Yeah anon I can totally see the parallel here...

>>14998487

>>14998637
Letting minors access pornography is unironically a bigger criminal offence than illegally selling securities.

>>14998653
It literally isn't but ok, keep telling yourself that

>>14998664
That says alot about our society

>>14998664
Also they have their I'm over 18 button, so all is well

>>14998037
Bitfinex didn't create and doesn't operate tether. Sure it's some of the same people but it is a different company

>>14998579

Its extremely bullish. Tether holders will be getting the fuck out of tether into other stable coins but also bitcoin. It might be bearish in the short term but long run, having tether murdered is great for bitcoin so we can finally stop hearing about the stupid ass FUD about how much tether sucks. Yes, it sucks, because its fiat. That is why bitcoin exists, because fiat sucks ass.

>>14998670
Yeah it means that tits can't defraud a bunch of people leaving them broke and destitute while the company exit scams, but illegal securities can.
I can totally see how seeing tits is a terrible terrible thing...

>>14998505
know your self?

>>14998684
>having tether murdered is great for bitcoin
i agree

but your delusional if you don't realize that a tether collapse would send btc under 3k
other stablecoins could not make up for tether's volume in the short term. it would be a bloodbath.

>>14998684
What was the price of BTC and other ALT's before Tether came on scene? Tell me how "bullish" you still think it is once this ponzi coin is removed.

>>14998087
Tether Is officially insolvent. iFinex themselves stated that in their court documents.
The market doesn't care, and it's going to take something more extreme to de-peg tether.


>>14998542
NY retail using bitfinex is only one aspect of bitfinex's NY connections.
There are also NY institutional investor connections and iFinex themselves have NY connections.

To my mind, it's obvious that the NYAG has jurisdiction, but at this point it wouldn't surprise me if the case gets thrown out and iFinex gets away with everything.
The tether scam is so obvious and so crass, and the DOJ, CFTC, and NYAG are all supposedly investigating it, yet iFinex has been clowning all over them for years.

>>14998682
Same CTO and CFO buy is not the same company.

kek

>>14997869
so as a burger i can use a burger ip and say im not from us and i wont get banned?

>>14998719

Most of the investment into bitcoin that drives up the price is real fiat from retail investors back in lat '17 and institutions investing long term early this year. Day traders who make up most of the tether users don't contribute to the value of bitcoin, if anything ability to short bitcoin more easily drives down bitcoins price. Without stable coins like tether you would have to cash out to real fiat in order to short bitcoin, its much harder to short.

So if tether crashed, for one thing, that would mean the price of bitcoin in tether would sky rocket as tether goes to zero. The real price of bitcoin in USD would increase as well as people ditch tether for BTC and it becomes much harder to short. I don't see any logical reason why the price of bitcoin in USD should go down if tether "crashed" other than short term fear from the multiple years of tether FUD that has been repeated ad nauseum.

If US citizens can use your platform, we have jurisdiction

>>14998068
btc-e

>>14998830
holy shit, what are you even talking about?

Tether has no influence on your ability to short bitcoin.

seriously, kys 14 year old neet who watched datadash youtube and now thinks he's an MBA wall street broker

>>14998885
this. the US government reserves jurisdiction in any location around the world where a US citizen can be harmed. It's almost like everyone of us is little walking extensions of Murica!

>>14998830
holy shit you're retarded

tether represents 70% of the liquidity for btc. now what happens when tether is worthless and you no longer have 70% of your buyers? while everyone is in panic mode and wants to sell?

>>14998830
Are that many people holding Tether, though? If anything, freshly minted Tether helped the price of BTC to rise.

This is how stablecoins like Tether have propped up the price of Bitcoin.

BTC->USD = $$ leaving the market, overall market cap falls
BTC->USDT = $$ never leaves the market, overall market cap stays the same

Literally, it's a scam designed by a pedophile, and some chinks.

>>14999000
>freshly minted Tether helped the price of BTC to rise.
it has been the main driving factor for btc's price rise, especially in this run up from 3k.
look what's happened the last few weeks with no more fresh tether. this will continue until sub 3k or the ponzi continues and we pump.

Reserve protocol will save the day. RSV stable coin stable coin launching soon.

W

>>14998830
also there are no institutions, you're delusional. institutions aren't stepping in until ponzis like tether are removed and crypto is regulated.
only then will we see 100k btc.

lol at anyone thinking institutions are buying your bags of shitcoin

>>14999006
Who's the pedophile? The chink names are immaterial to me

>>14998976
>Tether has no influence on your ability to short bitcoin.

Lol what? The entire purpose of tether was for non-fiat exchanges to provide a way to short bitcoin. Selling BTC for tether is literally shorting bitcoin, but without having to do it on a fiat exchange.

>>14998995

70% of the day trading liquidity, which is mostly bots, that will just switch over to the 5 other stable coins. The majority of large, long term bitcoin investments by new retail or institutions are done with fiat.

>>14999000

Explain how minting tether drives up the price of bitcoin? I guess the conspiracy theory is that bitfinix mints tether to buy bitcoin with? But lets ignore that those tethers are at any time tradable for $1 USD, and bitfinix has to buy back tether to keep the peg stable. So the conspiracy doesn't really work out unless you're saying bitfinix will exit scam. Then holders of tether have nothing and have to buy back in with fiat, which is bullish for bitcoin, not bearish.

I still don't hear a single reason why tether dying is not bullish long term for bitcoin.

(((they))) are scared, we will show (((them)))

>>14998542
Pornhub is run by jews, bitfinex is not. See the problem?

>>14999055
This is actually a probable scenario, and unless you're an irresponsible degenerate or lack any imagination, you should be holding some RSR

>>14999012
anyone who doesn't believe can look at the charts. xbt and tether volume is at ATH by total dollar volume and volume.
fiat volume is a fraction of what it was by TDV and volume.
tether pumps, and then the fiat exchanges arbitrage or buy/sell to themselves to cover the difference because there's no real orders besides themselves.

>>14999159
Some kind of weird alliance between assimilated quebecois Arabs and jewtalians or something

>goes to binance
>checks the LINK/USDT paring
>order book only has small scalp-tier position sizes
>checks the LINK/USDC orderbook
>finds all thw whale position sizes
Why are all the massive whale buy and sell orders in USDC and not in USDT?

Why aren't more of you idiots asking yourselves that simple question?

Tether is fucked.

>>14999150
>But lets ignore that those tethers are at any time tradable for $1 USD,
no they're not
go ahead and try to get USD for USDT on bitfinex

> Then holders of tether have nothing and have to buy back in with fiat, which is bullish for bitcoin, not bearish.
so you think they will just re-invest after losing everything ?

where is the daily BTC sell volume going once you remove 70% of the buyers ?

>>14999150
>that will just switch over
yeah sure, they'll just switch over when they're bankrupted. besides the other stablecoins literally don't have the mcap to cover tether.
again, there are no institutions and retail normies have mostly fled since 2017.

>>14998830
I've never seen such stupid arguments here.

- Bitfinex was insolvent on Dec 2018
- Started a new bullrun printing tether
- Bitfinex received new FIAT to avoid collapse
- They now have liquidity but customers that bought Bitcoin at these prices will be scammed.

>>14999150
>Explain how minting tether drives up the price of bitcoin?
Go look at tether mcap compared to btc. Every time there has been a rise in btc mcap, it was preceded by a rise in the tether mcap.

You have literal messages showing finex saying they needed to print more tether in 2018, else btc would fall below 3k.

All other stable coins combined don't even have 1/4 of tethers market cap combined

In communication logs from April 2018 to early 2019 shared with the OAG, a senior Bitfinex executive “Merlin” repeatedly beseeched an individual at Crypto Capital, “Oz,” to return funds.Merlin writes: “Please understand, all this could be extremely dangerous for everybody, the entire crypto community. BTC could tank to below $1K if we don’t act quickly.”A Crypto Capital customer that asked not to be named told me that Merlin is Bitfinex CFOGiancarlo Devasini.

>>14999164
>>14999252

Yeah no shit. When new fiat money flows into crypto, more money into bitcoin and other crypto including tether, of course more tether would be printed and sold to maintain the peg, and vice versa. Correlation doesn't imply causality. Look at late '18 and you see that the tether supply contracted as well when bitcoin crashed. But no one is arguing bitfinex is involved in a conspiracy to drive the price of bitcoin down then.

>>14999208
>go ahead and try to get USD for USDT on bitfinex

Bitfinix has a USD/USDT pair, retard, you can exchange tether for USD, just like on other exchanges. Kraken has a USD/USDT pair too. When the peg starts dropping bitfinix has to buy back supply like they did late '18 to maintain the peg.

>so you think they will just re-invest after losing everything ?

Who cares, they don't have BTC so they can't sell. How is that bearish?

And again, I hope tether is a scam and collapses. It is worse than fiat, its fiat supposedly backed by fiat. After it collapses more people will use real cryptocurrencies.

>>14999006
i don't think that's right. on coinbase for example, you can sell your BTC for USD and it's fine. Tether is just on exchanges where there is no is fiat onramp/offramp and people want to pull their money out of crypto into cash/a stablecoin. i think the allegation is that Tether is just printing Tethers and then straight up buying BTC with their Tethers printed out of thin air.

>>14999276
so you just 100% believe finex in saying that they have 100% cash to cover tether? even though no one has done an audit on them and its becoming increasingly clear that they don't?

no one can claim tether is fine until an independent audit is done, until then things don't look very good. if things were fine, they would've let someone do an audit a long time ago.

>>14999180
>Tether is fucked.
USDT has 10 times the market cap that USDC has, it is much more widely available. Personally I prefer USDC since it is 100% fiat backed, but USDT is much more common.

>>14998071
How? You send your bitfinex to an exchange that can send it to coinbase

>>14998037

>another instance of the government stealing people's money

This only highlights the need for crypto

>>14999300
>so you just 100% believe finex in saying that they have 100% cash to cover tether?

No I don't, I never said that. And its been proven they don't. But the fact is there are multiple USD/USDT pairs on multiple exchanges, including bitfinix itself, where you can exchange tether directly to dollars at a rate of around $1. The only way for bitfinix to maintain that peg if it drops below $1 is to start buying back tether, which had to be done in late '18 because the supply of tether was reduced, and is probably why bitfinix almost when bankrupt.

I don't get why you think I am a bitfinix shill or something? I hate bitfinix and tether, I wish did go bankrupt and all tether went to zero, because it would be bullish for bitcoin for many reasons I already described.

>>14999376
no you literally don't understand basic principles of liquidity. tether being worthless would flash crash the market.

>>14999401

Yeah, flash crash due to the retarded FUD is definitely possible, like I said, I'm talking long term its good to kill off the tether cancer. If tether went to $0 and bitcoin flashed crashed that would be an awesome buying opportunity.

Just look at what happened when BTC was in the $5500 range and the NY tether investigation was announced, BTC dipped at first, but then went on the bull run to $13,000+, I think if tether went to $0 maybe BTC would crash in the very short term but BTC would become that much scarcer as day traders and bots that were holding tether to short were wiped out and the only ones left were long term holders.

>>14999437
Bitcoin started a bull run to $14,000 because Tether printed $2b since April

>>14999437
last time we had serious tether fud there was an insane BTC price spike, not a flash crash. people convert tether to BTC when they think it crashes, they don't sell BTC.

>In communication logs from April 2018 to early 2019 shared with the OAG, a senior Bitfinex executive “Merlin” repeatedly beseeched an individual at Crypto Capital, “Oz,” to return funds.Merlin writes: “Please understand, all this could be extremely dangerous for everybody, the entire crypto community. BTC could tank to below $1K if we don’t act quickly.”A Crypto Capital customer that asked not to be named told me that Merlin is Bitfinex CFOGiancarlo Devasini.

>>14999484
so it's the exact opposite as you describe it: short-term it would pump massively, liquidating basically 100% of all shorts and then flashcrash down really really hard.
the bad news about this is that this knowledge cannot be used to trade efficiently.
if you think tether might crash, don't be using leverage, basically.

>>14999484
and then we went to 3k ...

>>14997869

>https://www.theblockcrypto.com/2019/07/26/new-york-users-can-still-use-bitfinex-with-a-minor-fib-and-a-click-of-a-button/

let's hope IRS & SEC don't read that

>>14999528
yes, i know that. but everyone that was leverage shorting was liquidated right before. knowing that it will crash eventually and not keeping that in mind is actually detrimental as it might incentivize you to short and lose all your money.

the thing about a tether collapse is that unlike basic resistance/support levels and retracements/pushes (TA) it cannot be timed. it's like a red button of doom that liquidates both shorts and longs in succession, so not being a gambler is most important right now imo.

>>14999474

Bitcoin started a bull run because a massive amount of new money flowed into crypto. It flowed into bitcoin, alts, and stable coins. Tether was printed because money flowed into tether too, so tether had to be printed to maintain the $1 peg.

>>14999605
> I'm not a tether shill

>>14999605
no. you are delusional if you believe there was more money flowing into crypto when btc was 3k compared to the peak of the bull run in 2017.

If im bitfinex and you trade me your bitcoin for tether and I then sell the bitcoin for fiat...

>>14999605
Money that never enter in the FIAT gateways if you check the money flow with the API of exchanges.

Mfw you are all going to be left out unless you buy coinmetro on the next month.

>>14999657

I already said I think tether will go to $0. I hope it goes to $0, because it will be bullish for bitcoin.

>>14998087
>the market will react once they realize their tether is useless and a mass panic will ensue
It would cause a chain-reaction of exchange failures. Only Dex's would be left standing. The mother of all epic crashes. Mt. Gox will look like a minor fenderbender.

>>14999880
>236000 IQ id
i believe you.

>>14998830
Cruise_laughing.gif

>>14999880
chinknance and cuckbase would be fine. But shitholes like bitfinex and bitmex will die

>>14997869
Long 50x

>>14999113
>Who's the pedophile?

Brock Pierce created Tether.

>>14999150
That's not shorting you brainlet.

>>14999286
It absolutely is true.

>>14997869
So $4 billion in the crypto market stand to get burned unless they pull out soon.. There are plenty of other stable coins.

>>14998579
It currently holds only 4 billion of a 280 billion dollar market.. other stable coins exist and will do well if they more spread out as many as opposed to the current setting where tether seems to have become to big to be trusted as cEnTrAlIZeD stablecoin.

Absolutely COMFY.

>>15000331
>>15000417
what do you not understand about liquidity
the other stable coins all combined can't replace tether as of now

mcap does not equal liquidity
it's not "just 4 billion" when it represents 70% of btc daily volume. when you get rid of that volume, who is going to buy when people are panic selling?

>>14998068
>Report all US users for back taxes and shut down bitfinex or I'll put tarrifs on $200 million of goods
>Ah okah a missa trump

Bitcoin gold is the exit solution by finex

Be ready for that shit !

I believe bitfinex will go under too when I have a short position.

>still crying about tether
lmao. bitmex also gonna get shut down right, because americans can just use a vpn.

>>14999161
The stablecoin aspect of Reserve hasn't released yet, has it? Until then, RSR is just some speculation token like any other shitcoin

>>15001783
Read the whitepaper, or the announcements channel

t.me/reservetradingann

>>15001835
I skimmed the whitepaper when reserve started to be shilled here. I have some fuccboi ministack like 30k. But, my impression was that the RSV token which is the stablecoin literally hasn't been released yet. Reserve isn't a factor in this Tether fiasco.

Is it possible to short tether as a hedge? If tether is not backed then you make $ while the rest of the market goes bad. If you’re wrong, then at most you lose a fraction cause it’s pegged to the dollar

????

This guy ?

>>15000462
35% just over 24hr.
They will be panic selling usdt. Do you think they are going to panic sell their usdt to fiat? I highly doubt the number of traders that would do so are going to be significant.

Bitconnect went full to zero over night with no warning other than the obvious pyramid scheme. They had billions that literally were lost all together. I simply dont see teather being a huge threat. It will sting, but for the best in the shorter long run

>>14998053
The US government can shut down whatever the hell they want

>>15001871
you can short tether 5x on Kraken

>>15001919
pic related x10 or x100 is what's gonna happen if finex is dead usdt pair will skyrocket usd barely follow then it all crash, it could happen really fast too
holding btc now isn't a bad idea but fuck you better be ready to sell, the usd pair could crash instantly if the whales are just waiting for the news to dump it

Ancient Astronaut Theorists say yes.

>>14998579
Volume isn't demand though.

>>14998037
USDC exists
and many others
cope harder

>>15001887
Delete it retard. Nobody need to know this.

>>15003506
Yea, but the others are actually backed by assets.. but just look at 24h volume of all crypto... you wont see the other stable coins for a while..

>>15003506
Its not about stable coins alternatives. Tether is used as market marker of BTC.

>>15003631
This. Any whales doing any sort of serious market moving are 9 times out of 10 using usdt.

>>14998487
>tether backed by fiat
LOL

>>14998995
This

>>15001954
Short tether long.. what?

>>14998995
20 cent linkies.

>>14999300
idiot, they are cash reserves, they either have the cash or they don't. you don't need an audit because you don't need to evaluate all their various holdings because it's all just cash.

>>15004071
Seems admissible in court.

>>15004071
ok but they haven't show any evidence that they do have all the cash and they won't let anyone check. ask yourself why.

>>15004082
Didnt they also just have like 800 million taken from them?

I cant wait until Tether crashes.

>>15004090
$850M was used to withdrawals requested by Bitfinex customers on December.

They only returned $100M but has been printed since April $2b in tether not audited

>>15003968
Long usd but if tether gets fukt so does keken

Bitfinexed
Silver watchdog
Giancarlo tether whisperer
Kadanezod

Anything else on twitter about this?

>>15004365
The only safe place to hold money would be jewbase, and that's if they even let people buy during a flash crash

>>15004377
> Giancarlo tether whisperer
A lof of updates about shady activity

>>15004378
The best option is Kraken, Coinbase can suspend activity like in the stock market.

Bitfinex took $625 million in real money at a real bank from Tether, and in exchange gave Tether back $625 million in fake money at a fake bank

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod

Is tether really done for? then what the fuck am i supposed to exchange my coins in TUSD or USDC from now on? fuck

>>15004576
Someday it will happen without notice.

>>14998684
>Its extremely bullish. Tether holders will be getting the fuck out of tether into other stable coins but also bitcoin
who will trade their btc/stable coin for tether?

how the hell is Tether insolvent I thought they were putting their bucks in treasury bonds, CDs and other almost completely safe investments as their business model

>>14998068
OH NONONONO

>>14997869
>created an account called “ImaNYresident”
>The account holder found users need only select an option saying they are not a U.S. resident to continue using the exchange unabated.

>>15004803
>I thought they were putting their bucks in treasury bonds, CDs and other almost completely safe investments as their business model
They shouldn't be investing in fucking anything, they should have 100% liquidity available for a full tether withdrawal, otherwise they're operating as a shadow bank with fractional reserve, like kikebook wanted to do.

sigh it’s not that hard guys.

See pic.

If you don’t believe that, please open a massive short on BTC/USDT/whatever you think will go down, and shut the fuuuuuuuck up my god

>>14998068

Liberty Reserve.

Patriot Act means US gov do what they fucking want, wherever they want.

>>14999484
This. essentially.

>>14999811
No it won’t. Maybe for the next day or 2 it’ll spike up. But then it’ll cause the longest crypto winter we’ll see for years.

Tether is fud for idiots. Tulip trusts is fud for actual retards.

Stop believing shit narratives and watch price action.

>>14998885
>>14998987
This means the US keeps the option open from their end retards. They still need a bilateral agreement with the respective nation to have 'jurisdiction'. Most nations dgaf as they follow territorial principle.

>>14997869
shame about the block. they keep involving themselves in shit like this. their reporting bias shows they think NY law is all that matters.

>>14997869
>bitfinex/tether fud in 2019
*yawns*

>>14998053
Yes, the US takes jurisdiction if any of the below are met
1. Contract with a US (((PERSON)))
2. Use USD, even if the transaction gets routed through burgerland
3. use .com/net
4. the US deems they have an 'interest' in the matter

>>14998068
This Anon doesn't understand the world he lives in.

there's a reason he deleted his tweets about being short leo. https://twitter.com/mdudas

the block head of research is a self described statist that trusts the current system.

their clickbait reporting is worthless.

>>15006733
But the guy lied and said he isnt US resident and thus the contract is void, right? So just big FUD.

>>15006797
Nah, the wording is important, laws are simply words, Juris (law) diction (words).
https://www.law.cornell.edu/cfr/text/31/515.329
They have done business with a US (((Person))), the US now has an 'interest' in the matter. The US would say that US law trumps that contract. Tether could sue the individual for committing fraud (but that would be used as evidence that they did business with a US (((person))). They did business with US persons, the US has an 'interest'.

Even Bitmex, they do try to stop US customers by banning US IP addresses, they still let US Persons trade if they show a second passport & are non resident...The only way to not be a US (((Person))) is to renounce. The US will muscle there way in as evidenced by the recent CFTC investigation.
https://www.ccn.com/interview-arthur-hayes-ben-delo-bitcoin-exchange-bitmex/

>>15007076
Got me interested in Bitmex, so I had a look around. Arthur is a US Citizen, so Bitmex is under US jurisdiction.
https://forkast.news/2019/07/05/watch-no-permission-needed-how-arthur-hayes-bitmex-ceo-is-self-made-with-a-multi-billion-dollar-trading-platform/
&
https://www.law.cornell.edu/cfr/text/31/515.329
Don't know why Arthur, hasn't renounced. Expect KYC coming soon.

>>14998609
it's the site's fault actually. you break ToS but the site is responsible for keeping you out legally

I seriously doubt many are holding Tether whoever does is a moron or left holding the bag at this point.

>>14998542
yeah except the porn isn't any kind of threat to the banking industry.
laws are selectively enforced, dipshit.

>>14997869
Both Bitfinex and Tether are fine. If that weren't the case at least one of the two would happen:
1) Other stable coins would see a lot more trading activity on Binance, but people still predominantly use Tether.
2) The price of Tether would be below $1 to reflect the risk of holding it. Currently the collective market believes there is no risk in holding USDT.

Hmmm, who should I believe? Some random people with open shorts trying to create fud or the general market?

>>15007206
>>15007076
Any reasonable law is going to assume that the one who lied on purpose is responsible for damages and such contract is void. USA cant really do much about it, best they can do is block the exchange through DNS (basically what the exchange already does just on the other end).
And BitMEX doesnt even use cash or equivalents. You can only deposit btc so I think they're safe.

>>15007518
the vast majority believe tether is completely fine that's why

FAGGOTS BUY RESERVE PROTOCOL
$RSR AND STFU

btc unironically gonna pump hard tomorrow when this bullshit hearing gets thrown out
BUY NOW

>>15000462
What you don't understand is if you did your research about $RSR RESERVE PROTOCOL. It will obsorb all Stablecoins. RSV stablecoin will replace tether backed buy real collateral. RSR is the investment token that can appreciate in price. RSV is the stable coin.

>>15007645
Bitfinex permitted it to happen on there platform, they are liable as they didn't carry out due diligence.
>Bitfinex's platform permitted users, including individuals and entities that did not meet the definition of an eligible contract participant or eligible commercial entity....
From the summary on page 2 of the below.
https://www.cftc.gov/sites/default/files/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfbfxnaorder060216.pdf

>You can only deposit btc so I think they're safe.
Bitmex setting up in the Seychelles, doesn't matter, Bitmex is under US jurisdiction though Arthur. Thats all I was trying to say. If Bitmex wanted to keep the US out of his affairs (the reason for banning US (((Persons)))) He should've renounced.

>>15007518
You severely underestimate human stupidity and ignorance.

>>15004409
But they don't have a link/usdc/pax pair or whatever do they? As long as i can get some cheap linkies i dont care if i buy at .25 cents or .50 cents.

>>14999484
Refer to >>14999474