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A comment on An $814M Mystery Near the Heart of the Biggest Bitcoin Exchange. Parent comment

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by rsynnott on Tuesday December 05, 2017 @02:06PM (#15854672)
> Smart money can sell tethers

I don’t think that many people are really holding onto tethers all that much; who has tethers to sell? Bitfinex itself?

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by b1daly on Tuesday December 05, 2017 @09:48PM (#15858102)
Current issuance of tethers is ~$850m, according to the story told by Tether/Bitfinex, these should be held mostly by users. There’s no reason for exchanges to hold (unless they were buying for their own account).
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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by rsynnott on Tuesday December 05, 2017 @11:48PM (#15858609)
Presumably when redeemed for money they go back to tether/bitfinex?
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