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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by zhjansbnas on Wednesday January 17, 2018 @01:27AM (#16165911)
How does the printed tether enter the market?
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by andypants on Wednesday January 17, 2018 @04:18AM (#16166583)
Bitfinex buys cryptos with them on their own exchange. They get free cryptos, and everybody else gets monopoly money in exchange. Tether is such a scam it's unbelievable.
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by bhouston on Wednesday January 17, 2018 @10:18AM (#16168566)
Bitfinex should then sell that crypto for real USD on other exchanges. They could make a killing and then somehow launder the money so that when the Tether scam is exposed, they are safe with real hard USDs.
Re:BitConnect Closes Exchange as States Warn of Unregulated ... by jiggunjer on Wednesday January 17, 2018 @02:18AM (#16166102)
I'm guessing the company offers them on some exchange, maybe slightly discounted.