Crypto Market Roiled by New Allegations Against Tether, Bitfinex

Re:Crypto Market Roiled by New Allegations Against Tether, B... by rsynnott on Thursday April 25, 2019 @07:40PM (#19753560)

You may remember the implosion of mtgox, and people buying mtgox ‘dollars’ at a discount. There’s always a greater fool, apparently.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by gruez on Thursday April 25, 2019 @07:57PM (#19753660)

Wait, what's so foolish about buying debts for a discount? There's an entire industry (collections) devoted to that. Sure, that time they lost, but hindsight is 20/20.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by Forbo on Thursday April 25, 2019 @08:12PM (#19753733)

Mt. Gox bankruptcy claims proceedings are marching along slowly, so I wouldn't say that they've lost just yet.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by jeremyjh on Thursday April 25, 2019 @08:18PM (#19753760)

That is right, it is an industry. It has established risk models. It has norms and remedies. Most importantly, it has the triumvirate of debt worthiness (aka credit bureaus) at it's beck and call.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by JaleDarvis on Thursday April 25, 2019 @11:26PM (#19754604)

It had to start somewhere didn't it?

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by conanbatt on Friday April 26, 2019 @12:49AM (#19754934)

If you bought btc at a discount at mtgox you are mega rich now.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by asynchrony on Friday April 26, 2019 @01:23AM (#19755045)

If and only if you got your btc out of mtgox.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by conanbatt on Friday April 26, 2019 @06:09PM (#19762192)

MtGox paying out with the remaining funds.

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