Re:On the Looming Bitcoin Bubble
by rtempaccount1 on Sunday May 12, 2019 @04:28PM
(#19894352)
That seems to assume that Bitfinex can repay them, which is in no way clear.
If Bitfinex can't cover the loss, they're insolvent. If everyone redeemed their Tether, it's not a delay it's "you're not getting all of your money back"
As Bitfinex's finances are far from transparent, it's not clear if they're insolvent or not...
If Bitfinex can't cover the loss, they're insolvent. If everyone redeemed their Tether, it's not a delay it's "you're not getting all of your money back"
As Bitfinex's finances are far from transparent, it's not clear if they're insolvent or not...