Re:Tether loaned USDT to investors and illegally traded in N...
by ryanlol on Thursday July 11, 2019 @04:07AM
(#20409908)
Fees are always knowable, the real average confirmation time for transactions with appropriate fees is fixed at 10 minutes.
>But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction
Well yes, but this is known beforehand. There are many mechanisms you could use to hedge your risk here.
Re:Tether loaned USDT to investors and illegally traded in N...
by chx on Saturday July 13, 2019 @02:16AM
(#20426759)
> There are many mechanisms you could use to hedge your risk here.
Do you even hear yourself? We started from very easy to use and now we are at hedging strategies...
Re:Tether loaned USDT to investors and illegally traded in N...
by ryanlol on Saturday July 13, 2019 @08:42AM
(#20427767)
I don’t think I’ve ever said it was very easy. I don’t really have all that many good things to say about cryptocurrencies.
I was merely objecting to your false claims. Bitcoin & co. have enough problems as is, there’s no need to invent imaginary ones.
> The sending costs an unknown amount
Here's you can see historic daily average Bitcoin transaction fees both in dollars per transaction and in satoshis per byte https://bitcoinfees.info/
> takes an unknwon amount of time
Here's the average time for one confirmation: https://coincentral.com/wp-content/uploads/2017/12/Screensho... here
> This is just misleading,
But it's not, there's a time delay between when you initiate exchanging your real money to scam money and the receiver finishes the exchange back and during that time bitcoin can move in any direction.