Tether will not freeze Tornado Cash addresses

Re:Tether will not freeze Tornado Cash addresses by rcohngru on Wednesday August 24, 2022 @07:57PM (#32587512)

There are two sides to every trade. Who would be willing to give up their BTC and ETH for banned Tether?

[ Parent | on HN ]

Re:Tether will not freeze Tornado Cash addresses by octoberfranklin on Thursday August 25, 2022 @03:08AM (#32590545)

If the crash is bad enough: Tether itself. Or Bitfinex, its parent.

If they buy up their own debt at $0.01 on the dollar then they got away with their fractional reserving scheme, and their executives walk free. Free and very wealthy.

There is always a clearing price. The question is simply "how low"?

[ Parent | on HN ]

Re:Tether will not freeze Tornado Cash addresses by JohnJamesRambo on Wednesday August 24, 2022 @10:23PM (#32588659)

My experience in crypto tells me that there is usually always someone willing to be on the other side of the trade. People exiting Tether would still be exiting through a smaller and smaller door of BTC and ETH going up and up. More and more desperate to pay any price to exit Tether.

[ Parent | on HN ]

Re:Tether will not freeze Tornado Cash addresses by JumpCrisscross on Thursday August 25, 2022 @01:10AM (#32589762)

> there is usually always someone willing to be on the other side of the trade

This is usually true in financial markets. When it's not, we call it a crisis.

[ Parent | on HN ]

Re:Tether will not freeze Tornado Cash addresses by imtringued on Thursday August 25, 2022 @09:14AM (#32593278)

But at what price? Will tethers be sold to debt collectors for pennies?

[ Parent | on HN ]