A bunch of people were mean to me for asking Tether questions, so figure I’ll just leave it alone now.
Ahahahaha, just kidding: R̶u̶s̶s̶i̶a̶ ̶T̶o̶d̶a̶y̶ Max has roughly tripled my interest.
And anyhow, we haven’t even gotten to the good stuff yet….
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So last night I'm like, “how do I exact righteous nerd vengeance on these impolite rubes?”
And then I said to myself, “Self, let's follow the money like the detectives in the movies!”
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Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf VerifiedFirst, we develop a hypothesis: what we would expect to see if something nefarious was going on, and then we’ll look for it?
Perhaps not a “Karl Popper approved” method of inquiry, but then again what is? (properly using a brain is quite hard…)
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And I concluded that what I'd expect to see is capital flight from USDT-only exchanges to USD-enabled exchanges.
This may be confusing to some, so let's unpack what I mean first.
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Some have actual Dollars and some only have Tethers. A few have both. If you want dollars, you have to get them from the former.
Curiously, the tether-only ones are where you get insane leverage, but lets save that for the next time RT-Max stops by.
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So if some cynical, secretly-fiat-believing actor were to do something of dubious intent, wed expect to see capital migration toward real dollar exchanges.
What would that look like? Well, I wasn't sure until I dug in.
And then I was like “holy shit.”
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