Andrew Rennhack's Anti-Tether Crusade
cryptocurrency·@sofiapaskal·
0.000 HBDAndrew Rennhack's Anti-Tether Crusade
Yesterday a friend sent me this Twitter account (https://twitter.com/andr3w321) saying "the guy discovered that 99% of crypto trades are fake". I started shaking in anticipation. Well, my nerve went away quickly. Andrew is spending some time by proving the following logic: Tether has limited conversion to USD (only Kraken) => USDT hence is not real money => all trades of BTC, ETH and so on to USDT are null => what is traded to USDT shall be considered fake volume https://steemitimages.com/DQmVXR9cEkYufxQjb9AqXURVVxBBDZjL93WoVYfHZfcxZ6Y/trading_volume.jpg Tether situation is big enough to have a separate discussion (which I will initiate). In the mean time, treat this file by Andrew as a mere extraction of crypro/crypto trades vs crypto to fiat. Quite illustrative anyway. https://docs.google.com/spreadsheets/d/1pIrTYpJZrGbeI9QTIWGwYdRmz9FFY_KRpXOcZbjwYu8/edit#gid=0 <p><strong>You can contact me via</strong></p> <ul> <li><em> Linkedin <a href="https://www.linkedin.com/in/sofia-paskal-5393b368/">Sofia Paskal</a></em></li> <li><em> E-mail sofia@morecommunications.ru</em></li> <li><em> Or Telegram @sofiapaskal</em></li>