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/biz/ - Business & Finance

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26011249 No.26011249 [Reply] [Original]

Why the fuck did the Tether printer stop printing all of a sudden?

>> No.26011321

they swipped the flip

>> No.26011323

>>26011249
No internet connection in prison to print from.

>> No.26011356

>>26011249
They sold bitcoin at $39k and are waiting for it to hit $32k to start printing again

>> No.26011377
File: 208 KB, 500x500, 1607897975202.jpg [View same] [iqdb] [saucenao] [google]
26011377

>>26011249
Also wondering why they went from 1B printed every 2.5 days to nothing for the last 4-6 days...

>> No.26011427

>>26011249
They couldn't keep up with the privacy improvements in OXEN, valid reason tho

>> No.26011453

>>26011377
That's the concerning part.

It seems unlikely that 400m a day in demand just... evaporated 5 days ago, right before a court case deadline. Uh, what?

>> No.26011455

>>26011377
it's actually really simple. prior to 4 days ago the market had a premium on USDT so they keep printing to push that back to even.
Now there's a discount on USDT so they have stopped, if it gets too far out, expect burns.

>> No.26011523

>>26011455
is that why the price increases have stalled? I'm waiting for $50k minimum to cash out this cycle.

>> No.26011911

>>26011249
https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3