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RE: RED ALERT - Mt. Gox 2.0 Brewing - Bitfinex May Be Issuing Unbacked Tether To Paper Over Banking Service Loss - What We Think We Know (Part 1)
@lexiconical as you said
"I'm trying to find the post I saw that did the math on it, but that $30m? Tether caused a drop of...like $13 billion. I calculated that if you extrapolated that to 100% of Tether going bad, BTC would see a price drop of -154% with the numbers I had at that time (but, again, I can't find that post). Obviously, that's more than could even happen so really the point is simply..."
In the interest of due diligence, if the post you made reference to can be found it will help alot