DAI already will you?
Bitfinex has just announced it will list another dozen alts – all of them Ethereum tokens. Given the very public issues the exchange has with Tether, it’s facepalm-worthy that one of these is a stable coin called DAI.
DAI. Could a Bitfinex-supported stable token be more aptly named? Finex has been called out repeatedly about its shady accounting around Tether, not least by us. For many months there was serious concern that they might be running a fractional reserve – essentially creating USDT out of thin air and using it to pump the price of BTC. Now, it seems that a slightly different scam has been operating. Either way, the warning signs about Tether have been there for a long time. Here is our most recent opinion on the Tether situation: https://medium.com/@CryptoInferno/tether-cant-audit-won-t-audit-854703059a5b
It’s extremely concerning that Bitfinex/Tether have not only failed to provide the promised audit, but are now adding many more coins to their exchange. When exchanges get into trouble, they often carry out this kind of exercise, in an almost desperate frenzy of activity to show they are relevant and worth using. But Bitfinex squandered its reputation and advantage long ago. If you need any reminder: trade there at your peril.
For more information about the new Bitfinex listings, read https://news.bitcoin.com/bitfinex-introduces-trading-12-altcoins-including-tether-competitor/
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Thanks for sharing!
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very accurate determination. I agree with you. thanks for this nice info @crypto.inferno
Thanks for the warning about Bitfinex. As I'm learning more about crypto and researching the ones that looking interesting to me, I have realized that I need to deal with several different exchanges. While inconvenient, it also prudent. I will steer clear of Bitfinex. Thanks for the heads up on the situation over there.
this is a very accurate determination. I really agree with you guys. thank you very much for this nice info @ crypto.inferno
btc i think up next week just wait
Unfortunately, I did not have time to create an account on Bitfinex. I hope it will be opened again.
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It's amazing what we can achieve together, blockchain is the web that unites us into a formidable force.
https://steemit.com/bitcoin/@gopikannan/bitcoin-prediction