PART ONE CAN BE FOUND HERE
PART TWO CAN BE FOUND HERE
Cas Piancey, my writing partner and friend, and I are doing several episodes on the history and controversy surrounding Bitfinex and Tether.
This episode is focused on questions we have gotten about Bitfinex and Tether.
You can find the episode here: https://anchor.fm/cas-piancey/episodes/Tether-QA-ev2aun/a-a594gfe
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There is a brand new DeFi protocol that lets you immediately take out a loan for half your collateral and the protocol will automatically pay back your loan. Financial magic, involving transmuting one coin, into another, while depositing one in a pool, magically you can get a loan and have no risk of liquidations (not really but that’s what people are claiming [1, 2, 3, 4, 5, 6, and the coup de grace their website (archive)]). I think this protocol is flawed. You can find the whitepaper here. (Archive) (My copy)
Tether has released a brand new attestation (archive) (my copy) showing that they are fully backed! Well, it shows that for at least one entire minute Tether was fully backed.
Continue reading “Tether’s New Attestation: Thanks For Nothing”
This is one of my most in-depth analyses yet. You can find the interactive version of this article here: note this may take a minute or two to build, but it allows you to manipulate my code and see how I worked through the assumptions. Otherwise I will do my best to recreate it below:
Continue reading “FEI Protocol Analysis”
I wrote a piece about Dai in which I suggested it was vulnerable to certain black swan events that I felt were not being given appropriate consideration. I do still feel that those are accurate opinions, however, I have also come to appreciate more of the ethos surrounding Dai.
Continue reading “Dai and MKR: So Close”
PART ONE CAN BE FOUND HERE
PART THREE CAN BE FOUND HERE
Cas Piancey, my writing partner and friend, and I are doing several episodes on the history and controversy surrounding Bitfinex and Tether.
This episode is mostly focused on the post hack history. We discuss banking, insolvency, and unbacked Tethers.
You can find the episode here: https://anchor.fm/cas-piancey/episodes/Tether-A-Stable-Discussion-Part-II-es1dgc/a-a4sa0qn
To subscribe to my blog please enter your email:
PART TWO CAN BE FOUND HERE
PART THREE CAN BE FOUND HERE
Cas Piancey, my writing partner and friend, and I are doing several episodes on the history and controversy surrounding Bitfinex and Tether.
This episode is mostly focused on the early history of Bitfinex and Tether, leading up to the second Bitfinex hack. Next episode we should hopefully get into some of the backing issues that the New York Attorney General helped expose.
You can find the episode here: https://anchor.fm/cas-piancey/episodes/Tether-A-Stable-Discussion-erhp88/a-a4qn2vm
To subscribe to my blog please enter your email:
I have been pursuing frauds for the last several years. I love it. However, it can be emotionally taxing to work on this kind of project.
Continue reading “The Emotional Experience of Pursuing Frauds”
If you spend any significant amount of time on crypto twitter, especially as a contrarian or a skeptic, you will inevitably come across accounts that seem less than genuine. These bots, sock puppets, or intelligence deficient accounts are a nuisance, but their role in crypto is more complex than their limited speech will convey.
Continue reading “Sockpuppets, Bots, and Crypto: Oh My!”