+0.0
net board stance
what this means
1.0
+0.0% · close 2026-09-08
+0% / +0% / -0%
1m / 3m / 12m
-86%
vs SPY since 2021-08-06
51%
of 52w range · -0.2% off high
—
hit rate as primary
Where we stand — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 45 EPISODES —
rising = the besties are building this position, falling = abandoning it. Replayed from
score_events; an idea counts from birth until its window closes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on cg:tether
No closed window has used this ticker as its primary play, so there is no scored record here yet. Adjacent plays are listed but never scored.
| idea | call | play | verdict | R | α | closed |
|---|---|---|---|---|---|---|
| 🪙 Tether is a fraud and the peg breaks | ▼ SHORT | adjacent | PARTIAL | +0.0% | +5.3 | 2022-08-06 |
The tape — what was actually said
every capture on any idea holding cg:tether, newest first · quotes verbatim, timestamps deep-link into the episode
Well, we're not participating directly, but we support as many assets as people want to use. And that is one of the ones that we've supported people to deposit and withdraw in Coinbase. ... I'm not an expert on Tether. My understanding is that there have been some investigations and enforcement actions which have required them to go in there and clean up some things. And our digital asset listing group kind of looked at a lot of this in depth and made that judgment call that where they were and where they are now.
They've been banned in New York. They've had regulatory action in Canada. People are concerned about their attestations or lack of clarity on their commercial paper.
And the fine was 42 million, which is like, who fucking cares 42 million? And it was between them and another firm. So either the CFTC completely got the fine wrong and they missed a zero or two zeros, or this was not nearly as big as you thought it was.
My guess is that Tether is solvent. I don't think it lacks solvency.
Bitfinex and Tether were the same company. That's why they both got the fines at the same time. ... So I think this is the beginning of the end, not the end of the beginning.
We should get all the fancy all in pod. We're going to declare a certain time and date where and we encourage everyone who's in Tether to pull out a Tether to stress the system and see what happens.
But I will say that my fraud of the moment, the one that's making my Spidey sense go crazy is Tether. USDT. These guys are, I mean, this feels like it is going to be a 60 billion. ... And then over time, we find out maybe they don't have a dollar in their bank account for each one. The New York Attorney General finds them $18 million says you can't work with anybody in New York. They say we're not a fraud. And I'm like, well, what about the Attorney General who said you were a fucking fraud?