No, this isn't true. There's no conservation of matter anywhere. If you take 2 hydrogen atoms and weight them, then bond them together in a hydrogen molecule and weight that, the molecule weights less than twice one hydrogen atom.
There's no such thing as conservation of mass, mass and energy are convertible into each other. But in the real of chemistry that conversion happens on a ratio of at most 1e-7, so when it comes to the human body we might as well say that the weight that goes in must equal what comes out, and that's close enough.
1. Order book, aka enough liquidity, aka moving positions doesn't incur a haircut on your capital.
2. Funding rate stability. aka it doesn't cost much (or actually make you money) to hold the position.
3. Claw-backs, aka you don't wake up one day and find that half your collateral is gone because the market made a big move. This is a big problem especially for Okex.
Basically, a synthetic USD is good if it behaves and yield like a real USD.
BitMEX isn't going through all this trouble and criminal indictment avoiding KYC because people using it are super on the up-and-up and have no problem with validating their identities.
The large majority of synthetic USD trading is speculation and hedging. It's significantly cheaper to trade synthetic USD than actual BTCUSD, so 100% of traders will prefer that.
> Airline standards are the direct consequences of vote with your wallet. No matter what some claim, 99.999% of people will buy the cheapest ticket possible.
For the airline industry, yes. This isn't true in all industries.
