by InternetPerson on 7/21/21, 4:44 PM with 45 comments
by vlucas on 7/21/21, 9:39 PM
by InternetPerson on 7/21/21, 7:58 PM
It highlights the role that Tether plays. "[W]henever Bitcoin’s price began to fall, Tether was issued by Bitfinex and sent to two other exchanges, where it was used to buy Bitcoin – which would then rise in price."
by tracedddd on 7/21/21, 6:27 PM
Not quite correct. The wealthy and powerful can be wealthy and powerful and express their interests. They just have no special powers, as crypto currencies aim to be permissionless and deregulated.
That means price manipulation or other financial games are largely quite ok by crypto standards so long as anyone is invited. It’s anti-bank and anti-government.. not anti-capitalist or anti-finance.
Whether you are on board with this vision or if it’s good for society is another issue, but crypto is largely fulfilling its goals in my opinion.
by prohobo on 7/21/21, 7:20 PM
by coralreef on 7/21/21, 6:56 PM
iPhones wont sell well because they don't have keyboards. All you can do is download fart apps? Waste of money.
Etc.