21–30 of 56 posts
Earlier quoted context omitted.
I believe the price of Bitcoin is completely fixed by the exchanges themselves, so it doesn’t surprise me.
Given there are thousands of spot markets I find it absurdly unlikely that a cartel could fix the price let alone keep such a conspiracy secret.
apparently, unlike ordinary HN people US Gov don't care it "can't buy a coffee in my local deli for Bitcoin"
> With respect to the 51,351.89785803 Bitcoin forfeited in the Ulbricht case before Judge Schofield, the Government has begun liquidating (selling) it. On March 14, 2023, the Government sold 9,861.1707894 BTC (of the 51,351.89785803 BTC) for a total of $215,738,154.98. How and where would a sale like this take place? An auction? Is there any public information about this sale?
> With respect to the 51,351.89785803 Bitcoin forfeited in the Ulbricht case before Judge Schofield, the Government has begun liquidating (selling) it. On March 14, 2023, the Government sold 9,861.1707894 BTC (of the 51,351.89785803 BTC) for a total of $215,738,154.98. How and where would a sale like this take place? An auction? Is there any public information about this sale?
> With respect to the 51,351.89785803 Bitcoin forfeited in the Ulbricht case before Judge Schofield, the Government has begun liquidating (selling) it. On March 14, 2023, the Government sold 9,861.1707894 BTC (of the 51,351.89785803 BTC) for a total of $215,738,154.98. How and where would a sale like this take place? An auction? Is there any public information about this sale?
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"Ross was not convicted of selling drugs or illegal items himself, but was held responsible for what others sold on the site." Ultimately the sentence reflects the governments urgent, non negotiable and final position as arbiter of trade in its capitalist economy. Without this stringent check the market would be free to sell everything from bootleg kidneys to child slaves. This sort of libertarian absolutionist malar…
Earlier quoted context omitted.
Literally impossible.
But many exchanges have been caught doing this already. FTX for example was clearly price fixing by using there own coins to prop up bitcoin.
This is also a clear example of how difficult it is to prop up a coin, even relatively illiquid ones like the FTX coins. FTX could sort of prop up their own coins, but not really. They couldn't move prices high enough to keep lenders from recalling capital, and they couldn't support prices at all when there was a confidence crisis before the collapse.
apparently, unlike ordinary HN people US Gov don't care it "can't buy a coffee in my local deli for Bitcoin"
Same as when they auction off other proceeds of crime. Cars, properties, small planes, jet skis, jewelry...
Earlier quoted context omitted.
"Ross was not convicted of selling drugs or illegal items himself, but was held responsible for what others sold on the site." Ultimately the sentence reflects the governments urgent, non negotiable and final position as arbiter of trade in its capitalist economy. Without this stringent check the market would be free to sell everything from bootleg kidneys to child slaves. This sort of libertarian absolutionist malar…
What is a pinkerman
Earlier quoted context omitted.
"Ross was not convicted of selling drugs or illegal items himself, but was held responsible for what others sold on the site." Ultimately the sentence reflects the governments urgent, non negotiable and final position as arbiter of trade in its capitalist economy. Without this stringent check the market would be free to sell everything from bootleg kidneys to child slaves. This sort of libertarian absolutionist malar…
What is a pinkerman
https://en.wikipedia.org/wiki/Pinkerton_(detective_agency)
They have a colorful history of at one point being hired guns and were used by companies to violently end labor strikes.
Interestingly enough the Pinkerton agency still exists.