11–20 of 219 posts
I feel like its another case of the tech bubble. The projects with real causes and uses will come back from any implosion in the long run.
So illegal transactions and money laundering it is.
I can’t do that with gold. Bank deposits are always available until they aren’t. But Coinbase can’t do this either.
An important harbinger of trouble to come is that the Tether (USDT) coin, which is supposed to be pegged 1:1 to USD, is now trading substantially below $1: https://www.bloomberg.com/news/articles/2018-10-15/dollar-pe... Billions of Tethers were printed seemingly out of thin air and used to purchase Bitcoin. It's part of the foundation of the house of cards that keeps Bitcoin at its current price: "Despite their modes…
Do we know if it was BTC that was purchased?
I have half a mind to think that people who were smart enough to buy decentralized and scare BTC are different than the people who would buy a centralized fiat coin Tether.
The only people I know that use Tether are gamblers who are day trading alt coins.
It is become more and more apparent every day that Bitcoin is different than Alts.
This is the silliest human endeavor that somehow seems to attract a few smart people too.
I feel like its another case of the tech bubble. The projects with real causes and uses will come back from any implosion in the long run.
So illegal transactions and money laundering it is.
I dont trust my local government's always inflating currency.
More importantly, and I can't stress this enough, the FX value of a cryptocurrency is not directly related to the project's status (developer activity or security track record, etc) but it is correlated to public perception of its value, which is why these sort of article pops up every now and again at regular intervals.
https://www.reddit.com/r/Bitcoin/comments/9niw8x/lightning_n...
Getting my popcorn ready... This is the silliest human endeavor that somehow seems to attract a few smart people too.
Getting my popcorn ready... This is the silliest human endeavor that somehow seems to attract a few smart people too.
Earlier quoted context omitted.
So illegal transactions and money laundering it is.
Iunno, if i were a billionaire, the idea of having $50m under nobody’s control but my own that I can take anywhere, anytime, doesn’t exist anywhere else. I can’t do that with gold. Bank deposits are always available until they aren’t. But Coinbase can’t do this either.