Hacker News new | ask | show | jobs
by capableweb 1856 days ago
As someone who been in the cryptocurrency market since ~2015, it's possible to be in that market without actually encountering any of those problems (I've never had those issues for example).

Except the market manipulation, that'd be hard for me to see. It's also a kind of extraordinary claim, so please provide some extraordinary proofs that there actually is manipulation.

Cryptocurrency is a market that everyone should be in, it is after all created for and by everyone. Be careful of putting in money you really need though, and see it as gambling more than anything.

1 comments

"Except the market manipulation, that'd be hard for me to see. It's also a kind of extraordinary claim, so please provide some extraordinary proofs that there actually is manipulation."

I guess that depends on your priors. Given the nature of the market, its opacity, its lack of regulation, the sheer proliferation of the number of cryptocurrencies, the growing interest by large entities like hedge funds with a history of active manipulation, I'd personally consider it the extraordinary claim that there isn't manipulation occurring. Like, if I were to set out to design a fertile ground for manipulations, it would pretty much look like the cryptocurrency space.

So... You want people to provide proof that the cryptocurrency market isn't manipulated? That feels slightly backwards. Usually we want to have proof that something is happening, not proof that something is not happening.

And since you also claim it's do easy to manipulate, wouldn't it be easier to provide proof of this?

When thinking about it, i'm not even sure how I could provide any evidence that it isn't manipulated... Any ideas?

> Like, if I were to set out to design a fertile ground for manipulations, it would pretty much look like the cryptocurrency space.

One tip for your future scam-network: don't design your entire ecosystem around the idea that you want to have a forever-stored global ledger of all the transactions, as it'll be easy to trace everything whenever. Better to have a few entities controlling the ecosystem that the public don't have insight into.

"You want people to provide proof that the cryptocurrency market isn't manipulated?"

That's not what "priors" mean. It simply means that based on my experience of the world and my understanding, I would very heavily assume it is being manipulated. I'm not asking for anything. I already have a solid opinion. If you choose to try to disagree with that with solid evidence, feel free, but I'm not asking you to.

"don't design your entire ecosystem around the idea that you want to have a forever-stored global ledger of all the transactions, as it'll be easy to trace everything whenever. Better to have a few entities controlling the ecosystem that the public don't have insight into."

I think that counts for a lot less than you probably do. Nationstates may be able to back wallets to individual entities, but you and I can not in general. Moreover, I wasn't just talking about BitCoin. Some of the cryptos are even more impenetrable than that.

> I already have a solid opinion. If you choose to try to disagree with that with solid evidence, feel free, but I'm not asking you to.

So I guess you see Hacker News as your platform to share your opinions without wanting to discuss them at all? You might want to refine how you use Hacker News then, as when commenting, it seems that you want to discuss. But since it's clear you do not, maybe it's more appropriate you create a blog and then submit the posts here?

In these days of misinformation, it sucks that people feel like it's fine to write "Exchanges frontrunning you and manipulating the market" without any sort of evidence and when challenged for the evidence, the rebut is "you don't have to believe me and I already believe in what I believe". In particular, it's not the kind of content I hope to see on HN, where many people are open to both providing evidence of their claims and also open to listen to others.