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by 4512124672456
1652 days ago
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> The thing I think driving Bitcoin is that all the other assets that can absorb billions of dollars in liquidity are throughly manipulated. Bitcoin can be just as much manipulated, if not more, because there's barely any regulatory oversight. Remember the two bots that traded Bitcoins with each other on Mt Gox to drive the price up (https://www.theguardian.com/technology/2014/may/29/bitcoin-b...)? What makes you think something like this doesn't exist anymore? Especially with the Tether guys at the helm, who have been proven to lie in the past (https://ag.ny.gov/press-release/2021/attorney-general-james-...), Bitcoin and other cryptocurrency investors should be worried. |
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indeed. decentralization of mechanical infrastructure =/= decentralization of human control over said infrastructure.
if anything, the former serves mainly to obfuscate the latter, rather than eliminate it.