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Prevailing theory is that the price is manipulated by the bitcoin central bank, aka Bitfinex's Tether minting & counterfeiting scheme. https://www.reddit.com/r

• rothbardrand 9y ago
  Not only are you linking to reddit, you're linking to the sub reddit with the least educated bitcoin users in it. That sub reddit is where people who don't understand enough about bitcoin to be able to discern that SegWit is, in fact, block size increase to up to 4MB, hang out.
  • blusterXY 9y ago
    ironic
  • uncletammy 9y ago
    > Not only are you linking to reddit... Yep, we certainly live in strange times when the most useful source for information about certain financial markets is Reddit. That is truly the case though. Most of the active developers for every client as well as the largest stakeholders in the entire crypto ecosystem are on Reddit. >... you're linking to the sub reddit with the least educated bitcoin users in it Nope. They are linking to the sub where the least educated people's voices are still allowed to be heard. The other subreddit has been turned into the very thing Bitcoin was built to destroy. > ... SegWit is, in fact, block size increase to up to 4MB You're welcome to discuss this opinión over at https://reddit.com/r/btc https://reddit.com/r/btc EDIT: formatting
• CryptoPunk 9y ago
  This isn't the "prevailing theory". This is FUD: https://www.reddit.com/r/ethtrader/comments/6yqk8i/the_truth_about_bitfinex_and_tether/ https://www.reddit.com/r/ethtrader/comments/6yqk8i/the_truth...
  • nosuchthing 9y ago
    https://steemit.com/bitfinex/@gaitan/bitfinex-ceo-suspected-of-a-ponzi-scheme https://steemit.com/bitfinex/@gaitan/bitfinex-ceo-suspected-... Raphaelle Nicole, the CEO of Bitfinex invested in the past years in a number of ponzi schemes and also supported Trendon Shavers, who was found guilty recently for "a classic ponzi scheme" and was sentenced to 18 months in prison. In 2012, Raphaelle tried his own ponzi scheme: “When I need more coins than I have to fill an order, I will ask everyone that previously “registered” with me to lend me some btc. After 7 days, I will return all of it, principal + 2% interests [per week]…. Now the questions you might have: What could you do to make so much profit? Let just say that I do “arbitrage”: I buy low and sell high.” https://bitcointalk.org/index.php?topic=101345.0 https://bitcointalk.org/index.php?topic=101345.0 Now that Pirateat40 closed down his operatations thanks to all the fud that was going on and growing on the forum, I expect everyone that spreads this fud, accused and insulted Pirate and the people that supported him to apologize. Not only did Pirate brought us a great opportunity for investors (once in a lifetime actually), he did help stabilise and grow steadily bitcoin price, volume exchange, and thus contributed to the success of bitcoin. For that, Pirate, I want to thank you. You've done a wonderful work, and I hope you're stay around here. Now, apologies on. https://www.reddit.com/r/Bitcoin/comments/666b7b/why_you_should_not_trust_bitfinex/ https://www.reddit.com/r/Bitcoin/comments/666b7b/why_you_sho... https://www.reddit.com/r/Bitcoin/comments/3igv0r/bitfinex_pretty_sure_we_are_dealing_with_amateurs/ https://www.reddit.com/r/Bitcoin/comments/3igv0r/bitfinex_pr...