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The one thing this very biased article does for me is highlight that there is a very strong market need/demand for an instrument like tether and that the incumb
by ur-whale 7y ago
The one thing this very biased article does for me is highlight that there is a very strong market need/demand for an instrument like tether and that the incumbent financial system, much like the music industry discovering the internet, is trying to prevent that to happen by any mean necessary.
And they do have way deeper pocket as well as many, many more arms up political puppets to reach that goal.
- arkitaip 7y agoIn what way is the article biased? Why do you think that patio11 is part of the "incumbent financial system"? Do you refute any of the evidence?
- colinhb 7y agoI suspect it's because patio11 is employed by a payment processor, Stripe. Stripe's business is taking a percentage of payments / transfers. One of Bitcoin's usecases is making payments / transfers with lower interchange / wire fees than existing financial system. The argument is the same as saying that someone employed by gun manufactures is biased when writing about proposed gun laws. (I don't have a view on whether patio11's employment has influenced his thinking. I just wanted to suggest what the grandparent's thesis may have been.)
- cycrutchfield 7y agoYeah, how dare Stripe skim money off of transactions! That’s Bitfinex’s job!