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Well, Bloomberg probably has some actual cash. The crypto guy has a bunch of tokens he needs to turn into usable money. So he has a interest in keeping the pric
by johnpowell 7y ago
Well, Bloomberg probably has some actual cash. The crypto guy has a bunch of tokens he needs to turn into usable money. So he has a interest in keeping the price up while he slowly exits without crashing the price.
- elliekelly 7y agoBloomberg also has a lot of pricing and other financial market data that he needs to turn into usable money. Most (but not all) of Bloomberg’s editorial content furthers that interest in one way or another.
- seibelj 7y agoHonest question - does it bother you every day that any cryptocurrency is valued above $0? Does this violate you intellectually?
- boznz 7y agoThis doesnt sound like a "honest question" to me.
- dang 7y agoThis seems like a good place to quote the latest HN guideline: "Have curious conversation; don't cross-examine." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html That's implied by the other guidelines already, and is certainly the spirit of the site, but some redundancy seems needed for clarity.