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The logic here is that many people will buy a crashing asset because, if they all cooperate, they can keep the price up. That seems highly unlikely. You can't j
by dash2 6y ago
The logic here is that many people will buy a crashing asset because, if they all cooperate, they can keep the price up. That seems highly unlikely. You can't just will away a bad equilibrium or a collective action problem.
- cecida 6y agoI think this gets to the crux of it. Tether/iFinex isn't just a bad player, it's a bad player that has become the plumbing of the crypto space.