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OK, so if you're saying that the entire crypto world is operating on a giant fake dollar Ponzi scheme, then how can a US-regulated exchange like Coinbase (who o
by dannyw 5y ago
OK, so if you're saying that the entire crypto world is operating on a giant fake dollar Ponzi scheme, then how can a US-regulated exchange like Coinbase (who operates another stablecoin, USDC) be listed on the NASDAQ?
You'd think no one in the entire US government apparatus would let the SEC know?
> The next economic downturn will wipe out the whole exercise.
People have been calling the demise of bitcoin since 2008.
- AndrewStephens 5y agoDon't get me started on things like the Coinbase IPO and Greyscale. These are just other ways for insiders to cash out of crypto without actually removing liquidity from the very thin markets, by effectively selling shares in a pile of crypto without selling the crypto itself. Both Coinbase and Greyscale are trading at a significant discount at the moment but that doesn't really matter for the insiders. If they cash out 80 cents of real money to 1 dollar of crypto then they are still doing well.