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Has anyone else thought about the risks of one or more national actors doing macro scale pump and dumps of cryptocurrencies combined with viral memes targeting
by blurbleblurble 5y ago
Has anyone else thought about the risks of one or more national actors doing macro scale pump and dumps of cryptocurrencies combined with viral memes targeting populations of their adversaries tricking them into buying the top/selling the bottom?
- inter_netuser 5y agoYou’ve just described the daily status of crypto. However, it is apparently much more robust than traditional finance. Rapid drops of 50%+, that would be devastating if it were to happen in sp500 or bond markets, did not destroy crypto markets despite huge amounts of high leverage. Maybe it is too small to matter still, but either way I would much rather worry about traditional finance.