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Honestly I've been saying lots of bad things about him, but at least he dropped the facade and was a little honest, the thing he said about other exchanges and
by chaosbolt 4y ago
Honestly I've been saying lots of bad things about him, but at least he dropped the facade and was a little honest, the thing he said about other exchanges and even traditional finance is true, a bank run on any exchange would cause the same result, do you think Coinbase just won't do fractional reserve? Of course they are... and people experience it at every single market fluctuation where withdrawals get paused for 6 hours at times, and of course traditional finance is even worse, they print trillions, lend them to the government who then gives it to Blackrock to buy company bonds, and Blackrock loves ESG, and even SBF knows that shit is a meme. Then we get to pay interests on that printed loan through taxes, but also through inflation...
But hey like Carlin said, it's a big club and you're not in it.