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I've been in the cryptocurrency-space since 2012. If anybody (back then) ever traded you a popular website's monthly membership for "just 1BTC"... thank you. >

I've been in the cryptocurrency-space since 2012. If anybody (back then) ever traded you a popular website's monthly membership for "just 1BTC"... thank you. >That's... not convincing. Tether is a toxic creation within the cryptomarketcap, similar (metaphorically) in nature to how [some] hedge funds [can] use dark pools to make non-public trades, ensure public fund liquidity, obscure equitability, lie, cheat, steal; etc. Don't ever forget that YOU ARE JUST DUMB MONEY — all the bells&whistles are intended to get the money to it$ rightful corporate owner [1]. Tether's implosion (hopefully `when`, not `if`) would rock the entire cryptomarketcap; but ultimately would return the cryptocurrency-space to the principles founded within Satoshi's fundamental "white paper" [e.g. unlimited block sizes, no lightning/segwit, PoW, verifiable self-accountability]. I'll keep holding my breath, but until then... I'll keep HODL'ing. [1] "I can spend it better" I once heard a philanthropist laugh to his subordinate.

evdubs 3y ago
> hedge funds use dark pools to make non-public trades, ensure fund liquidity, equity, lie, cheat, steal; etc. No one is using dark pools to "lie, cheat, steal, etc." Plenty of market participants (including retail) use dark pools for goals like price improvement or sophisticated order handling like TWAP orders. Dark pools would not be possible without the lit markets that we all know and enjoy. All of these dark pool executions are reported to FINRA.
- ProllyInfamous 3y ago
  If you believe in a fair market with competant reporting requirements to functional agencies... I've got an Eiffel Tower to sell you. I accept bitcoin.
  - evdubs 3y ago
    If you believe there is more fraud in the securities markets than there is in the Bitcoin markets, I have some stolen North Korean Bitcoin to sell you.
    - ProllyInfamous 3y ago
      =D [This was legitimately a fun interaction, thanks for your perspective]
smoldesu 3y ago
> ultimately would return the cryptocurrencty-space to the principles founded within Satoshi's fundamental "white paper" [e.g. unlimited block sizes, no lightning/segwit]. I think you're right about that, but I'm not sure things would end any better with a traditionalist approach. L1 cryptocurrencies are still fundamentally broken right now, if people found out that L2 chains were a scam it would probably dilute a lot of the interest in crypto as a whole. > but until then... I'll keep HODL'ing. Fortune is a fickle business.

evdubs 3y ago

> hedge funds use dark pools to make non-public trades, ensure fund liquidity, equity, lie, cheat, steal; etc. No one is using dark pools to "lie, cheat, steal, etc." Plenty of market participants (including retail) use dark pools for goals like price improvement or sophisticated order handling like TWAP orders. Dark pools would not be possible without the lit markets that we all know and enjoy. All of these dark pool executions are reported to FINRA.

ProllyInfamous 3y ago
If you believe in a fair market with competant reporting requirements to functional agencies... I've got an Eiffel Tower to sell you. I accept bitcoin.
- evdubs 3y ago
  If you believe there is more fraud in the securities markets than there is in the Bitcoin markets, I have some stolen North Korean Bitcoin to sell you.
  - ProllyInfamous 3y ago
    =D [This was legitimately a fun interaction, thanks for your perspective]

smoldesu 3y ago

> ultimately would return the cryptocurrencty-space to the principles founded within Satoshi's fundamental "white paper" [e.g. unlimited block sizes, no lightning/segwit]. I think you're right about that, but I'm not sure things would end any better with a traditionalist approach. L1 cryptocurrencies are still fundamentally broken right now, if people found out that L2 chains were a scam it would probably dilute a lot of the interest in crypto as a whole. > but until then... I'll keep HODL'ing. Fortune is a fickle business.