Worries Grow That the Price of Bitcoin Is Being Propped Up

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by jandrese on Thursday February 01, 2018 @10:49AM (#16282678)

  “It’s a signal to the market of what those who have
  scrutinized the situation already believe: There is a 
  problem here,” said Jill Carlson, a former trader at Goldman
  Sachs who now consults with a variety of virtual currency 
  companies. “The dissolution of a relationship between an 
  auditor and a company is very rarely a good sign that the
  company is behaving in accordance with market best practices.”

When you're getting dunked on by Goldman Sachs for being unethical, you know you have a problem.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by epmaybe on Thursday February 01, 2018 @11:00AM (#16282802)

I know what you said is in jest, but did you read what you quoted? The individual in question worked at goldman sachs as an analyst/trader for maybe 3 years (AngelList), and hasn't worked there in at least two years.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by afjl on Thursday February 01, 2018 @11:26AM (#16283084)

This is actually very common, especially in "bulge" tier companies. My best friend interned at GS and has accepted a job there; apparently, all newly-hired analyst/traders bust their ass for the first 2 or 3 ish years before getting "hired away" by a better paying, less demanding company (typically in private equity, VC, asset management, etc). Same happens in the accounting industry.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by Cthulhu_ on Thursday February 01, 2018 @11:04AM (#16282850)

Yeah, it's a bit of a trope like "worked at NASA" (atm over 17.000 people work at NASA). "Worked at" means nothing; show us some achievements.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by olodus on Thursday February 01, 2018 @12:05PM (#16283488)

I cleaned those NASA-toilets super clean, good sir, so I find no reason why you shouldn't trust me on my knowledge about aerodynamics!

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by Jach on Thursday February 01, 2018 @02:25PM (#16284953)

The new Star Wars movies have cemented that this is acceptable.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by devopsforlyfe on Friday February 02, 2018 @01:52PM (#16293132)

Knowledge of fluid dynamics, on the other hand... :-)

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by joncrane on Thursday February 01, 2018 @02:48PM (#16285193)

To be fair, a lot of those companies have very rigorous hiring standards. Also many are pretty quick to let people go.

So "hired by GS then left on my terms" is actually a pretty good credential.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by serg_chernata on Thursday February 01, 2018 @10:51AM (#16282702)

I agree with your sentiment but come on. It's not like there are instances where GS would say "this seems slightly unethical, but so are we".

You're implying they ever admit wrongdoing.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by Waterluvian on Thursday February 01, 2018 @10:54AM (#16282736)

Respectfully, it's a comment in jest not deserving of such logical scrutiny.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by JustSomeNobody on Thursday February 01, 2018 @11:26AM (#16283077)

Respectfully, HN simply does not do jest very well.

Edit: See what I mean?

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by nothrabannosir on Thursday February 01, 2018 @11:39AM (#16283230)

No, you’re getting downvoted because your comment adds nothing to the conversation. You’re saying the same as your parent comment, and that one is not being downvoted, so clearly it’s not the message that people disagree with.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by mtgx on Thursday February 01, 2018 @11:07AM (#16282888)

And yet they were able to print like 800 million USDT a month after being subpoenaed by the US government.

Strange, no?

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by JonnyNova on Thursday February 01, 2018 @11:28AM (#16283107)

Not necessarily. I don't believe Tether has the backing they claim. Given that though, the subpoena wasn't public yet and it is plausible clients may have been continuing to send Tether money during that time.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by dharma1 on Thursday February 01, 2018 @11:27AM (#16283098)

This is what I thought about too. So either they just thought screw it, let's make hay while the sun shines, the feds will never get us - or they are legit

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by tim333 on Friday February 02, 2018 @03:14AM (#16289183)

I'm not sure the US govt has any direct jurisdiction to stop them. And the investors receiving the USDT probably weren't aware of the subpoena.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by ForRealsies on Thursday February 01, 2018 @10:51AM (#16282703)

That or they're jealous.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by cptskippy on Thursday February 01, 2018 @10:59AM (#16282796)

Why not both?

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