>>> We know they don't have full reserves because we know 30% of them were seized. [1]
You suspect they don't have full reserves because you know 30% of them were seized. Presuming "full reserves" means 1:1 backing (what else could it mean, here?), your statement assumes they had exactly 1:1 reserves before the seizure. If they had more than that, your assumption could end up false.
So sure, you suspect. From what I've read in this thread, I tend to agree. But I fail to see how you know.
Re:Bitcoin Halving Just Occured
by GoblinSlayer on Tuesday May 12, 2020 @09:57AM
(#23154026)
Better call it economics. Not like there's difference, but economics is better for PR.
Re:Bitcoin Halving Just Occured
by arcticbull on Tuesday May 12, 2020 @01:54PM
(#23157234)
No, there's a big difference lol, the economy is managed and administered at the will of the people to benefit the people. This fraud is being administered by a shady cabal in the BVI with offices in Hong Kong to the benefit of themselves.
We know they don't have full reserves because we know 30% of them were seized. [1]
> ...but whatever they are doing is working very well.
Frauds work until they don't.
[1] https://cointelegraph.com/news/head-of-crypto-capital-arrest...