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A comment on The Bit Short: Inside Crypto’s Doomsday Machine.

Re:The Bit Short: Inside Crypto’s Doomsday Machine by mattxvrsmith on Friday January 15, 2021 @02:51PM (#25795447)
Some people want Bitcoin to fail so much that they‘ll believe in literal conspiracy theories if it supports their priors. A legitimate market for hard money is impossible for these people to believe, it must be fraud.
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Re:The Bit Short: Inside Crypto’s Doomsday Machine by gfrangakis on Friday January 15, 2021 @03:16PM (#25795771)
On the other hand, some people want Bitcoin to succeed so much - or rather want the price of Bitcoin to succeed because they speculate on it - that they'll engineer some fraudulent schemes in a relatively unregulated market to support their bank accounts.

I think it's likely a bit of both, but you can't deny there is something unsavory going on with Tether and these offshore exchanges

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