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A comment on Bitfinex and Tether required to end all trading activity with New Yorkers. Parent comment

Re:Bitfinex and Tether required to end all trading activity ... by ForHackernews on Tuesday February 23, 2021 @09:38AM (#26237748)
Sort of. There are many many people hyping Bitcoin (and various bitcoin-adjacent projects: mining rigs, wallets, dodgy unregulated exchanges, etc.), and most of them have a vested financial interest in it.

BTC didn't get to the price it is today on the backs of a few cypherpunks experimenting with decentralized digital currency technology.

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Re:Bitfinex and Tether required to end all trading activity ... by CarelessExpert on Tuesday February 23, 2021 @10:09AM (#26238120)
> Sort of. There are many many people hyping Bitcoin (and various bitcoin-adjacent projects: mining rigs, wallets, dodgy unregulated exchanges, etc.), and most of them have a vested financial interest in it.

You've basically described commerce.

Pick a random asset class--stocks, real estate, commodities, etc--and ask yourself: are there people who are hyping that asset who have a vested financial interest in it?

The answer is almost certainly "yes" in every case.

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Re:Bitfinex and Tether required to end all trading activity ... by ForHackernews on Tuesday February 23, 2021 @11:38AM (#26239332)
In the less-scammy world of regulated finance, there are rules about disclosure and the SEC will come after you for running a pump-and-dump scheme.
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