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A comment on Web3? I have my DAOts. Parent comment

Re:Web3? I have my DAOts by JacobThreeThree on Monday December 06, 2021 @11:20PM (#29469024)
BTC futures moves the price of BTC. So you don't even need any BTC to manipulate the price of BTC.
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Re:Web3? I have my DAOts by theK on Tuesday December 07, 2021 @01:28AM (#29469585)
No, you need real money backing a credit line and collateral. Same as in any other futures business. This isn’t a new correlation, it is society driving the value of society’s creations.
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Re:Web3? I have my DAOts by JacobThreeThree on Wednesday December 08, 2021 @01:05PM (#29488169)
Right, and futures markets have been proven to be the preferred vehicle for price manipulation.
[ Parent | on HN ]