Coinbase CEO: we're preparing to go to court with the U.S. SEC

Re:Coinbase CEO: we're preparing to go to court with the U.S... by arcticbull on Tuesday April 18, 2023 @11:28AM (#35615296)

> That’s a FAAAAAAAAAAR more speculative asset than crypto and yet it still trades at higher volume than crypto does.

The difference is that most volume in crypto is fake, and the price is controlled by a small cartel of exchange owners and an $82B Bahamian counterfeiting operation whose 'bank' is run by the creator of Inspector Gadget. That's the risk that's not disclosed.

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Re:Coinbase CEO: we're preparing to go to court with the U.S... by robopsychology on Tuesday April 18, 2023 @11:31AM (#35615337)

If the price is controlled why does it drop so much?

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Re:Coinbase CEO: we're preparing to go to court with the U.S... by arcticbull on Tuesday April 18, 2023 @11:43AM (#35615539)

If you're the house, then you profit when you know where it's going. The bigger the move, the more profit you can make.

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Re:Coinbase CEO: we're preparing to go to court with the U.S... by piva00 on Tuesday April 18, 2023 @11:44AM (#35615543)

Those in the cartel need exit liquidity sometimes. It's manipulated, not 100% controlled.

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