Re:Former US SEC attorney: 'Get out of crypto platforms now'
by cs702 on Tuesday June 20, 2023 @04:56PM
(#36410451)
That's true for gold too: Most gold transactions happen in exchanges. But the fact that there are successful intermediaries in the gold market is not an argument against gold's viability as a store of value. Ditto for Bitcoin.
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Re:Former US SEC attorney: 'Get out of crypto platforms now'
by eli on Tuesday June 20, 2023 @05:32PM
(#36410962)
I don't think gold is a good investment vehicle nor means of exchanging value either.
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by xcv123 on Tuesday June 20, 2023 @09:34PM
(#36413268)
Tell that to people who lost their entire life savings when their fiat currency hyper-inflated to zero value (Hungary, Zimbabwe, Yugoslavia, Germany, Argentina)
Re:Former US SEC attorney: 'Get out of crypto platforms now'
by onlyrealcuzzo on Tuesday June 20, 2023 @05:24PM
(#36410863)
This is whataboutism.
The claim is that BTC surely isn't fraud because the chain is public knowledge.
This is irrelevant, because the vast majority of data is bullshit.
The gold market has been manipulated to and fro, even with regulations.
The idea that BTC isn't manipulated to oblivion JUST BECAUSE there's a public ledger (missing 99.99% of the data) is naive.