You guys don't understand how crypto is "controlled". It's "controlled"--or rather "manipulated" by algorithmic buy /sell bots and people using fiat as a weapon. It's crypto WHALES and their activity that is manipulating. We know how they killed LUNA for example, and it was whales' activity inducing an algorithmic death spiral. That's the autopsy of algo stablecoin.
Tell us whales' big buys and sells manipulating crypo this is different from large hedge funds doing the same thing in the US and foreign financial markets?
Tell us how printing metal-EFTs without metal to back it is different from printing fiat-stablecoins without fiat to back it
Tell us! We're all ears.
It's also the case that crypto is exposing the relative buying power of the us dollar, since they are valuated on exchanges in terms of us dollar. Bitcoin goes up when the dollar is strong, goes down when its weak
I think the model of "nefarious government, maybe NSA or some shit, has a hyperintelligent cat that presses buttons that moves the price of bitcoin up and down" is likely incorrect, but I'm open to review your evidence.
all crypto is controlled.
monero isn't
dero isn't
pirate chain isn't
prove they are
making outlandish wide sweeping statements requires proof
tornadocash is no longer a thing, why do you think the three you mentioned are immune?
who owns those you just mentioned and tell me how and why you trust them with your cloud money? I'll wait.
It also started when chipmakers were worried about the decline of computer sales due to the fast growth of smartphones.
You guys don't understand how crypto is "controlled". It's "controlled"--or rather "manipulated" by algorithmic buy /sell bots and people using fiat as a weapon. It's crypto WHALES and their activity that is manipulating. We know how they killed LUNA for example, and it was whales' activity inducing an algorithmic death spiral. That's the autopsy of algo stablecoin.
Tell us whales' big buys and sells manipulating crypo this is different from large hedge funds doing the same thing in the US and foreign financial markets?
Tell us how printing metal-EFTs without metal to back it is different from printing fiat-stablecoins without fiat to back it
Tell us! We're all ears.
It's also the case that crypto is exposing the relative buying power of the us dollar, since they are valuated on exchanges in terms of us dollar. Bitcoin goes up when the dollar is strong, goes down when its weak
I think the model of "nefarious government, maybe NSA or some shit, has a hyperintelligent cat that presses buttons that moves the price of bitcoin up and down" is likely incorrect, but I'm open to review your evidence.