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Topic: Rehypothecation, Manipulation by Miner and against Miner, US Gov Involvement Bad (Read 174 times)
January 12, 2020, 01:20:08 PM
November 21, 2019, 03:30:21 PM
The price of Bitcoin, cannot be determined by the law of any country. Everyone participates in the market the same, some have more power because they are richer, but they are limited in price manipulation. Especially with Bitcoin, even large superpowers can't do much about it, not even wallstreet.
If America leaves, Bitcoin would work fine. If China leaves, Bitcoin would work fine. Price would fluctuate, but would fundamentally go back to the same it has been doing in the past decade. If you try to force a price to deviate it from its natural place, you will end bankrupt, no matter who you are.
The thing is, Bitcoin is deflationary, and none of the economies in the world today operate within its principles. You think you can get in debt and attempt a take over, but that would backfire horrendously. America could easily crash if it ever tried a stunt like that, so they won't.
No country will mess with Bitcoin, not even a coalition of countries, they will leave it alone and observe, maybe even learn from it. Some may badmouth it on the outside, but they are carefully evaluating it in the inside. And time is in Bitcoin favor, every day that passes, is a testimony of its success.
If America leaves, Bitcoin would work fine. If China leaves, Bitcoin would work fine. Price would fluctuate, but would fundamentally go back to the same it has been doing in the past decade. If you try to force a price to deviate it from its natural place, you will end bankrupt, no matter who you are.
The thing is, Bitcoin is deflationary, and none of the economies in the world today operate within its principles. You think you can get in debt and attempt a take over, but that would backfire horrendously. America could easily crash if it ever tried a stunt like that, so they won't.
No country will mess with Bitcoin, not even a coalition of countries, they will leave it alone and observe, maybe even learn from it. Some may badmouth it on the outside, but they are carefully evaluating it in the inside. And time is in Bitcoin favor, every day that passes, is a testimony of its success.
November 21, 2019, 02:48:12 PM
The business development and technological development and mainstreaming, adoption and integration fundamentals have never literally never been as good as they are now. We've even come lightyears in progress on the financial rights and legal development framework for the crypto economy.
And yet the 100,000 ton Brontosaurus in the room are several things that are most likely keeping the price down and most likely responsible for manipulation and keeping it suppressed.
-The US Gov is fundamentally a bad actor in the space. It doesn't cooperate with the rest of the world, exerts itself, and overbears in regulation, primarily to support the CME
-The CME is going to commit accounting fraud and naked short sell bitcoin as it has since 2017 to suppress the price. The CME is perpetually bearish and this is what the US gov wants. This is what wallstreet legacy finance want. They are hoarding, centralizing, and rehypothecatiing the price, and centralizing the mining, and contributing to the centralization of the mining.
-Wallstreet institutions are intentionally bankrupting miners to take over the mining space.
-The Financial sector/class/US regulators want to punish and put out of business existing exchanges (except coinbase) and existing miners and give the space over to an appointed monopoly run by institutions like Fidelity.
-They plan to do great harm to the space with The Bank Secrecy Act and FinCen
In short Wallstreet is hijacking the network and turning it into digital full KYC banking, with even less rights than a bank and less fungibility and integrity than holding gold at a money manager.
It's not FUD to deal with the legal realities of your entire industry. You treat it like a religion and you'll go bankrupt.
Just about no one on this subreddit understands Rehypothecation, the CME, or the price suppression of Gold and Silver and what the US has done to it the last 30 years. You don't understand geopolitics, and you think somehow bitcoin is invincible and magically different. You refuse to deal with the facts and paint any legal complexity as FUD. These are the same people who held altcoins 97% down. This is why Wallstreet is taking over.
It's absolutely ludicrous to call normal legal rammifications in the industry you work in FUD. You can't call legal obligations and realities and policies that you are forced to participate in FUD. Any industry that treated normal law and rule of law as FUD would completely crash. It's a broke retail mindset. At least I can say the Marijuana sector is drastically more legally intelligent and legally proactive about showing up and representing the matters, including the average investor, who tend to be drastically more sophisticated than crypto,. All I'm saying is they are mature and they deal with the realities. The crypto crowd is predominantly not cypherpunk, not sophisticated, and engages in evangelical religious like 'belief' in arbitrary price targets. It's not helping the industry.
The Asian's have the volume yet they don't control the price, the US does, why is that? It's because of law. Wallstreet has the legal framework to dictate the price. Very little western retail participation and representation legally, causes a situation where Wallstreet gets to largely dictate the entire environment of bitcoin, while Chinese miners ruthlessly dump the price. The run up in June was a Chinese Ponzi,. Had it not happened, the CME would have kept the price under 7k. The average american retail investor is literally relying upon the US governmentto open up bitcoin to pensions to make the price go up. And I'm telling you that is a fools errand.
The US is not the good guy in this situation. What we want is for the global south and Asia to mass buy bitcoiin. We want users, bodies, real people, not institutions.
And yet the 100,000 ton Brontosaurus in the room are several things that are most likely keeping the price down and most likely responsible for manipulation and keeping it suppressed.
-The US Gov is fundamentally a bad actor in the space. It doesn't cooperate with the rest of the world, exerts itself, and overbears in regulation, primarily to support the CME
-The CME is going to commit accounting fraud and naked short sell bitcoin as it has since 2017 to suppress the price. The CME is perpetually bearish and this is what the US gov wants. This is what wallstreet legacy finance want. They are hoarding, centralizing, and rehypothecatiing the price, and centralizing the mining, and contributing to the centralization of the mining.
-Wallstreet institutions are intentionally bankrupting miners to take over the mining space.
-The Financial sector/class/US regulators want to punish and put out of business existing exchanges (except coinbase) and existing miners and give the space over to an appointed monopoly run by institutions like Fidelity.
-They plan to do great harm to the space with The Bank Secrecy Act and FinCen
In short Wallstreet is hijacking the network and turning it into digital full KYC banking, with even less rights than a bank and less fungibility and integrity than holding gold at a money manager.
It's not FUD to deal with the legal realities of your entire industry. You treat it like a religion and you'll go bankrupt.
Just about no one on this subreddit understands Rehypothecation, the CME, or the price suppression of Gold and Silver and what the US has done to it the last 30 years. You don't understand geopolitics, and you think somehow bitcoin is invincible and magically different. You refuse to deal with the facts and paint any legal complexity as FUD. These are the same people who held altcoins 97% down. This is why Wallstreet is taking over.
It's absolutely ludicrous to call normal legal rammifications in the industry you work in FUD. You can't call legal obligations and realities and policies that you are forced to participate in FUD. Any industry that treated normal law and rule of law as FUD would completely crash. It's a broke retail mindset. At least I can say the Marijuana sector is drastically more legally intelligent and legally proactive about showing up and representing the matters, including the average investor, who tend to be drastically more sophisticated than crypto,. All I'm saying is they are mature and they deal with the realities. The crypto crowd is predominantly not cypherpunk, not sophisticated, and engages in evangelical religious like 'belief' in arbitrary price targets. It's not helping the industry.
The Asian's have the volume yet they don't control the price, the US does, why is that? It's because of law. Wallstreet has the legal framework to dictate the price. Very little western retail participation and representation legally, causes a situation where Wallstreet gets to largely dictate the entire environment of bitcoin, while Chinese miners ruthlessly dump the price. The run up in June was a Chinese Ponzi,. Had it not happened, the CME would have kept the price under 7k. The average american retail investor is literally relying upon the US governmentto open up bitcoin to pensions to make the price go up. And I'm telling you that is a fools errand.
The US is not the good guy in this situation. What we want is for the global south and Asia to mass buy bitcoiin. We want users, bodies, real people, not institutions.
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