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(The Verge)   Subby hopes "can't shut the fark up"-itis is contagious among all fiscal malfeasant, rogue thespians   (theverge.com) divider line
    More: Dumbass, Jamie Dimon, Goldman Sachs, Wall Street Journal, longtime readers, Sam Bankman-Fried, group chat, The New York Times, anonymous sources  
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1107 clicks; posted to Business » on 09 Dec 2022 at 9:05 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



10 Comments     (+0 »)
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2022-12-09 7:04:47 PM  
Pfft. I bet subby doesn't even know where Thespia is.
 
2022-12-09 10:16:08 PM  
Good thing crypto is unregulated, because then the little guy can make a lot of ... money?
 
2022-12-09 10:23:53 PM  
I'm honestly curious....would a price manipulation conspiracy in crypto even be illegal?

It's not like they're breaking any securities laws.
 
2022-12-09 10:29:12 PM  

scanman61: I'm honestly curious....would a price manipulation conspiracy in crypto even be illegal?

It's not like they're breaking any securities laws.


Couldn't it be fraud in some circumstances?
 
2022-12-09 10:40:32 PM  

iron de havilland: Pfft. I bet subby doesn't even know where Thespia is.


It's the capitol of the Isle of Thesbos. Duh.
 
2022-12-09 10:47:38 PM  

talkertopc: scanman61: I'm honestly curious....would a price manipulation conspiracy in crypto even be illegal?

It's not like they're breaking any securities laws.

Couldn't it be fraud in some circumstances?


Wire fraud specifically.  So while manipulating crypto in some instances is not illegal as the law has not caught up, wire fraud covers pretty much anything that can be considered fraudulent that uses telcom to get it done.  And all you have to prove there is intent to defraud, so...

/DoJ figured that one out a while ago
 
2022-12-09 10:56:37 PM  
You know you can just buy regular boring stocks and get 11.5% inclusive of dividends every over 20 years.

Or you can buy lottery tickets.  Lottery tickets are probably the smart choice for a guy like you since you're so much smarter than everyone else.
 
2022-12-09 11:09:17 PM  

scanman61: I'm honestly curious....would a price manipulation conspiracy in crypto even be illegal?

It's not like they're breaking any securities laws.


Would be breaking dude laws about being righteous
 
2022-12-10 1:42:40 AM  
The most charitable explanation for "Exchange coordination," I guess, is that it's crypto's ersatz version of something like Swift, which is a messaging platform after all. It just looks awfully funny.

"Centralized."

That's the word you want. It's not "funny," it's "centralized." The CEOs of major exchanges colluded to manipulate cryptocurrencies, doing their level best to provide exactly what cryptocurrency was supposed to avoid. Charity isn't required. Just call it like it is.

Crypto as it's currently implemented is a lie.
 
2022-12-10 11:51:59 AM  

FormlessOne: The most charitable explanation for "Exchange coordination," I guess, is that it's crypto's ersatz version of something like Swift, which is a messaging platform after all. It just looks awfully funny.

"Centralized."

That's the word you want. It's not "funny," it's "centralized." The CEOs of major exchanges colluded to manipulate cryptocurrencies, doing their level best to provide exactly what cryptocurrency was supposed to avoid. Charity isn't required. Just call it like it is.

Crypto as it's currently implemented is a lie.


Okay, like, the writer is like not very good and used the breezy word choice instead of okay, like "centralized" or "incriminating."  Then, a few sentences later, there's a clear complete sentence with useful information.  But then!  A sentence fragment.  And a statement ending with a question mark?
 
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