“It’s temporary, Bitfinex is just having issues with banks” Yes, an exchange with billions of dollars allegedly still can’t figure out how to open a bank account and keep it open. Give me a break.
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In Brazil they closed the largest Bitcoin exchange's accounts for no reason and courts ruled in favor of banks. All they said was it was 'too risky' to keep the accounts open.https://crypto.bi/tape/blog/brazil-banks/ …
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Perhaps, but the two are not mutually exclusive. Just because Brazillian courts are paranoid of bad actors in the crypto scene, doesn't mean that
@bitfinex and@Tether_to are not bad actors manipulating the market Because they are. -
Crypto must regulate itself via algorithms, decentralized strategies and the collective decisions of The People. As long as everyone uses Tether and centralized exchanges and agree with the system as it is there's nothing we can do.
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I would lean in the direction of agreeing with that statement...however I always fall back on the fact that algorithms/maths are written by people. :) Tether I wouldnt touch with a barge pole... regulation in my mind is more complex. algorithms and law... a tough dough to mix!
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Thousands of crypto investors use Tether. Crypto is democratic, it is what we make of it. It's great that some users raise awareness about the unethical tactics used, but unless The People choose to stop using Tether and some centralized exchanges, nothing will change.
End of conversation
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Absence of evidence isn't evidence of absence.
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