Conversation

2) Moderator to Roubini: “in the interest of getting you to not repeat yourself 10 more times...”

3) Hayes getting grilled on regulation

2:03 AM · Jul 3, 2019Twitter for iPhone

4) Roubini points out that Venmo, WeChat pay, etc already allow easy payments. Hayes responds by appealing to privacy and risk of government overreach.

Replying to

5) Bitwise report coming up—

@CryptoHayes

want to reference ftx.com/real-volume??? Or

forbes.com

The Anatomy Of A Fake Cryptocurrency Trade: How Exchanges Create Phony Transactions

A new report by Alameda Research, a crypto trading firm that trades $1 billion in digital assets a day, reveals a clever set of tricks used by crypto exchanges to fabricate volume.

6) Hayes basically responds that customers can tell when volume is fake anyway; I wonder how true that is?

: “no one is saying exchanges are violating price time priority”; says that’s the REAL market manipulation. I mostly agree—we’ve only seen 1-2 cases of exchanges refusing to let our orders trade.

repeating bullshit about Tether. USDT is minted when makets go up because people want to create it to buy BTC; no conspiracy needed!

says blockchain is a total failure, hasn’t gone beyond proof of concept yet. Probably some truth there.

10)

: “some people say that they’re into blockchain but not crypto, that just means you’re a fucking idiot.” Certainly so far coins have outperformed other blockchain companies!

11)

on LEO bailing out tether: it’s like bailing out large banks; “we did for our own” what central banks had done. Says it’s actually kind of beautiful; I agree!