Conversation

Oct 17, 2021

Unpopular opinion: these pops and dumps - even if they are sometimes caused by market manipulators - make the whole system more efficient and resilient to attacks & exploits. No one in crypto wants to rely on decaying states and their regulators vs battle-tested anti-fragility.

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Jesse Powell

@jespow

Replying to

@twobitidiot

The "manipulator" can't buy if you're not selling, can't sell if you're not buying. I'd argue that it's not actually the obvious & predictable market games that are the problem. The problem is the mental manipulations on people who don't DYOR and trade fundamentals. see also: MSM

10:15 PM · Oct 17, 2021Twitter Web App

Replying to

I agree. But even taking the worst of what’s implied/reported…better than the “regulated” market.

Jesse Powell

@jespow

Oct 17, 2021

For sure because "regulated" gives people a false sense of security, which I think leads to more unexpected outcomes. If you assume no rules, you are prepared for it. If you assume rules that aren't actually enforced or applied equally, you are more likely to get rekt.

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Henry Clay Cochran IV

Replying to

and

Like buying a car