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A Must Read on Why Tether is the Mother of All Crypto/ Bitcoin Scams/Manipulations:
The Bit Short: Inside Crypto’s Doomsday Machine https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
Subprime mortgages in 2008. Many people held them. The price still went to zero. #Bitcoin
Research Affiliates Quant Warns of Bitcoin Market Manipulation ["https://www.bloomberg.com/news/articles/2021-01-14/research-affiliates-quant-warns-of-bitcoin-market-manipulation"]
@woonomic I find it interesting that "lost" bitcoins are considered a good thing. Imagine building a global financial system on a platform where assets get "lost" and calling that an upgrade.
“On average, there are now around 325,000 Bitcoin transactions — including trades — per day. There are roughly a billion credit card transactions per day.”
The Bitcoin Cryptocurrency Dream Is Dead | Marker https://marker.medium.com/the-bitcoin-dream-is-dead-8b621d2d7dbd