holy shit wtf is going on?
Amstrong's blog is from yesterday. Price started retreating three days ago. Perhaps the correct causality is
price retreats --> Armstrong speaks
Armstrong went full Buttcoin weeks ago.
Armstrong running the biggest fiat exchange is like putting Stolfi in charge of Blockstream. The only question is "malice or incompetence?"
armstrong is the next karpeles and coinbase is the next gox ... no company is bigger than bitcoin, they all seem to want to learn that mistake the hard way ... the warning signs have been there for quite while and the pattern is too familiar to be ignored.
if I was him I'd be making arrangements for what happens while he goes inside.