Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 25/06/2018, 19:32:44 UTC
Since nobody complains about central banks printing money out of thin air, I think its fair to not complain about a private company printing tether out of thin air.

Completely buttfucking stupid comment.  

Capitalism does not exist if you have a central bank because the bank can do stuff like raise or lower interest rates while taking out enormous positions frontrunning it's own market manipulation.  Since it can front run it's own manipulation, it can basically siphon off all wealth from the entire system so everyone is their slave.  Bitfinex printing tethers from thin air, trading with the entire pool of customer funds, or placing enormous fractional reserve longs and shorts on their own exchange is the same thing as having a central bank.