There has been increasing kinds of funding in the bitcoin space towards developers, research and other matters, and of course, bitcoin will NOT be dead (and probably not even meaningfully disabled) if Bitmex funding towards bitcoin development and research ends up drying up.
Of course, I did not intend to suggest that Bitcoin was in any way dependent on BitMEX or any other single party. I should hope that I was not misunderstood that way by anybody!
I do agree that through the last several years, Bitmex seems to have served as a decent steward of the bitcoin space, and surely it remains a bit irritating that they are being attacked in such a seemingly strenuous way...., whether that is too much, or merely the US government employing seemingly overbearing tools in order to attempt to negotiate from a better seeming position of strength.
Indeed, I somewhat noticed that U.S. regulators went aggressively after an exchange that has demonstrated pro-Bitcoin behaviour, instead of ripping into one of the many exchanges that never saw a forked shitcoin they didn’t love.
It’s not as if the U.S. government has ever been in any direct or indirect way connected to shitconery. Just joking. I think.I surely do not claim to know many of the details of the purported egregiousness that the USA govt is proclaiming against bitmex and four of its officials to justify criminal rather than civil charges, and overall through the years, I have considered Bitmex to be greatly on the net positive side of Bitcoin's development.. even though surely some people (even pretty BIG ass players have gotten quite reckt) have been quite fucked in using their exchange when the market has moved against their bets.
I suppose that that’s called
“taking responsibility for your own money”. I presume that it’s a Bitcoin thing.
Waving my hands a bit over the nature of levers:If I wanted to gamble in a casino at 100x or even 10000x leverage, I don’t suppose that any do-gooding busybodies would want to protect me from potentially losing my own money through my own choices and my own follies...
Oh, wait! Meanwhile, savvy traders who do not go insane or get drunk on leverage have probably made a reasonable profit at the MEX and other exchanges.
Aside, it always astounds me that some people seem not to know that market trading is zero-sum. If somebody lost a fortune, somebody else gained—and vice versa. TANSTAAFL.