An exceedingly long
rant response was hereby cut, and replaced with the following:
Who appointed the United States and its institutions to supervise Bitcoin?N.b. that I myself despise financial speculation in principle. I think that in a perfect world, there would be no significant financial speculation at all. If I find myself in the unusual position of defending that sort of activity, then that may be a sign that you have stepped into the zone of
HANDS OFF MY BITCOIN and
AMERICA IS NOT THE GODDAMN WORLD POLICE—AMERICA IS NOT THE BITCOIN POLICE.
Bitmex was damaging it by 100x margin, as easy as this.
btc going down 1% wipes out the 100X long position.
That is what margin calls are for. Fools suffer from their follies.
We have speed limit signs on most highways, right? Same idea.
Suggesting that the U.S. government should
or can put “speed limit signs” on Bitcoin! You, personally, are a part of the problem. There is already a shitcoin for you: It is called the United States Dollar.
Bitmex is no autobahn.
Also, stop believing urban legends. Most if not all of the Autobahn has speed limits.
The limits just tend to be... rather high. Are you perchance American? I have only ever seen Americans repeat that nonsense.
With regulated exchanges it is easier to find these people and to sue them for their illegal actions. Many of us were suspicious about the CME gaps for example, expecting a dump to fill those gaps at $9600. Well, it happened several times before but not this time, which shows that CFTC is working well with CME.
...oh... oh. So you think this is because of CME. Thanks; if (
if) you are correct, then I now despise them even more than I already have since that was first announced in 2017. The Bitcoin futures market
should get wrecked, so that it stops messing with the normal Bitcoin market. If everybody who trades futures and other derivatives were to go bankrupt, it would be better for Bitcoin in the long term.
The problem in not the 100x itself but rather the opportunity which it creates with a practically anonymous account.
[...]
money launderers
OK, gotcha. You’ve a few Horsemen left to go.
If it is not something that can be done safely in an unregulated market, then maybe you shouldn’t be doing it in an unregulated market. Don’t try to create the clusterfork of the bank-run financial markets in Bitcoin.<snip>