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RE: Why Blockchain Is Not As Good As You Think!

in #blockchain7 years ago (edited)

As long as cash is king in the modern world, pump and dump will continue to always be part of it. It's a known process that works and that's all that matters to people trying to improve their bottom line. This is why I don't agree with all of the people who want a BTC ETF.

That sounds like a terrible idea to me! More opportunity for major manipulation. At least right now it's limited to private investors.

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I agree, greed is built into fiat - would it survive without it? Fiat currencies were once backed by tangible assets, but now are essentially backed by greed. An BTC ETF is a terrible idea - agree on that as well. I'd love to see less manipulation, but that'll never happen, so.. I think it would be nice to see more private investors become better educated on market manipulation. Lots of coin could be saved 💰

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