RE: Think what happened with $GME can't happen with bitcoin? Think again... by mindtrap

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Viewing a response to: @yabapmatt/think-what-happened-with-usdgme-can-t-happen-with-bitcoin-think-again

hive-167922 · @mindtrap · Jan 31 '21 (edited)

$0.10

Guess the need for immutable Blockchains grows by the day...

Banks do the very same thing for years...

And while I wouldn't be surprised if exchanges use the same methods which they probably do, I'd love to see some evidence that it's really happening before crypto take a massive hit. Which is what governments and political gangs want in the first place. 

Sure keeping your assets safe in cold wallets is the best thing to do but the moment you one decides to bring them back in on an exchange to make a trade that's when the shit hit the fan...



PS. Good to see you posting Mat...you should do that more often

👍 yabapmatt, galberto, shtup, oakshieldholding

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@yabapmatt · Jan 31 '21

$0.02

> Guess the need for immutable Blockchains grows by the day...

The thing is that immutable, decentralized blockchains don't really matter if everyone just gives all the power back to centralized exchanges anyway. There needs to be both technological and behavioral changes to fix this mess. The technological side is coming along very nicely, it's the behavioral one I'm more worried about - although everything currently happening in the world is helping push things in that direction.

> PS. Good to see you posting Mat...you should do that more often

I have tons of people yelling at me on a regular basis about all the things I "should" be doing, unfortunately posting about anything not related to Splinterlands is never one of those things...this is a post I think really sums up the situation: https://andrecronje.medium.com/building-in-defi-sucks-part-2-75df9ee7871b

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@yabapmatt/re-mindtrap-4nzflq)

👍 mattclarke, shtup, oakshieldholding

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@blocktrades · Feb 2 '21

LOL, that post was pretty amusing to read...

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@mattclarke · Jan 31 '21

$0.14

> Also, when the token goes up, traders with their “TA” will take ~80% of the credit, it the token goes down, you will get 100% of the blame.

So much truth here.

👍 frogcake

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