Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis
Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis
Pass this URL on to those considering crypto for the first time, or to a BTC maxi to watch their head explode, lol.
Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis
Good bot
The website is garbage though, it does not work without scripts and archive.org can't make a working archive of it, which is so rare that I suspect it's intentional. archive.today was able to make one though
js;dr
Re-hypothecation ... leading to a situation where multiple claims exist on the same Bitcoin holdings.
effectivily dilluting the as-if supply with derivatives: leveraged gains for banks.
They are selling non-existant stuff (like with the big XMR price manipulation) -- we'd need a mechanism of price discovery which distinguishes between real and paper. Monero on exchanges has the same problem. Weren't we supposed to be delisted from this scam?