I think the actors in crypto have no shame. I love crypto, love the potential of the tech -- but does anybody doubt that coinbase, bitfinex, kraken, poloniex -- all the exchanges just flat out robbed people? When the narratives aligned they pumped/dumped.
Then they have no shame. Poloniex gets bought up. Coinbase/gdax announce venture capital arm. Its almost like they sucked too much money selling hopes and dreams to consumers, and now that SEC is watching closely they cannot keep pump and dumping the market. Just look at the volume drop.
Honestly, the democratized/decentralized characteristics everyone promotes is a bunch of bull until someone shows me a way democratically bootstrap ownership without total failures like Satoshi owning 20,000,000,000$ worth of BTC or a couple of whales owning 50% of the ETH supply because they bought when it was worth pennies and after BTC went up 10-1000x.
This whole thing seems to just be another means for wealth transfer.
Then they have no shame. Poloniex gets bought up. Coinbase/gdax announce venture capital arm. Its almost like they sucked too much money selling hopes and dreams to consumers, and now that SEC is watching closely they cannot keep pump and dumping the market. Just look at the volume drop.
Honestly, the democratized/decentralized characteristics everyone promotes is a bunch of bull until someone shows me a way democratically bootstrap ownership without total failures like Satoshi owning 20,000,000,000$ worth of BTC or a couple of whales owning 50% of the ETH supply because they bought when it was worth pennies and after BTC went up 10-1000x.
This whole thing seems to just be another means for wealth transfer.