I don't think it is an outright theft, it is more like bad money management/investment. Why? Because let's say 5 people are involved in theft, just how much money is enough to steal? At what point would a thief say, OK that is enough, I am going to quit and enjoy my years left. So 5 people stealing 30B (hell, even just 10 B) each would get 6B and if that is not enough money to steal, I don't know what the limit is. So let's assume there is no outright printing of tethers without any financial backing. But the backings are probably highly speculative, very risky types that have a good chance of not getting repaid. If so, that would explain why the printing keeps going, because there is really no billions stolen, just billions lost to bad investments. And as long as the tether train keep going, nobody is the wiser. They are rich, but they are not tens of billions rich...
I read "The Zurich Axioms" over 10 years ago but lost my copy from several moves ago. I'll pick it up again The only rule in crypto winters (crypto bear markets) is to survive and wait for the next bull market cycle when you will have a lot of opportunities to make life-changing wealth
I missed your initial reference. LOL. Somewhere in one of my scrapbooks, I have Boogaloo Shrimp's autograph. Maybe sell that for some BTC someday.
Thanks!! Will enjoy it while it lasts. Imho, this is temporary as the Fed continues to raise interest rates and remove liquidity (QT) Stock market futures are up tonight also Slow grind down... on all markets
Not a very good movie. Breakin' 1 was far superior. Even then you have to like break dancing & Electrofunk.
That is some serious decoupling from the market, I wonder what the news is? Markets are nicely up, BTC should be getting closer to 31K...