The team existed in some form but what they do is nothing like what some posters on here think they do. "Price discovery" is a term used by conspiracy theorists to portray something very basic ( like air and water ) as something more sinister. Basically it supposedly only exists when markets go down. It's all a bunch of baloney.
I'm a middle guy so I see merits on all sides. But I think he probably blocked me because I was annoying him.
I highly question people whom go out of their way to tell you something like the PPT, or the Fed active roll in manipulating markets or the Fed close relationship with Goldman doesn't exist. Its one thing for them to not believe it themselves and mention that in the course of regular conversation. But to enter into threads and to force feed the narrative MAKES me very skeptical of them. The same with people on here forcing their own narrative regarding crypto. Makes me feel like they are paid social media posters.
Bro the PPT meme is a JOKE. No one realistically thinks every dip is bought by the PPT, but there is some truth in the joke where a working committee can collude to impact markets. Similarly, the federal insider trading committee comes from the fact that they just had some people quit for INSIDER TRADING. Do they all do it? No. Are all their decisions based on that? No. But there is some truth to the joke. I would be more suspicious of those who can't take a joke or see nuance.