Weekend at Bernie Madoff’s.
History always repeats, but only the dumb stuff.
Bitcoin is not the biggest problem in El Salvador right now — it’s Bukele using the gangs to go as full dictator as he thinks he can get away with.
You can’t cash in billions of dollars of bitcoins instantly — but sanctioned Russians are trying.
El Salvador adopting Bitcoin wasn’t the particular Tether scam I originally thought — but it’s turning out to be a different, and bigger, one.
Bitfinex Securities will not charge a fee for this. They’re just being nice, see.
“One of the downsides of being both incompetent, unscrupulous and greedy is that you become very predictable.”
I don’t know precisely what tiger iFinex and Tether are riding, but it clearly has teeth.
The price went up in a triangular Fibonacci double-reacharound formation, moderated somewhat by both Makemake and Haumea being in Libra.
If you were having problems getting your head around this case, this is a good and useful summary. Plus — iFinex’s response!