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RE: Bitcoin Battered On Report Bitfinex, Tether Were Subpoenaed Last Month

in #bitcoin7 years ago

These centralized exchanges are turning out to be just as slimy as the banskters. Bitfinex and JPMorgan seem to have many similarities. I guess the currency can change but the game is still the same.

In the end, we will need to move this all to decentralization. There simply is too much theft and dishonesty when all this is centralized. Either the players are greedy/corrupt or the system itself is that way.

In the end, everything has to be moved to blockchain to avoid these situations. Imagine all the crypto trading done on decentralized exchanges. Then, nobody would have any questions....the accounts could be seen yet the keys were held by the individuals.

Let us hope this turns out for the best. We know the media is salivating at the prospects of really sticking it to the crypto world.

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I hope bitfi is fine! Too much money there, this will be a mt. gox 1/2 crash - we dont need this.