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user43928 • today at 5:33 PM • 1 reply • view on HN

The crypto economy isn't real, it's a pointless wealth redistribution scheme.

Anyway, that and your question are hardly relevant to the fact that Binance and their cabal own the crypto exchanges and consequently could manipulate the price to reduce the size of their obligation denominated in crypto rather than currency or stable coins.


Replies

Dylan16807 • today at 6:15 PM

Define "own the crypto exchanges" here. What percent of transactions in and out of bitcoin and ethereum go through them?