Reddit Posts
Charles Hoskinson- Villain or Savior?
Large BBBY FTD due dates over the past several weeks have been correlated with large drops in ETH and other crypto prices
Mentions
Sec was supposed to release FTD data for the first half of April yesterday and just didn’t.
I hoep they call the SEC out for their handling of stocks too. Synthetic shares, infinite liquidity due to FTD's, abusive short selling, and dark pools.
He did a great job speaking during the Congressional Hearing on Crypto Regulation. We need more voices like his in front of governments. [https://youtu.be/FTD\_0b8K5RA](https://youtu.be/FTD_0b8K5RA)
Manipulation in crypto: whale uses money to try and influence direction Manipulation in stocks: Whale pays SEC to have extra trading hours. Whale sells shit he doesn't own because the system runs on FTD's. Whale has access to more stocks because they are "too risky" for retail. The list goes on.
Or, hear me out. You could investigate the Ponzi scheme that our stock market is. Infinite liquidity, FTD’s being waved, hedge funds shorting more shares than exist by an insane amount.
Crypto is meant to be decentralized. If a project *can even* register with the SEC they don't deserve to be in this space. Aside from that, the SEC can still class something a security sans team or opportunity (money) to register. This would make it so you can't invest in these coins unless you're an accredited investor. How do you become accredited? Simple! Just own more than $1M in cash, or earn more than $200K per year. Obviously, you're a sophisticated investor if you pass the test. People losing money will never change. What would regulation do? Instead of buying crypto you'd buy a paper version owned by a middleman, like you do with stocks. Your middleman will promise to do what they say they're doing with it, until inevitably they don't. *FTD*? Not a problem, they're regulated. *Nobody has ever* lost money in the stock market before. FDIC is insurance paid for by banks. You can't just FDIC insure any asset. It's required specifically to prevent bank runs. Crypto exchanges could implement something similiar, pay % toward an insurance pool, but it wouldn't have anything to do with FDIC or SIPC. >I get the whole purpose of crypto is to get away from the government but lets all be real, this will never happen in a country that has a reserve currency for the whole PLANET. There will always be a blockchain out there that is "off the grid" but it will never be a mainstream one. There will never be a currency for the whole PLANET that's mainstream, either, if government is involved. Unless you're one of those *One world government* idealists.. Imagine if there's a global currency and you suddenly can't use it if you're Russian. Or a global currency and you can't use it if you're Jewish. Governments are corrupt *and all are temporary*. There's no good reason to give them more control than they already have, especially inside technology that will outlive them. A neutral chain is the only viable solution. No *one* controls it, because everyone controls it. Regulate fiat off ramps and centralized exchanges, and centralized promoters, since those things are all *your problem* and not anyone else's. The regulation you're asking for (for the status quo to integrate crypto), would shut the crypto-gate and we would never be allowed back in. It wouldn't be possible to start anything new without millions of dollars and government cronies in your pocket. The biggest VCs would stay while we'd all buy their off-chain derivites. It's a powerful technology. Education is more important than stopping it so early in its evolution. Who is meant to be doing this regulation anyway, Elizabeth Warren? I haven't seen anyone with that authority talk about this technology without a strong *political* bias and blatantly obvious conflict of interest. Even the SEC holds $ETH bags ffs.
At big FTD deadlines they have to pull their money out of crypto to avoid getting margin called. They're not actually paying off debts. Just have to prove they could close their shorts if they had to. Then they put it back in. In both directions they do it slowly so to maximize profit. Dip a while, get retail to think the bottom has been reached so they buy, and then they sell more, repeat. Right now it's a 6 month cycle. Rise about 3 months, fall about 3. Won't last forever and I have no idea how it will end.
I think you are partially thinking about a decentralized exchange. That would be true illiquidity but only for lack of speed people use that and the spreads are high and artificial. But, in a centralized exchange where they already have plenty of real crypto coins in thier possession they never have the real amount. They depend on liquidity to be able to make temporary IOU'S similar to stocks then go to and from hot and cold wallets. My point is, true scarcity or abundance is the real demand for any coin. Liquidity allows for manipulation of said value as hedge funds to regular and get aided by settlement laws which are a joke in the form of FTD.
I hope he's wrong. The stock market is the true rigged game with endless FTD and buying non existent shares to keep it well understated. I shall hope more retail jumps into crypto because thier buttholes get sore after awhile.😅
Crypto goes up and down depending on when hedge funds need liquidity for FTDs. They have a big FTD deadline coming up. Expect things to dip a bit more.
Shorting hedge funds aren't done pulling out for liquidity. FTD deadlines are still more than a week away.
Yep. They're selling now because they NEED the money now. It's shorting hedge funds meeting liquidity requirements. These hedge funds have gradually pulled out these last few months for FTD deadlines and are responsible for the crash. Remember the entire crypto market cap is less than Apple. They can cause this much volatility. We see a week of red. Few days green. Repeat. And it will continue probably for another week or two at least. Because the FTDs come due early Feb.
You can make stocks NFTs and eliminate market makers and middle-men. You can also stop all naked shorting and FTD's. Transactions would cost pennies. You'd also have Bloomberg Terminal level information at your fingertips without paying thousands a month for the software. Rumor is that's in the works. And what better time to introduce it than after a massive market crash.... which looks to be right around the corner.
Article is a cover up for all the FTD
Brian has also proved himself very unreliable with FTD since then.
Well even if the shorts closed, there was no squeeze. The SEC report you love so much makes this clear. Shorts were primarily hidden into ETFs, which regularly are showing up on the reg sho list. A look at FTD data on GME for this past year shows something is clearly up with the stock.
So we gonna get crypto FTD's and naked shorting now huh