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10 sats \ 0 replies \ @tomlaies OP 19 Mar 2022
In a free market economy the market itself should stay neutral. Reversing transactions is a no-go. Irreversable Bitcoin transactions (and the hard money which disincentivize derivatives trading aka leverage aka debt aka money printing) would have prevented this.
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8 sats \ 0 replies \ @ExponentialBTC 20 Mar 2022 freebie
It's like that scene at the end of The Big Short, where the narrator says something like this:
"In the years that followed, hundreds who were responsible went to jail, the regulator was overhauled, and the government had no choice to claw back the profits stolen from those whose trades were canceled ... [...].
Just kidding.
Banks took the money, they used it to pay themselves huge bonuses, and lobbied to block any reform.
And then they blamed the Russians."
Here's that scene from The Big Short:
https://www.youtube.com/watch?v=Bu2wNKlVRzE&t=100s
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3 sats \ 0 replies \ @shyfire 19 Mar 2022
Piped mirror: https://piped.kavin.rocks/watch?v=tHXF5LyLI4M&ab_channel=PatrickBoyle
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0 sats \ 2 replies \ @2big2fail 19 Mar 2022 freebie
no, unfortunately bitcoin does not fix this. all centralized commodity exchanges have control over transactions and in a sense are custodial. non custodial fiat(p2p) or bitcoin (p2p) allow for irreversible trades but those would take place outside of exchanges and like bisq have poor price discovery with large price ranges