this post was submitted on 25 Feb 2024
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libertarianism

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Most people live their own lives by that code of ethics. Libertarians believe that that code should be applied consistently, even to the actions of governments, which should be restricted to protecting people from violations of their rights. Governments should not use their powers to censor speech, conscript the young, prohibit voluntary exchanges, steal or “redistribute” property, or interfere in the lives of individuals who are otherwise minding their own business.

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[–] [email protected] 2 points 8 months ago (1 children)

Unfortunately, wall street does not take tethers. Binance does.

[–] [email protected] 9 points 8 months ago

I don't know why you're getting downvoted. People think bitcoin cannot possibly be controlled because it'd take a lot of hardware power to override blockchain entries, but there are other ways to control it. Tether is one good example where the value of that is supposedly backed by underlying assets which include... bitcoin. So they're buying bitcoin with tether and tether is deriving part of its supposed value from bitcoin. Tether hasn't been audited and they're free to print however many tethers they want. Yeah, that's not insane at all...