Erik Voorhees|Oct 11, 2025 22:28
Bad take
First, only in crypto (DEX's in particular) is there this kind of transparency. *Everyone* can see the action that this account took. Nowhere in tradfi is such a thing possible.
Second, that a whale likely had knowledge of a soon-to-be-public global news event, is not an indictment of crypto. It's an open, permissionless system. Anyone can use it, on the same set of rules.
What you're actually mad about is that someone had this special information and traded on it, and this is inevitable when markets are so bound to regulators and policy makers, who can cause such dramatic changes based on a single tweet.
Perhaps, perhaps, the real issue is that our markets have too much influence from such privileged political positions.
In crypto, everyone plays by the same set of rules, transparently.
In politics, everyone plays by different rules, opaquely.
Don't mistake the symptom (market reaction) for the disease (market coercion).(Erik Voorhees)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink