Obviously the ETHBTC exchange rate exists and does a lot of volume. I’m not denying that. I’m saying that BTC/ALL FIAT or fiat pegged stablecoin combined does MORE volume than the ETH pair. I don’t have data in front of me but I’d bet a few million sats on that.

The best Lubin and JPM can do is control price temporarily. Obviously they cannot do fuck all controlling the nodes and miners.