Oddbean new post about | logout
 Someone will eventually get screwed by IOUs. They always do. We have a way of protecting ourselves, even if price is temporarily affected. 
 I hope so fren. I hope sooner rather than later tho :] 
 Me too. More people get hurt the longer this sort of shit goes on. I think we will eventually see decentralized exchanges setting rates. It's kind of ridiculous that we have centralized shitcoin mills with this much power.

But again, people who hold Bitcoin in custody can call bullshit a lot easier than in the past. "Show us your Bitcoin."