Oddbean new post about login | logout What evidence is there? Isn't it "illegal?" How do we stop/fix this so demand for bitcoin is honestly reflected in it's valuation in fiat?
Check the block chain. There’s no proper coin movement. Read the prospectus, there’s intentionally up to between 2-30 days before settlement is required. Coinbase is both custodian as well as tasked with acquiring the bitcoin. We don’t stop or fix it, the only thing stopping this train is a Coinbase blow up.