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All of this shows how the supposed transparency of Bitcoin is useless. The blockchain does not really tell you anything. Price goes up 500%. Nobody knows why. People speculate it is because of Tether or some cabal of Chinese BTC mining tycoons or exchanges faking volume;, or WallSt playing their voodoo with billions worth of BTC.

What other asset has this situation where the reason for the movement of its price is so obfuscated?

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>All of this shows how the supposed transparency of Bitcoin is useless.

This seems like begging the question to me. Was bitcoin ever supposed to be some sort of asset where the pricing is transparent?

I don't quite remember from the original white paper if it was pushed as a feature or just a property of the system. But later proponents certainty try to say it is some revolutionary feature.

Now don't get me wrong. Transparency in the financial system is good. But a public blockchain as is, does not provide any transparency at all.

Now that I am thinking about it, they probably mean something else entirely by transparency. They probably mean, they know the total amount of BTC out there.

> Price goes up 500%. Nobody knows why.

welcome to currency trading

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