Thread by @Bitfinexed

When you see some random asshole launch a new meme dog shit token, in reality the exchanges that rush to list it were loading up on the dog shit tokens.

The minute the dog shit token was created, the exchanges were already going to list it to unload it to their sucker customers.

Instead of making fake companies and fake stocks to sell to bagholders, the exchanges just make their own dog shit tokens and peddle them to retail suckers & let the marketing guys take it over.

It's one thing to be suckered into a company that claims to have some new patent.

Instead of investing in a company with a cool patent or about to get FDA/FCC/FAA/EPA/CIA/FBI/IRS/NASA/CFR/KGB approval, now they're literally selling you dog shit tokens.

They also can just fake the market with their own wash trades, like Coinbase was convicted of.

Coinbase is considered one of the 'good' bitcoin exchanges, in reality, Coinbase is simply only slightly better than Bitfinex & Tether. The rush on Coinbase to list more and more dog shit tokens at an ever increasing pace, leads me to believe that the jig will be up eventually.

Coinbase allowed their own employees to list their own dog shit tokens and wash trade 99% of the volume, and they got a slap on the wrist, so far. It only encouraged more listing of dog shit tokens. "Did you miss out on the doge shit tokens? Well, here's Shiba shit tokens!"

If you try to make your own dog shit token, the exchanges will never list it, you have to be in the insider class, a shareholder or friend of the exchange, to get your dog shit tokens listed. Take note, that Coinbase has overlapping shareholders with Bitfinex.

One of the perks of being a Bitfinex shareholder, is basically the instant listing of any dog shit token you happen to make, give Bitfinex a cut of the dog shit tokens and they'll even market fake for you. Everyone makes money.

When the hype of the dog shit tokens dies down, not to worry, they got a new dog shit token they can make, or load you up with a bunch of Tethers for a round 2/3/4/5+ of a pump and dump on an older dog shit token to take in even more suckers.

When you add to this the fact that the vast majority of the trading of crypto isn't real money, but instead a fraudulent & now convicted fraud dollar called Tether, with executives that are publicly known to be under criminal investigation, you realize how much of this is fake.

Coinbase continues to list an outright convicted fraud, instead of taking the high road. If they're willing to list tokens from a convicted fraud, they're also willing to sell you absolute dog shit. They're a new shiny coat of paint on an old boiler room/bucket shop scam.

Coinbase, Bitfinex, Tether, and the entire crypto 'community' want you to believe that big institutions are sending tens of billions of dollars to a company that everyone knows is under criminal investigation for bank fraud. Nobody can find their supposed reserves.

You're supposed to believe that a company that lost $850 million dollars to a money laundering scam, then lied and covered it up, received $70 billion dollars more since the fraud was uncovered by the NYAG & now more recently the CFTC. You're not supposed to ask questions.

Some of Tethers biggest customers go on the air every week, and the one question they can't and won't answer, is "Why are you allegedly sending billions of dollars to a company under criminal investigation for bank fraud?"

"What do you mean that redeeming tether is 'messy' "?

They simply can't tell people the truth, they have to lie, just like Tether has always lied to the community, and the so-called 'community' trusts the liars. There's no such thing as "don't trust, verify" in crypto, it's "don't verify, trust, convicted liars".

The convicted liars run the crypto community, the entire crypto eco-system runs on convicted liars. Why are liars so important?

Because the truth is it's all fake. Liars sell the dream.