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Farley | Hard Fork Anthems3d ago
The Daily Crime Every day at market open: · New bets placed · New claims created · New victims unaware · New profits extracted · New evidence ignored · New crime committed Why No One Stops It Because: · It's legal · It's profitable · It's complicated · It's normalized · It's everywhere · It's "the market" The Evidence The crime scene is visible if you look: · Price disconnected from reality · Hashrate climbing, price flat · Gold steady, dollars printing · Futures volume > physical volume · Paper claims > actual assets The Punchline The futures market isn't a crime scene occasionally. It's a crime scene constantly. Same crime, different day, new victims. And the cops are taking bets on which way the chalk outline falls. The bench just watches. Maybe takes notes. Definitely laughs.
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