undefined | Better HN

0 pointskazen448y ago0 comments

the major difference between fiat and bitcoin in this case seems to be that the whales in case of fiat currency are either the central banks (like the FED and ECB) or large international banks who own a lot of currency?

0 comments

empath758y ago

in the case of diamonds, it's deBeers.

charlesdm8y ago

Used to be. Don't think they have the power over the market they used to have.

inglondon8y ago

There is also no derivatives market for diamonds

j / k navigate · click thread line to collapse