Ethereum’s Joe Lubin Hits The Nail On The Head, Says ALL Prices Globally Are Subject To Manipulation
Ethereun Co-Founder On Price Manipulation
Joseph Lubin, the co-founder of Ethereum and founder of ConsenSys, spoke at the Fluidity Summit Conference in Brooklyn. He discussed subjects such as Tether, Bitfinex, and price manipulation on the market.
According to Bloomberg, which first reported on the discussion of price manipulation, Lubin stated,
“All prices on the planet are being manipulated, Any time that well-resourced actors can get in there and do something, you have to expect them to do that. So we need to build better systems.”
Lubin also shared his views on Tether and Bitfinex, which are facing accusations by the New York Attorney General’s Office. Lubin stated,
“It seems like a really big mess that probably won’t get better. Tether is somewhat important to our ecosystem because it’s used by different institutions to effect more fluid trading…There are other price-stable tokens out there — many others — and I think they’re going to gain traction because of this. I think that will be a really good thing.”