Segwit2x was never meant to happen in the first place, it's failure was planned from the start and it was going to be used to trigger people to switch from bitcoin to bitcoin cash... The Chinese miners devised a plan to take over the market with bitcoin cash and bury bitcoin in the past and it's working. Their plan was to use segwit2x's failing to cause people to switch to bitcoin cash and at the same time switching all their hash power to bitcoin cash to bury bitcoin i the past.
Why do you think there are so many unconfirmed transactions right now in the bitcoin network? If you looked at the total network hash rate you would see that the Chinese who are the ones who own most of the hash power have switched it all to Btrash. The next think in their plan was to collude with all the exchanges to pump the price of Btrash on top of having switched all their hash rate to it...
This is some next level market manipulation and something of this magnitude should get these people thrown in jail for life. I guess this is what happens when a currency gets really centralized and all the mining power is centered around just a couple of people. Just realize that the current pump going on right now is artificial and not natural.
Everything is detailed right here: https://pastebin.com/n0aGBMQr
Its a shame that they are manipulating it, but cant throw them into jail for this. They hold huge stakes in the market and they are able to control it. Again asusual centralisation is entering the crypto space too. It is quite natural tbh. Best is to invest in alt coins and hodl. But one thing is for sure - btc technology is outdated and cannot continue for long. Its block size and transaction fee is constantly rising. When the real masses start coming to crypto, i dont think btc can handle it. We will see new players take over, or maybe btc may remain the gold of crypto market, a store of investment. Lets see
FYI, very secretly and without too much drama an other fork happened aka Bitcoin Gold. Now this fork is being mined by GPU and opens up again the possibility for smaller miners on the network again. Thus getting it back out of centralized control. The way BTC used to be...
So yeah... BTC and BCC were not successful doing what they intended to.
This is why I will be rooting for Bitcoin Gold!
Crypto is, was and always should remain decentralized. You can not control it nor own it!
Peace
Love
&Anarchy ;-)
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STOPIsolated in rural northeastern China, six Bitcoin mines led by a mysterious group of four engineers generate more than 1.3 million euros each month. the proof that the chinese ditien the povoire sir the bitcoine
If this is a conspiracy why is Dash up too? Also, your argument is not helped when you cling to the bottom of the disagreement hierarchy.
If a cryptocurrency cannot withstand an attack in a free market is it valuable as a free market currency? If this is an attack, then keeping a low blocksize is proving to be a security risk.
bitcoin cash will take its place of honor in the top 3 crypto currency, in full it is possible that it will be on the 1st place of the list !!!
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What is at the origin of this sudden and unexpected peak? Daniel Masters, director at Global Advisers Bitcoin Investment Fund, accused Korean traders of "market manipulation" via the Bithumb stock exchange and appealed to his LinkedIn relations to complain to the Korean financial supervisory authority:
The community must find ways to stop these corrosive actors on the blockchain that are destroying by creating instability as a way to take over.
Let's start a slow move of selling the forked coins and buy bitcoin, to teach a lesson to the killers of the decentralized blockchain.
Lets bankrupt them and make bitcoin stronger.
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Lots of manipulation by large players heavily invested. They are trying their best. But the masses are coming, and lots of options are available. Will they bury each other as adoption advances and the new guys move in.
https://steemit.com/bitcoin/@melip/the-bitcoin-game-of-manipulation-dare-to-think-outside-bitcoin