They require a coin that can handle the amount of transactions that they plan to throw its way, and they own all the coinbase customers Bitcoin Cash, and if they pull this off, they will control everything. Not much for decentralization, but probably massive profits. I am also expecting China to relaunch exchanges with Bitcoin Cash as BTC pairs. Or maybe I am just not getting enough sleep. I feel like I'm the protaganist in Dan Brown's latest book, The Da Haejin Code.
You are viewing a single comment's thread from:
lmao you conspiracy theorist... nice one!
When your in the money business, never mess with a man they call Jesus. Some fractals last thousands of years.
Like Buddha and Yeshua
I'll just say that I've read a lot of stuff about this supposed attack on BTC and replacing it with BCH, and it sounds super interesting and even a little possible. Hell, I sort of hope it happens just so I can appreciate the ruthless strategy of it all.
But we'll need to make sure we trade the charts first, and try to ignore the news to remain un-influenced in our TA.
But a futures contract is a derivative of Bitcoin and so won't require mining transaction. It's simply traded without actual exchange of bitcoins. This is how Seqwit2x futures traded before the forked coins even existed.
A call or put instrument thus has zero need for miner transaction. Unless one takes delivery but that'll be unusual.
If CME wants to outright own BTC, I'd be surprised.