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RE: People are selling their altcoins for Bitcoin before August 1 so they get free Bitcoin Cash

in #cryptocurrency7 years ago

Great post, but I see something different here. This Surprise is really no surprise, I see this as a sweetener and reward for the Cartel in order to move forward especially those heavily invested in mining operations. This move gives them a chance to potentially double their holdings with BCC on their way out of the BTC game as well as giving them a chance to retool their operations in a different direction although I wouldn't be surprised at all if they simply cashed all the way out of BCC and moved on to other greater scams. Although there are really no losers here except those who are rushing in at the last minute to buy BTC only to find themselves stuck with third parties who weren't prepared for this and so their BCC double up turns into leprechauns Gold and then panic and sell their BTC low thinking the world is coming to an end. The Reliability of Crypto is the real looser here and again these greedy cartels behaving no different then the FIAT institutions that we are trying to escape by coming up with a US FEDERAL RESERVE worthy mega Inflationary move conjure a new coin whose value is derived from one which they themselves already possess en masse and the gullibility of make a quick buck geniuses myself included. My question is? What's next? The Jedi coin is what this should be called or the force coin or the faith coin. But really what's next? If communities can seemingly just surprise us like this anytime is crypto really valuable can it be trusted? Is it truly decentralized? and I love decentralized but it doesn't have to mean disorganized or decencyfied "new word here". I'm rambling but this is not good, this magical coins are going to hurt us in the long run.