You are viewing a single comment's thread from:

RE: How Expensive is it to Take over the (PoW) Network of Bitcoin, Ethereum or Monero? Why We Might See More 51% Attacks in the Future

in #cryptocurrency6 years ago

Great point, could definitely be the case. The latter two are quite 'conspiracy-ey' though. Have you recently been listening to what Roger Ver is telling? He speaks a lot about how deep censorship and manipulation is done by the Bitcoin Core people. Sounds a bit like your last 2 points :-P

Sort:  

Yes, I think you mean the interview with Ivan on Tech? I saw it and have heard him speak of it before. I actually don't think it's untrue. I'm pretty sure there is actual censorship against BCH and there actually is a lot of BTC (price/market/media/sentiment) manipulation going on.

But.. the same can be said for BCH obviously.

Still I wouldn't underestimate the power of whales and influencers to work to manipulate the price and market. Quite frankly, I firmly believe that people are willing to spend money in order to use game theory to drive people to do what they want.

When I first entered the crypto space I believed the conspiracy theories were just that too: fun conspiracy theories to entertain us. But as time progresses I find that I have been switching camps and the longer I am in crypto the more convinced I am getting that manipulation is not only real, but potentially a lot bigger than even the theorists are theorizing about. Sometimes I wonder if the price graphs are even price indicators, or rather carrots-on-a-stick.

Also, if we wanna go total tinfoil hat.. let's not forget who owns Blockstream, the company that pays the BTC (core) developers: AXA (insurance), owned by the Bilderberg group.