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I think you are confusing bitcoin exchanges with bitcoin mining pools. 2 mining pools have 52% of the hashing power and a responsible for "producing" bitcoins.
by vanattab 11y ago
I think you are confusing bitcoin exchanges with bitcoin mining pools. 2 mining pools have 52% of the hashing power and a responsible for "producing" bitcoins. The exchanges are basically just places to buy and sell bitcoins. With regards to wither or not Chinese exchanges are deceptively manipulating the price of bitcoin I don't have any idea.
- shawn-furyan 11y agoYou're right. I momentarily confused the two terms. I could see how a couple exchanges, as opposed to pools, would have more unilateral (or bilateral rather) power for manipulating market statistics. Either way, the main question still remains, and it doesn't look like a citation is forthcoming. Going to file this under unfounded speculation for now.