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Isn't there a self-reinforcing positive cycle that can be manipulated here, i.e. large bcash holders manipulate the price up, making it more profitable to mine,

by nugget 9y ago

Isn't there a self-reinforcing positive cycle that can be manipulated here, i.e. large bcash holders manipulate the price up, making it more profitable to mine, attracting more press (like this article), attracting more miners, making it seem like a more popular network, attracting more speculators, driving the price up, making it more profitable to mine, etc...

discombobulate 9y ago
Bcash could end up being China coin. Edit (throttled): bcash is bitcoin cash. 'bcash' is used to discredit it as 'bitcoin'. I like it b/c it's funny. China coin: https://twitter.com/zaoyang/status/897111083588231173 https://twitter.com/zaoyang/status/897111083588231173
- RandVal30142 9y ago
  >Bcash What is bcash? >end up being China coin Huh?
- natch 9y ago
  Your post should win some kind of award for how confusing it is. Can't tell, when you say bcash, whether you mean bcash the term, or bcash the thing. I'm not asking though. Moving on...
  - discombobulate 9y ago
    The term is in quotes. Edit: I think some of the problem is I'm talking to n00bs
    - natch 9y ago
      Who isn't a n00b with bcash?
      - discombobulate 9y ago
        It's a lot like Bitcoin. So ... Edit: & if you think I was talking about specifically bcash (wrt n00bs), then either I'm not clear or you've got the wrong end of the stick again.
Torai 9y ago
It sounds like what BTC has been doing. And aren't large BCH holders also large BTC holders?
- mirimir 9y ago
  Yes. If I had a lot, I would be scheming about how to cash out the loser at its price peak. And maybe buy more of the winner on its way up. But I don't, so I'll probably just ride it out, and trust that at least one of them will retain value.