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Read this for a good primer https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a https://medium.com/

by craigc 8y ago

Read this for a good primer https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a https://medium.com/@super.crypto1/4th-dimension-bitcoin-mani... There are also documented case studies of banks paying to fund studies designed to harm crypto currencies or produce content. For example: https://www.cnbc.com/2018/02/22/poland-central-bank-paid-youtube-star-for-video-about-cryptocurrency-crash.html https://www.cnbc.com/2018/02/22/poland-central-bank-paid-you... A lot of the FUD attacks in the media have also been fake in order to create panic selling. For example: http://m.scmp.com/business/article/2132379/us-news-groups-targeted-bogus-email-claiming-widening-hong-kong-bitcoin http://m.scmp.com/business/article/2132379/us-news-groups-ta... There are also clear coordinated attacks from CNBC such as a couple weeks ago when Warren Buffet, Charlie Munger, and Bill Gates all got together to trash Bitcoin. These are carefully timed and executed attacks.

sp527 8y ago
Okay. The medium post is written by 'SuperCrypto' and begins with this disclaimer: > As many people are reading this, I would like to remind all — Please take this as an opinion only I'm going to go ahead and not even bother dismissing that one. The CNBC article. You applied a Fox News worthy amount of spin to what really happened. The central bank of Poland decided to warn its citizens against the dangers of speculating in cryptocurrencies. The SEC has done the same. The former simply adopted a more creative approach targeted at a high risk population: millenials. Crypto is rampant with fraud. This isn't news. I'm not even sure why you linked the scmp article. From there: > The bogus invitation could be a ruse by traders seeking to profit from a further decline in cryptocurrencies including bitcoin on the futures market, analysts said. Enough said. > There are also clear coordinated attacks from CNBC such as a couple weeks ago when Warren Buffet, Charlie Munger, and Bill Gates all got together to trash Bitcoin. They're all close friends/business partners and have been for a very long time. It's neither surprising that they concur nor that their opinions were sought within roughly the same timeframe. Buffett and Gates are the two most publicly generous contributors to charitable and philanthropic causes around the world. You decided to call into question the motives of perhaps the two wealthy individuals on this planet who are least likely to have malicious intent, based on the evidence. As far as I can tell, you're the real shill. Weaponizing a combination of FUD and conspiracy theories to do whatever you can to resuscitate the value of your ill-advised crypto holdings. I can't fault you for being human I guess.
- craigc 8y ago
  I appreciate the level-headed rebuttal. Usually people get very angry and throw reason away in online forums. I am not claiming with certainty that this stuff is true, but as someone who has been following crypto markets pretty closely for a while now, it is very apparent to me that it is and has been happening. Perhaps some day there will be some independent, investigative journalist that proves it, but for now it is all just speculation. I somewhat disagree about Bill Gates and Warren Buffet’s intentions though. I believe strongly that wealthy individuals and banks and governments are very scared about the threat that crypto currencies pose to their wealth. The more money that moves into crypto currencies from the traditional financial system the more they have to lose. Also some of the quotes they are throwing around are not those found in a well educated debate, but rather childish, playground insults: “Probably rat poison squared” – Warren Buffet “A rare technology that has caused deaths in a fairly direct way” – Bill Gates “Worthless, artificial gold” – Charlie Munger “A scum-ball activity.” – Charlie Munger “It’s just dementia. It’s like somebody else is trading turds and you decide I can’t be left out.” – Charlie Munger Nearly as bad as trading “freshly harvested baby brains” – Charlie Munger If they really did not feel threatened by Bitcoin or think there was something there, they would keep their mouths shut.
  - sp527 8y ago
    Or maybe it's that crypto is the most notorious economic and technological development of the past decade and they are collectively (and rightfully) considered experts in those domains? And have you entertained the possibility that they're right and you're wrong? Or would that be heresy according to the canon of crypto jihadism?
    - craigc 8y ago
      They are right that Bitcoin has caused death in a direct way, and it is like trading harvested baby brains? No, I have not. Perhaps you would like to read my reddit reply to Bill Gates from when he first made that comment: https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/dux7u5o/ https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_...
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by craigc 8y ago

sp527 8y ago

Okay. The medium post is written by 'SuperCrypto' and begins with this disclaimer: > As many people are reading this, I would like to remind all — Please take this as an opinion only I'm going to go ahead and not even bother dismissing that one. The CNBC article. You applied a Fox News worthy amount of spin to what really happened. The central bank of Poland decided to warn its citizens against the dangers of speculating in cryptocurrencies. The SEC has done the same. The former simply adopted a more creative approach targeted at a high risk population: millenials. Crypto is rampant with fraud. This isn't news. I'm not even sure why you linked the scmp article. From there: > The bogus invitation could be a ruse by traders seeking to profit from a further decline in cryptocurrencies including bitcoin on the futures market, analysts said. Enough said. > There are also clear coordinated attacks from CNBC such as a couple weeks ago when Warren Buffet, Charlie Munger, and Bill Gates all got together to trash Bitcoin. They're all close friends/business partners and have been for a very long time. It's neither surprising that they concur nor that their opinions were sought within roughly the same timeframe. Buffett and Gates are the two most publicly generous contributors to charitable and philanthropic causes around the world. You decided to call into question the motives of perhaps the two wealthy individuals on this planet who are least likely to have malicious intent, based on the evidence. As far as I can tell, you're the real shill. Weaponizing a combination of FUD and conspiracy theories to do whatever you can to resuscitate the value of your ill-advised crypto holdings. I can't fault you for being human I guess.

craigc 8y ago
I appreciate the level-headed rebuttal. Usually people get very angry and throw reason away in online forums. I am not claiming with certainty that this stuff is true, but as someone who has been following crypto markets pretty closely for a while now, it is very apparent to me that it is and has been happening. Perhaps some day there will be some independent, investigative journalist that proves it, but for now it is all just speculation. I somewhat disagree about Bill Gates and Warren Buffet’s intentions though. I believe strongly that wealthy individuals and banks and governments are very scared about the threat that crypto currencies pose to their wealth. The more money that moves into crypto currencies from the traditional financial system the more they have to lose. Also some of the quotes they are throwing around are not those found in a well educated debate, but rather childish, playground insults: “Probably rat poison squared” – Warren Buffet “A rare technology that has caused deaths in a fairly direct way” – Bill Gates “Worthless, artificial gold” – Charlie Munger “A scum-ball activity.” – Charlie Munger “It’s just dementia. It’s like somebody else is trading turds and you decide I can’t be left out.” – Charlie Munger Nearly as bad as trading “freshly harvested baby brains” – Charlie Munger If they really did not feel threatened by Bitcoin or think there was something there, they would keep their mouths shut.
- sp527 8y ago
  Or maybe it's that crypto is the most notorious economic and technological development of the past decade and they are collectively (and rightfully) considered experts in those domains? And have you entertained the possibility that they're right and you're wrong? Or would that be heresy according to the canon of crypto jihadism?
  - craigc 8y ago
    They are right that Bitcoin has caused death in a direct way, and it is like trading harvested baby brains? No, I have not. Perhaps you would like to read my reddit reply to Bill Gates from when he first made that comment: https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/dux7u5o/ https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_...

deleted 8y ago

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