> whereas every single transaction in the Bitcoin network is visible to everyone and, moreover, cryptographically verifiable by everyone. It’s pretty easy to h

> whereas every single transaction in the Bitcoin network is visible to everyone and, moreover, cryptographically verifiable by everyone. It’s pretty easy to hide wash trading in the ledger to manipulate the price of bitcoin to artificial levels. Just because transactions are public doesn’t mean that there isn’t associated data hidden (eg, identities, if dead wallets are really dead, etc etc). Bitcoin may be great, but to say it must succeed because it’s transparent doesn’t address the risk that there is no basis for value and it’s only purpose is speculation and tricking a greater fool to keep the price up.