Its not about "manipulating". Bitmain thinks that if they can prop up Bcash until the halving that Bcash will emerge the "winner". I guarantee they use the IPO funds to contuinue to prop up Bcash.
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All I’m saying is their activity should be reflected in the financial statements. If they are propping up BCash people would know & lose confidence in BCash. Shareholders would not be happy either, trading is not their core business.
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There business practices, propping up Bcash, was exposed yesterday......
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I don’t think BCash can “win” by just having Bitmain propping up the price forever. Your funds can only prop up the price so far. BCash must *dominate* Bitcoin in hash rate & market cap. Anything else is begging to be 51-percent-attacked in the long run.
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Its not forever. They think they have only have to prop it up until the halving, less than 2 years away. Im not saying they will be successful in the end but its what they will so.
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The halving applies to Bitcoin too... I don’t see how that changes the outcome?
It’s about relative hash rate/market cap compared to Bitcoin. Being 2nd-place means you‘d always be vulnerable to 51% attacks.
End of conversation
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It'll be harder, yes. But burying info in a side note of a 250 page quarterly report is easier than you think. Also, "creative accounting", and worse.
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Good point. Yeah it won’t be perfect, but at least there would be something... faking cash flows is hard
End of conversation
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its china. theyll just lie in their reports
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Thats funny
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