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hugohanoi's profile
Hugo Nguyen
Hugo Nguyen
Hugo Nguyen
@hugohanoi

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Hugo Nguyen

@hugohanoi

I chain, therefore I am ⛓️

Joined April 2012

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    1. Hugo Nguyen‏ @hugohanoi Aug 12

      Hugo Nguyen Retweeted Rogue Money Dre

      IMO post-IPO it should be much harder for Bitmain to manipulate the market/do shady shit (like holding back mining inventory) because of greater scrutiny. Any shenanigans would show up in their balance sheet & income statement, which they are obligated to report.https://twitter.com/akaAndre82/status/1028536703819161600 …

      Hugo Nguyen added,

      Rogue Money Dre @akaAndre82
      Replying to @hugohanoi
      Yes but they will probably use massive IPO funds to manipulate the market. Short btc and buy up bcash. Accompanied with a massive marketing campaign.
      5 replies 3 retweets 30 likes
    2. AwyeeBitcoin‏ @DeaterBob Aug 12
      Replying to @hugohanoi

      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.

      1 reply 0 retweets 2 likes
    3. Hugo Nguyen‏ @hugohanoi Aug 12
      Replying to @DeaterBob

      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.

      1 reply 0 retweets 0 likes
    4. AwyeeBitcoin‏ @DeaterBob Aug 12
      Replying to @hugohanoi

      There business practices, propping up Bcash, was exposed yesterday......

      1 reply 0 retweets 0 likes
      Hugo Nguyen‏ @hugohanoi Aug 12
      Replying to @DeaterBob

      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.

      10:21 AM - 12 Aug 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. AwyeeBitcoin‏ @DeaterBob Aug 12
          Replying to @hugohanoi

          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.

          1 reply 0 retweets 0 likes
        3. Hugo Nguyen‏ @hugohanoi Aug 12
          Replying to @DeaterBob

          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.

          0 replies 0 retweets 1 like
        4. End of conversation

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