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 …
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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.
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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.
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Replying to @hugohanoi
There business practices, propping up Bcash, was exposed yesterday......
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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.
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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.
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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.
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