What if ...

[jonald_fyookball]

You aren't understanding right. What if that is just what you think?

don't make me go off on a philosophical rant about the nature of awareness and certainty.
We always don't know what we don't know.

But what I do know is that the exchange price has nothing to do with the code.  if you can't understand that, I don't know what to tell you.

[btcxyzzz]

THERE IS NO "MANIPULATION". IT CAN"T BE. COINS ARE NEEDED TO MOVE THE FIRST TRUE MONEY MARKET IN WORLD HISTORY!
It's only if someone is emitting USD to bury Bitcoin, or using faked USD to to the same like Mt.Gox was. But that's more of a fraud than manipulation.

Won't you people get that finally?

[Flashman]

Pretty much all the exchanges are "off chain" anyway, blockchain gets BTC into them, and BTC out of them, but on the actual exchange, they maintain their own ledger. It's kind of like claiming the US postal service manipulates Amazon pricing.

[Jamie_Boulder]

Lets say what if bitcoins price is being manipulated be some smart guys we don't know about.
Lets keep a open mind,it would be possible would it not? Some kind of failsafe hidden code only a few VIPs have?Maybe not even a code per say,lets just say their is a hidden protocol to cause a rise in price and their is a protocol to do the opposite. What if
?

That makes zero sense.  Price is controlled by buyers and sellers, not the protocol code.

How the fuck are we going to get a conspiracy theory going here if you keep pointing to reality?

LOL

[franky1]

the bitcoin protocol (blockchain) is open source and hundreds of people have looked at the source to know it has no hidden code.

but the OP is not talking about the blockchain/protocol. the OP is talking about the crappy PHP exchanges that may hav crappy code. for instance all the so called exchange hacks and malleability code where PHP programmers have not done much security bug fixes to ensure that people cannot mess with exchanges.

again bitcoin blockchain protocol is safe. but we cannot blindly trust exchanges, as they are the places people look to for value.

i have seen it myself on a few exchanges where people can buy cheaper coins than whats on the order lines. many have talked about hacks and backdoors of exchanges so the OP is correct. the crappy exchanges do have potential to me messed and manipulated by smart people.

what is needed is no more crappy basement dwellers hobby sites offering exchanges, but proper security grade exchanges, which hopefully things like circle and the winklevoss exchange will bring to the community.

once there are truly trustworthy exchanges that meet or exceed the security of the world stock exchanges, then the trust of bitcoin true value can be obtained.

for now the only closest we can get to a true value is localbitcoins/OTC swaps as they are deemed to be more direct bitcoin for fiat trades as oppose to MySql database alterations