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Author Topic: Gox price manipulation existential threat to Bitcoin  (Read 306 times)
revans
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April 12, 2013, 02:08:26 PM
 #1

Bitcoin has a central bank in MtGox, and like all central banks it can't resist engaging in price manipulation. By trying to prevent a necessary crash they  are preventing true price discovery which in the end is the only way any crypto currency can gain widespread legitimacy.
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