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Author Topic: This is why I am out of Bitcoin for the time being  (Read 612 times)
russelluk (OP)
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November 13, 2017, 03:22:50 PM
 #21

It's not an attack. It's the free market at work.

Nobody owns the miners and their hashrate - they get to decide what to mine. Nobody owns the investors - they get to decide what to invest in. Nobody owns the merchants - they get to decide which coins to accept.

You have to COMPETE for all their business. If you can't be bothered to compete and can't be bothered to listen to your customers you have to expect that some will simply walk away and find an alternative.

Claiming this is an "attack" is like Starbucks angrily denouncing customers who moved to Costa Coffee when they found out that Starbucks wasn't payinhg taxes (and Starbucks share price fell as a result). It's the free market at work - what did you bloody expect?

So do you honestly believe with everything that went on over the weekend that this was just the free market at work? There is plenty of evidence that the Bitcoin mempool was being flooded with smaller transactions with high fees. If it is then you can expect regulation is just over the horizon for exchanges and these kind of markets. This kind of action wont be tolerated in the long term. This attitude saddens me.
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November 13, 2017, 03:29:15 PM
 #22

I don't know if he does honestly believe it.

There was just another attempted pump. The pro-BCH commentators mostly come out at each pump attempt, it's the same in the trollbox on YoBit, it's like clockwork.

It's almost like someone's paying them or has a legion of sockpuppets.

But they would never stoop to that obviously, so it's just my imagination.  Grin

For sure some are genuine BCH believers though, but lots of sockpuppets around I think.

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