... that I have asked bittrex to block that user for a few days.
please also ask exchanges to ban users with big_scary_walls
Hahaha.
I second that.
Bigger: Wherever we look, the rich (= those who have been (legally) stealing from everyone else for centuries) ... mean pure destruction. They are destroying nature, democracy, social cohesion - yes they are even destroying capitalism itself, turning it into a rigid condensate at the very top of society only, without any "trickling down" any more. 99% poverty seems to be the future fixpoint of the capitalist endgame.
And we here can see it live, every day (and in a libertarian paradise!):
When a whale enters any situation, his massive market manipulations ("walls" ... also think: "Walmart") are harming everyone else, because he breaks the "free market"
price mechanism, single-handedly. So the most "successful" capitalists are hurting capitalism itself - what an irony.
I sometimes imagine that
cryptocurrencies could still evolve further, that bitcoin and its descendants are not complete yet in their ruleset. Perhaps a clever genius could come up with a currency, which is beneficent to the average Joe only, without making the rich only richer? For centuries, the
old money has been falling to the top, out of the pockets of the peaceful majority, into the pockets of the ruthless few (and cryptocurrencies don't change sh*t about that - by the way, that's why a lot of my friends do not even want to start with bitcoin! They don't see enough newness, because it does not really change the underlying rigged game, in respect to the inequality that's automatically created and augmented by (un-attenuated) capitalism).
Perhaps there is a yet unused mathematical trick which could create a different type of currency? Which is -simplified speaking-
"a currency that is unfair for the rich". Redistribution of wealth, better for everyone. Then massive adoption could happen over night, I imagine.
Utopia ... or Oblivion?
Contact me please when you are programming your solution to this 'holy grail' of mankind's next currency
But back to your answer:
big_scary_walls
Perhaps you meant that the order book manipulation had a benevolent intention? Alright, I cross out the "malevolent" from my original text
I start to understand your motivation. You want the coin price to go up (i.e. you are a bull) short-term, so you mean it's good to hide "scary walls" - which might inform people that it's not clever to buy now?
But see what happens next? Such uninformed buyers suddenly realize "oh shit" when they see the big_scary_walls later ... and panicly sell all their coins - and the price might drop even further than without that temporary order book manipulation.
Still, I get your point. Nevertheless, I believe it's better to have informed market participants.
Problem is sorted by the way. See
https://bitcointalk.org/index.php?topic=492758.msg10485511#msg10485511And soon we'll use the new beta.bittrex.com anyways, linked from there too ...
