According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.
According to these figures, to sustain the price of bcash Bitmain has had to purchase more than 10% of every bcash coin that has ever even moved, which is 8.4 million according to forks.network/dashboard/db/index?orgId=1
selling just 30k of BCH will destroy the whole orderbook on bitfinex.. there's absolutely no way they can sell it.
>the guy with the most btc hashpower has been dumping it for bch >this is good for bitcoin The delusion of corecucks
Thomas Jackson
>Create a bear market to pump your shitcoin >Shitcoin doesn't pump and instead dumps ass as the market dies because of you >BUY MY FUCKING IPO PLEASE I CREATED THESE BAGS WHICH ARE HEAVIER THAN A COLLAPSING STAR AND I NEED SOMEONE ELSE TO HOLD THEM WHEN THEY TURN INTO ACTUAL BLACK HOLES My sides
Bentley Wood
Absolutely delusional
Jordan Murphy
The timing of their ipo and all this news is weird
Anthony Morris
>implying selling 30k btc wouldnt do the same
Adam Martinez
They bought BCH for BTC at a ratio between 5:1 and 10:1. They hold a large amount of BCH. The demand for BCH ist low. They cannot liquidate their funds. With BTC it would be much easier. They bet on the wrong horse because of they greed for control. And they are punished for it.
Yeah problem is the moneys coming back out where their ass is
Parker Turner
Maybe I’m wrong, but bitcoin cash I think is going to go for another flippening
Angel Ramirez
You are wrong. They are doing an IPO so they can get rid of their bcash bags because they lack the liquidity to do it otherwise. They are basically using the company to exit scam.
Charles Adams
RIP cashies you were dumb and retarded and won't be missed.
Yes Jihan is clearly playing checkers fucking himself out of hundreds of millions before doing a very obvious IPO where he is able to basically sell his ownership of his BCH bags to new people.
Easton Bennett
>Most likely power to centralize Bitcoin mining network jumps ship >Implies this is bad some how
oh ok since samson mow said it then it must be true.
Owen Miller
is there any bagholder more cucked that cashcucks?
buying a free chinese airdrop token that has been (poorly) propped up by a single miner?
Levi Morgan
this is the definition of a cuck lmao. cashies btfo
Liam Lewis
I wonder what is going to happen when the IPO is over and they stop paying for shills because they have divested themselves of their bags. I wonder how many bch shills will be left.
Jeremiah Gray
It just means he has no incentive to not attack btc In fact he is now incentivised to attack btc So that bch does succeed
Ayden Williams
Spoken like a true corecuck. Why would they want to liquidate? He wouldn't be able to liquidate corecoins anyway, since he has so many. Jihan never sold any of his personal coins for money. I see it as he made a great deal, he basically increases his BTC by 10 when the market catches up and realizes coreshit can't work. That's why you're poor and he's not
Jayden Flores
fuck your mother if you want fuck
Connor Young
Bitcoin's network is working as intended. It is focusing on security rather than transaction throughput. The market doesn't need to "catch up" to anything, it has made up its mind. If you want to have the highest TPS, use paypal, visa, or ripple. You'll come to realize there's always a compromise between TPS and network security.
Kevin Phillips
Yeah, what? Whats your point? Hes right dickhead lol.
Landon Bennett
The best thing that could happen to the biggest miner of btc right now is the collapse of btc into bch If you think thats a secure blockchain youre gonna have a bad time
Christian Ross
Cope
David Reyes
You think jihan wants the price of bch to go down?
Luis Rodriguez
>You'll come to realize there's always a compromise between TPS and network security.
No there isn't, paypal and visa are secure and fast. Bitcoin is slow because it's poorly designed and the adhoc fixes are treated as "enhancements".
Carter Anderson
Well, what happens when you add up the hashpower for via btc, btc.com and ant pool? And I guess coingeek now, both chains
What does that give you user. What does it mean.
Bch soon is going to have to most capacity and actual adoption.
The only thing in bchs way right now is lack of fiat gateways, otherwise it has all the fundamentals , btc has none.
You have less than 3 months, writing is on the wall.
