Re: Chinese Miners Revolt, Announces Plan to Hard Fork to Classic
the miners and the big exchangers are forming a gang. so, BTC belongs to them.
"Gang" is such a loaded word. The miners are free to cooperate with each other and with exchange owners. No racketeering laws in Bitcoin, that's outmoded statist thinking.
If cooperation serves the miner's rational self-interest (maximizes their monetary profit$), that's what they should do.
cartels(biz gang) means monopoly and price manipulation. this is what is happening. all the BTC trades are manipulated. if you are good with this then it's without ...words
Of course unregulated markets are manipulated, that's why anti-monopoly laws (i.e. intrusive government regulations interfering with free market) were created by
The whole point of Bitcoin is to make it impossible for jackbooted statist thugs to interfere with the divine workings of teh Invisible Hand via threats of violence.
Bitcoin is working exactly as it was meant to, which is to say