Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LewisPirenne
on 30/12/2017, 00:41:33 UTC
This is just to note that there is no reason why a bankster coin should be worth more than the banksters it serves.  Because if that is the case, the said banksters can always just issue another bankster coin mk. II and extract even more rent, and we already know the marketcap for the likes of JPM or GS.  

On a side note, that 35K BTC whale is still sending out large batches of tx and ironically making the BTC fee market and daily tx count looking far better than it is.  Though the fee for those tx have gradually decreased from 1K satoshi per byte to 950, etc., to 650 and now 535 satoshi/byte, the number of tx has doubled.  This is costing him between $500K~$1 mio per day min in terms of fees.