Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

with every fork on bitcoin the inflation rate is doubled, if they can lockstep the alt-fork coin prices to bitcoins they have pulled off a very effective dilution strategy to thwart bitcoins powerful deflationary attraction forces ... until bitcoin price dumps hard to purge the parasite bastards

With every fork, forks become increasingly meaningless... Wink

"meaninglessness" is not a valid economic measure of monetary inflation ... Wink

currently BTC's own inflation rate is 144x12.5x$10k = $18 million per day (quite a bit of moolah but assume adoption is soaking this up)

now as long as the parasites can lock their prices to btc, i.e. maintain btc:shitcoin ratio constant, let's have a look how much extra inflation crypto has to soak up from the parasites;

- aether 5760x3x$815 = $14 million per day a major parasite on the crypto space, dumping shitcoins with abandon from the pimply-faced russian uber-whiz

- Bcash 144x12.5x$1.5k = $2.7 million per day major bloodsucker riding on bitcoin branding confusion and adding network confusion also

- Ripple ~ who really knows how much they dump since they have 80% (billions) of coins locked to be released at developers/banksters whims (or lawsuits)

- then you can start counting the hundreds of other seriously shit coins and tens of bitcoin chain forks all issuing and dumping coins into the markets and absorbing real fiat inflows

BTC price needs to go on a deep dive to shake off all these scum ... who's with me?!

100% agree about the concept, but ethereum is not a shitcoin and you can't blame it for tokens, as you can't blame btc for forks