Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
mymenace
on 04/06/2018, 20:14:36 UTC
So what are people implying here?

That's ASIC owners were also the coin pumpers and manipulators?




Some points:

- Hashrate was DOMINATED by "unknown" players last year and up to the HF.
- This was often attributed to botnets.
- 2 manufacturers produced CN ASICS around the time of this increase
- The moment the hashing alg was changed >60% hashrate disappeared.
- Three versions of the old chain were created (XMC, XMO, XMsomethingelse)
- Much of the displaced hashrate seemed to go to these chains.

It has been suggested that tBitmain created the ASICS, burned them in for a while (what?  6 months? lol)  And thten put them on the market.

It has been suggested that Bitmain (or some other ASIC manufacturer) created one or more of the "classic" chains to continue to be mined by ASICS.

It seems Zooko met with Jihan Wu and determined by feels that Jihan had nothing to do with the extra hashrate or the forks.

Butterfly Labs

Wonderful story, one of the first of its kind with a few others around then

Asic hardware and hardware mining companies need full transparency to determine legitmacy, unlike what you would expect in the gold market

Explains how it all works.
https://www.theverge.com/2014/9/23/6833047/bitcoin-conspiracy-theorists-vindicated-as-ftc-shuts-down-butterfly-labs



How to play the market

just play the scam (in other words all markets have a collective that can dump at any time - fiat, stocks, gold, crypto)
follow the whales, buy the dip

its a buy the dip scheme

https://www.youtube.com/watch?v=0akBdQa55b4