Quote from: LFC_Bitcoin on December 05, 2018, 11:34:40 AM

Quote from: BobLawblaw on December 05, 2018, 11:17:15 AM

https://twitter.com/btcking555/status/1070273504011005952

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BTCKING555
‏@btcking555 8 minutes ago

Approached by an investor desperate to liquidate Bitmain shares at $1,5 bln valuation ! Thats almost 90 prc down-round from August !

https://twitter.com/btcking555/status/1070278748606472192

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BTCKING555
‏@btcking555 53 seconds ago

With massive losses, Bitmain has no resources to support BCH. Illiquid BCH falls further hitting Bitmain balance sheet. Suppliers cut off credit lines & buyers wary to purchase equipment. IPO Canceled. Only solution - significant down round and VCs take over? Interesting to see!

Why on earth did they get seduced by Ver on BCH? Utterly retarded, a real school boy error.

What will Bitmain do now going forward, just switch to solely mining bitcoin again & write off their BCH related losses or can they afford to do that?

They were greedy, and they were cheating with ASICBoost and backdoored miners. BCH offered them the flippening and a way to keep their crooked status quo.

Bitcoin's design has made it a FORMIDABLE karma dealer. The longer it holds up against things like Bitmain, the IMF, the BIS, etc. etc. etc. the closer we get to the world actually beginning to realize what it actually is.