Quote from: nunya_coin on March 24, 2014, 06:22:01 PM

Quote from: David Latapie on March 24, 2014, 06:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I can tell I'm going to be in the minority on this, but I think this is a case where correlation != causation. The pool is still only buying once per day as far as I know so it's not like the latest correction was caused by pool buy support suddenly disappearing. I think the spike to 9k and subsequent correction are simply whales trying to piggyback a pump & dump on the steady climb we're on. Given the resilience we're seeing I'm not concerned about any of it. It is exciting to watch though.

The situation is just people manipulating the market, and their manipulation coinciding with pool activities. They waited until the pool went down for any update, and dumped then.