Post
Topic
Board Speculation (Altcoins)
Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?
by
o48o
on 06/07/2023, 10:07:39 UTC
Well he is being sued over dogecoin price manipulation for more money then he owns, so he probably ends up paying a lot. And even after he was sued he seemed to double down and continue. Now there are more evidence against him. But this is going to be such a big case as he is a powerful individual that it will take ages to proceed to actual court. Depending who rules the congress then, this could be end of the era where musk is the richest guy in the world.
I have absolutely no faith in the seriousness of this claim. Yes, we all understand that in fact Musk is a manipulator and he chose DOGE for a reason. But how to prove it! You need hard facts in court. Linking the wallets to Musk's accounts. How to do that? His lawyers will give the jury enough reasonable doubt
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You can't absolutely prove anything but math. So it isn't that much about proving it as it is using evidence to convince the grand jury to believe he has committed a crime.

And about that evidence: Linking wallets to ID is actually easier today thanks to groups like chainalysis, and it doesn't need to be Musk's own wallet that benefits from it for him to be guilty of market manipulation. He also has stated publicly that his son owns Doge. "Just kidding" isn't going to be a defence for it in the world of adults.

To top of that musk seems to keep up giving middle finger to whole justice system, and even if justice is blind, i am guessing that won't improve his changes in this case.