Quote from: KingSchultz on May 13, 2014, 05:29:06 AM

Quote from: ranlo on May 13, 2014, 05:00:22 AM

I could tell the dumps were going to happen long before they did. Soon after BC was launched there were already wallets with 1m+ coins. I always figured the multipool was a front so that it would raise the price (so the people with the coins could make an exit at the peak, dragging the price back down, and then back up again daily with the pool so they could sell more).

Doesn't really make sense.

1) The bigger wallets held pretty damn strong through the 9k > 95k > 20k run. Overall, large holders have had every chance but haven't unloaded like they do in most alts.

2) The pool buys algorithmically all day long on dips. If the pool bought the price up for these theoretical dumps you're talking about, the profitability for miners would be shit. The multipool HAS to be competitive or better in profitability with the big boys to be successful. And it has been both profitable and successful. The hash rate at the peak of V1 was in the ballpark of the big BTC multi's. The multipool devs have plenty of incentive to run a legit pool for their standard 2%... their earnings potential is massive here. I applaud them for working so hard for it. V2 is a great piece of development.

My fault, you're right. I was for some reason under the impression that the big dumps that were happening multiple times a day (at peak value periods) were dumps. I apologize for the misunderstanding.