Small question. I was looking at the top 100 ritchest list and I am wondering why both mintpal and bter are holding such enormous amounts of coins?
Does this have anything to with the 2 attack from the past?
What is to stop them from manipulating the price as they see fit (I assume this is not regulated)?
Yesterday the mintpal line said -10%. If they keep gradually dump their coins, this we keep prices very low for a very long time..
The Coins held by MintPal and Bter are not owned by them. They are owned by the the individual investors/ traders on the exchange. The MintPal and BTer balances will go up and down as individuals move coins in and out of their wallets. In that sense the lower the balance on the exchange potentially the more coins in wallets available for staking.