Re: rpietila Altcoin Observer

Now wonder who have interest to weaken both XMR and BBR communities by playing them off against each other...

It is a kiss of DEATH to Bitcoin if some "there" try to quench the "competition".

The Monero camp is composed of large Bitcoin holders and if we collectively withdraw our support, at this point it means a steep dive for Bitcoin.

I did not even mention the possibility that other honest bitcoiners might also want to switch allegiance. I know there are many. Bitcoin attracts scammers but also honest people.

Seriously...... I am trying to understand what you are saying, but it seems you are suggesting that a few big bitcoin holders can collectively tank Bitcoin. If this is the case, then Bitcoin is the biggest scam ever.

I have always held that old holders have to divest theirs coins for Bitcoin to move forward, I think your statement makes me certain of that sentiment now.

Please sell your stash asap so we can all move along.

Yes...the suggestion that there is a 'group' of holders 'supporting' the price (or able to influence it) might have held water in 2011, but not now.

What a strange thing to say: even if it was true, revealing it on a public forum would be foolish and reckless.

It does sounds like openly inviting Murphy to join the party

https://en.wikipedia.org/wiki/Murphy%27s_law

Better to be honest and upfront about it imo.

I think it's commendable that someone like rpietila is willing to be quoted in places like the Washington Post saying such things. It's like the opposite of what the Dogecoin people did. They sold a false fantasy world to people who had no understanding of economics or the crypto world in general. And that's why so many people resent a lot of those who pushed people in to Dogecoin so hard.

I don't know any exact numbers, but the amount of coins that groups like the Bitinstant four, |)ruid and associates, and other orginial stake holders have is a seven figure number almost certainly. I remember rpietila used to do research relating to this in an attempt to rank people based on their BTC holdings. I'm not sure if he's still interested in that now though.