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Friday 31 August 2018

Why is Everyone Ignoring the Chinese Elephant in the Room?

It's been well-publicized (though maybe not conclusively proven) that Bitmain is heavily invested in BCH, holding upwards of $600M in BCH alone.

I see an endless waterfall of speculation on this sub about nChain, Ayre, et al acquiring 40% to 51% of the BCH hash rate. Ok fine, that's, best case 51% of the CURRENT hash rate.

Is everyone so naive as to believe that Jihan is going to sit on his hands and allow effective control of the BCH token to be monopolized by the nChain cartel? Especially as his company prepares to enter the world stage in one of the largest IPOs ever recorded? (Assuming the IPO doesn't fall apart.)

Is everyone taking crazy pills?

submitted by /u/BCH-Withdrawal-Prob
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from Bitcoin - The Internet of Money https://ift.tt/2PSlttV

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