So I've kind of had a theory developing with a few things I've noticed lately. I am curious if anyone has any thought on it or can help me figure out if I am just over thinking things.
so Jihan Wu CEO of bitmain the largest miner hardware manufacturer was a supporter of BCH in 2017. Now he's a backer of Moeing the theoretical Ethereum 2.0 killer for BCH that also has huge incentives for mining BCH.
There was a lot of speculation over this past correction that f2pool was singlehandedly keeping the price moving sideways by liquidating a ton of BTC. from the speculation I saw it was because the chinese government was forcing them to close mining farms running on coal power something about green initiatives.
so my tinfoil is that F2pool was liquidating BTC to get liquidity to pump the price of BCH coinciding with the launch of moeing as the price rising would attract hashing power and also moeing should ad a lot of value to BCH which would attract hashing power and make a transition for mining BTC to BCH easier for miners. does anyone feel there is any credibility to any of these thoughts or think of any way any of this information can be disproven or verified in any way?
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from Bitcoin - The Internet of Money https://ift.tt/38hqFCm
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