Well folks, XBC will not live long if we (the crypto community ) continue to collude with the whale problem.
Exchanges and traders know who these people are and know what tricks they use. Time and time again the troll boxes yammer about the p and d's while the whales, some of them cynically and blatently, rape new coins. The whales in their tertiary blindness and stupidity forget how many people on exchanges are trying to feed their kids.
Whales think they are so clever when all they do is abuse the power they hold. Agreed, the skills and power are built up over years and hard earned but that's no excuse for unfettered greed. We don't want Wall St. in crypto.
Be a clever trader but not a greedy, opportunistic, egotistical pig. Make the profits but within reason.We can admire your skills but detest your activities.
The exchanges, traders and investors must do something to put a limit on outright destructive whaling. Maybe some nubies and traders admire the whales or try to get into the slipstream for a quick buck. Understandable. But think about the cumulative impact it has on us all.
Time to restrict the whales. Crypto is at it's heart about fair distribution and fair profit. Let's not make it too easy for the predators. It only inflates their egos and bank balances. Governments and banks have been playing "gamesofdeception" on us for centuries and thinking themselves heros for it. They get away with it as long as we let them.
Whales will not listen. They will carry on and rationalise what they do in terms of " nothing personal, it's just business ". Time to cull the herd.
Regarding whales and market price right now I would say its best to just hold your coins and be active in the community. We are a brand new coin so prices are going to be volatile, no coin has ever just climbed straight up to the top and many that go up to quickly crash irrevocably. I went on Poloniex to respond to folks spreading an unfounded rumor that I have left this project. Me and bitcoin mafia are wrapping up our website and I can say that Deadlyonetwo3 and Selsonblue have been working on a fantastic opportunity for us moving forward. I've also received countless great ideas over the past day from many users that will add serious value to this coin and proof that we are a serious community. Many of you are writing me very nicely written proposals for projects and I think thats wonderful. Once I free up a moment I will begin to announce these projects and we'll get organized and make them come to life. As I stated yesterday, we will be moving into phase II shortly.
This community is getting very wonderfully organized, I have received a document with a long list of user names and contact information with their collective roles vested into this community. I think thats wonderful, you will be able to know what to expect from who on any medium.
As I always say, if we spend less time looking at the exchange rates for a coin vs. working toward building the coins value, everybody will get what they are after. I have all my coins in my wallet outside of the exchange, the price will be a direct correlation to the inherent value the coin has on its own feet. Early trends are based on speculation, please remember this coin is a new born! I will continue working tirelessly until we build a self sufficient and continually growing community - I won't rest until that happens and I will always be here with XBC.
