Topic: BCash goal to undermine US Govt? (Read 197 times)
I doubt that any politics is involved here. Bitcoin Cash and its recent jump might be explained only to weaken Bitcoin positions and let people selling their BTC. Then large players can buy BTC for fewer prices and earn much when it starts growing again.
I do not think that politics is in the foreground, although this is not ruled out, since the undeclared trade war between the US and China is still underway. Most likely, here is the usual one. The struggle of different factions for influence on the market and for the right to receive greater profits.
I've starting wondering after seeing just how obviously manipulated the recent BCash pump appeared.. if BCash is an attempt to undermine US govt financial power. Lets face it.. the US dollar has a lot of pull. Bitcoin has the potential to reduce that. I'm ok with a truly decentralized currency becoming powerful.. but if the currency is centralized by Chinese mining cops.. then I'd say that is a million times worse than the US govt controlling US fiat. Does anyone else think this attack on the more decentralized Bitcoin might have political motivations?
Jump to: