I can see how conspiracies and the possibilities of potentially shady motives might seem more stimulating than boring market stuff, though. Keep up the entertaining drama and watching from the sidelines. If it keeps you distracted from having any real influence, it can only be a good thing
Which conspiracy are you talking about?
Well, let's see... the clue might be in the title of your thread. When people speculate over "
who shot JFK", "
were the moon landings faked" or "
who did 9/11", it tends to involve conspiracy. As is the case when you speculate over the existence of a mining cartel manipulating difficulty.
Would creation of Bitcoin Cash count as one, a conspiracy of sorts?
In your head, evidently. In mine, not so much. That comes down to perspective, I'm afraid. Believe as you want.
Indeed, miners are mining for profits, but that's what I've been always telling at every corner, so what's your point?
That if they're mining for profit, it means they're not intentionally adjusting the difficulty as your OP alludes to. It's just a natural consequence of them chasing the profit. That means there's a distinct possibility it isn't manipulation at all.
and I'm just thinking (you can read that as speculating, if you please) to what effect this kind of manipulation could potentially lead to in the long term (if it is set to continue). As to me, that would most likely lead to people losing their faith and trust in Bitcoin.
If there was somehow a way to force the miners into mining what someone thought was best, that would be far more disconcerting than just letting them get on with it and do what they want. My faith and trust in Bitcoin stems from the fact that
everyone has just enough individual control that no one is in control overall. That includes any miners following any chain they please at any time they please. Bitcoin works best when everyone does whatever the hell they want.
