Topic: Theory on Ghash situation. price manipulation. - page 3. (Read 2961 times)
Just how "deep in management" you think 2 or 3 people go? I doubt this is a Fortune 100 company.
I tend to think that yes, this was a price manipulation. If so it's a great time to get in.
-bm
-bm
i've always thought ghash was a great pool and still is. the strangest thing about this whole situation is the contradiction between their previous interview (against 51%) and then of course their actions that followed. making me think it was simply some corruption happening deep within management. i probably dont have enough evidence {hence why its a theory} but the biggest clue is the btc price. when they passed 50% there was a large drop and then it seemed there was a very large amount of bidding and bullish movement right before they pulled a portion of their hash power out of the pool. if this was simple price manipulation it was a great move but you would think it would damage their business more than anything, which is why i think it was out of the interest of a single or small handful of individuals with ulterior motives and of course going against what the public wanted them to do (keeping the network decentralized). in the end i applaud ghash because it could possibly give the dev team a reality check while its still early in the game. keeps them on their feet. thoughts?
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