This whole issue once again shows that there is nothing more than a bunch of douchebags staying behind bitcoin cash. This behaviour can be easily classify as a pure scam.
All altcoins, ICOs and Bitcoin forks are created with the sole purpose of earning the creator money. That's never been a secret, but people seem to keep falling for it over and over again. First shitcoins, then ICOs, now forks, and I can't even imagine what the next step will be after easy-money-from-forks runs out.
Shouldn't BTC be taking some emergency measure and decrease mining difficulty significantly temporarily for a start?
That would mean a hard fork. Considering it takes them years already to simply increase capacity, this won't happen overnight.
Not sure anyone can really do anything about people maliciously spamming the network can they? Genuinely asking.
A very simple solution would be larger blocks: if someone is willing to pay millions of dollars to spam the network: let them, and profit from it!
Currently all Bitcoin users pay much more in fees, all users have to wait much longer, and the only winners are miners.
If you check Bittrex earlier, it is very evident that the rise of BCH was merely staged and coordinated. Nothing was natural, all of it were just made for the money and not to actually support BCH. Charts would tell you that.
I think I shortly saw a 6000 Bitcoin sell wall, that's $36 million worth of Bitcoin Cash! Pump and dump is designed to make very rich whales much richer again, as the little guys start panic selling and panic buying.
Glad to see I've not gone nuts, I think if you're Bittrex and very rich and powerful people say "I want your help pumping BCH" you make it happen, that's just my gut feeling. There's no way to prove it so I'm not gonna say for sure they're in on it, it's just highly suspicious to me that now is the only time I have this problem where I can't dump a coin for BTC.
I didn't use Bittrex today, so I didn't encounter a glitch, but Bittrex earns 0.25% of trades. At $1 billion trade volume, that's $2.5 million, and probably another $2.5 million for the other party involved in the same trades.
One way or another, exchanges love pump and dump actions!
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What ever it may be the present situation is really frustrating for everyone and it will drive people away from bitcoin.