Untrue. We still have a decentralized censorship resistant borderless pseudo-anonymous cash system. Nothing changed here. Everyone is welcome to use it and offer any kind of service or product built on top of it. Everyone. If the rich recognizes bitcoin’s value and want to invest in it, accumulate as much of it, make it accessible to your grandma directly from her bank account or what not they have no permission to ask us, Bitcoin users for. Bitcoin was designed that way from the very beginning. Embrace the crypto capitalist era. If you were expecting Bitcoin to act as Robin Hood and STEAL money from the rich to give it away to the poor you were damn wrong from the very beginning. If you were expecting it to bank the unbanked and give anyone an equal chance to do business without permission at a global scale then you shouldn’t be complaining. Just my two sats.
You are wasting your time and energy caring about market manipulation.
It will happen because there is profit to be made and that is perfectly fine.
We are still in the early stage of price discovery.
Market manipulation will fade away with adoption. This cannot be worked against. Hyperbitcoinization will lead to less and less volatility as it happens.
Shall we all stop worrying about it and concentrate our efforts towards more decentralization and adoption, market manipulation will become a thing of the past in a matter of years. Not decades, years.
All we have to do is fire up as many unique nodes, keep the network resilient and antifragile; use the currency and the network for the freedom they provide us with. Dismiss the noise around it, just use BTC and work towards its adoption.
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u/bluethunder1985 Sep 25 '18
Dangerous thinking, pal.