You are viewing a single comment's thread from:

RE: The r0ach report vol 2: Bitcoin analysis & Ethereum rough consensus attack

in #blockchain • 8 years ago

here's what the China whale miners do. They say, oh, nobody buying? Well, screw you. I'll just dump all these mined coins to crash the market while simultaneously shorting to make money off the crash.

Isn't centralization wonderful. And there are the 50 whales @ Steem who decide everything around here.

8 years ago in #blockchain by
$0.00
    1 vote
    Reply 2
    Sort:  
  • Trending
    • [-]
     8 years ago 

    Well, there are competitors coming out there. If whales do not behave fair, people will leave here. Today I found out about this one:

    https://www.yours.network/

    A social network based on bitcoin that will come out soon.

    $0.00
      Reply
      [-]
       8 years ago 

      https://www.yours.network/

      I wrote about it on July 29:

      They take a different approach, which is that as a curator you invest in content by tipping it, then you a portion of get downstream curators' tips. Therefor, they don't need their own token to debase (instead they use Bitcoin), as they are assuming people will want to pay their own individual money in order to invest in making money from curating.

      The problem I see with this model is that it requires too much cognitive load on the user who just wants to use the site. The higher the cognitive load, the lower the adoption rate. So sorry, I am thinking this idea will fail.

      $0.00
        Reply

        Coin Marketplace

        STEEM 0.16
        TRX 0.16
        JST 0.031
        BTC 59559.24
        ETH 2523.49
        USDT 1.00
        SBD 2.42