BTC pump

in crypto •  7 years ago 

It looks like some mining companies will go ahead with the sigwit2x according to coinbase. I have to ask myself the reason why I got into the crypto market. I want my currency, no matter what that is, to not be controlled by any group, organizing, government or any regulating entity. With that being said, if miners control the block chain you are in, they control your transactions and how much they make off mining or some called verifying your request to move money to peer to peer. Bitcoin cash was a attempted to make this happen and the miners get rich. Does that sound familiar? Sounds like that banking system we all have in our lives as we speak. Banking systems that pay 1 penny a month on interest for $100, take your money and make a ton more of your money, is a scam. I could go on and on. With the idea of the fork still happening, you are likely to see a pump in BTC again, yet another way to manipulate the market. I have just received this info and I am unsure if its correct or not. If it was to be true. Watch of the pump and dump.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I agree 100%. BTC is becoming too centralized. Miners have way too much power. This is why I like alts, especially Vertcoin. The People's Coin prevents centralization.

I also think that this is because of the "lightning network" being developed. This will change the way mining happens and how much they make.