r0ach



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Re: China & Eth scammers suppressing BTC till they find someone to dump their Eth on May 12, 2016, 07:32:19 AM

Last edit: May 12, 2016, 07:59:54 AM by r0ach #9 Quote from: worhiper_-_ on May 12, 2016, 06:18:48 AM Why are people trying to paint China as the evildoer in all this? The Chinese hold a strong portion of the bitcoin market, why would they try to keep it down? China is generally doing a lot to keep bitcoin up while systematically ignoring ETH, so I'd say that the contrary of what OP says is true.



Chinese are insane gamblers and a lot of them bought into Eth. One of the Chinese VCs that used to screw with Bitshares put far more money into Eth. It was THE WEST leading in price when Bitcoin went over $470 and China attempted to stop it on purpose. This is a fact. I keep up with each exchange's movements daily and can easily tell who is doing what. It's always extremely obvious when the Chinese are trying to raise or lower price.



For example, when the price of BTC goes over $1000 and Eth has some enormous dump in the process going to something like 0.006, they not only make no money in the process of the BTC rise, they lose money due to the Eth implosion. They're desperate to find someone to dump their Eth on first. It was not chump change that pumped that Eth scamcoin to $1 billion market cap. It took a lot of money to get there. Now they have to try and micromanage BTC and Eth at the same time to not get slaughtered in Eth holdings.



When I said Eth is a scam, I was not bullshitting:



Quote from: r0ach on May 12, 2016, 07:20:43 AM



https://bitcointalk.org/index.php?topic=1427885.msg14601127#msg14601127

Even Gmaxwell finally came out of the closet calling it a scam:

When I said IOTA is a permissioned ledger extortion scheme I was not kidding either:



Quote from: r0ach on May 11, 2016, 04:08:27 PM



<bsm117532> r0ach: I wouldn't worry about permissioning, Iota doesn't have any kind of consensus or UTXO set...it's entirely unworkable.



http://bob.mcelrath.org/

Add another refutation concerning the validity of IOTA to the thread: r0ach: I wouldn't worry about permissioning, Iota doesn't have any kind of consensus or UTXO set...it's entirely unworkable. Chinese are insane gamblers and a lot of them bought into Eth. One of the Chinese VCs that used to screw with Bitshares put far more money into Eth. It was THE WEST leading in price when Bitcoin went over $470 and China attempted to stop it on purpose. This is a fact. I keep up with each exchange's movements daily and can easily tell who is doing what. It's always extremely obvious when the Chinese are trying to raise or lower price.For example, when the price of BTC goes over $1000 and Eth has some enormous dump in the process going to something like 0.006, they not only make no money in the process of the BTC rise, they lose money due to the Eth implosion. They're desperate to find someone to dump their Eth on first. It was not chump change that pumped that Eth scamcoin to $1 billion market cap. It took a lot of money to get there. Now they have to try and micromanage BTC and Eth at the same time to not get slaughtered in Eth holdings.When I said Eth is a scam, I was not bullshitting:When I said IOTA is a permissioned ledger extortion scheme I was not kidding either: