Criminal banksters making a statement denegrating a financial product whilst similtaneously buying it up is standard behaviour for scum like JPM.
I'm beginning to believe the battle for BTC has already been lost however it doesn't mean they will win the war. BTC is a dinosaur already in the blockchain space and not really practicable as a currency for the average man anymore, if that was their plan to put people off crypto it failed spectacularly, there are so many options now, what are they going to do? Take them all over?
It's going to interesting watching them try, as I'm not convinced all countries are on board, watch this space I guess.
Great write up V.
It's really hard to say, but i do also remember Pakman's interview with Roger Ver the other day where he said that the miners were cheering the record high transaction fees / popping champagne...or something to that effect. This may be just an anecdote but why would the miners (or certain groups of miners) celebrate such a thing?! Unless, they were aiming for that.
https://steemit.com/dtube/@davidpakman/zp9x9utr
Well I've read that BTC mining is becoming more centralized as the cost for ASIC rigs(the only ones that make BTC mining worth it) continue to climb. I vaguely remember a time when you could get decent mining rewards from a nice homemade GPU rig. No more. So if a smaller and smaller group is gaining a monopoly on BTC mining they would celebrate high transaction fees because those high fees would be split among a small and rapidly shrinking pool. Am I off on this?
And Merry Christmas @tremendospercy!
Merry Christmas mate 😉
miners are getting greedy. How can we have network with users and miners being equal?