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BitcoinCash Centralized

BitcoinCash Centralized

The main reason I made this post is because crypto is about decentralization and equal oportunity for everyone, not for only a few.

There are many ways a coin or any project can be centralized or manipulated and the math is easy it’s when one single entity holds a high amount of it, in this case its BITMAIN, they recently came out with promotional material of their IPO but that’s not the topic here, for all the Bitcoin Cash BITMAIN holds 1,021,316 Bitcoin Cash Tokens, this amount of coins is absurd, they can just break the price of Bitcoin Cash on any exchange they want or even a couple at the same time.

Holding this amount of coins is an indicative they haven’t been selling a lot of them probably taking the costs of mining, it’s very clear in my opinion and everyone has an opinion; this is not the only coin that crypto currency investors speculate that they hold tons of, they have recently release Zcash and Ethereum miners that they could be using way before this miners come out to market so who knows exactly how many huge bags they hold.

At the start of Bitcoin Cash the difficulty adjustment was basically abuse by miners being Bitmain probably, most likely; the biggest miner of BCH.

The IPO could be a way out or the result of failure trying to manipulate other algorithms with their miners, many coins have fork since the release of their latest miners and some of other have said they will fork every time its necessary if BITMAIN release a miner for the algo they run like Ravencoin with the x16R algorithm.

This IPO sounds exactly as buying a shitcoin on PRESALE.

Good Luck

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