saksham on Nostr: I get the sybil attack part. This seems plausible but I am not sure about the ...
I get the sybil attack part. This seems plausible but I am not sure about the infinite money part.
- if they acquire 2 percent of supply I would assume price is a lot higher then (100k? 500k?)
- Not an expert on how much of a commodity’s supply is needed to move the price so dumping 2 percent of supply will reduce the price by (approx) how much?
- if the new price after dumping is still high enough and their wash trading is not able to create a higher price, miners will not have an incentive to move into bitcoin BR
- not sure how easy it is to wash trade a token to the moon. Technically, it is possible to detect this and I don’t expect other organizations(SEC?), including the ones with interest in bitcoin to be silent about it.
- if they acquire 2 percent of supply I would assume price is a lot higher then (100k? 500k?)
- Not an expert on how much of a commodity’s supply is needed to move the price so dumping 2 percent of supply will reduce the price by (approx) how much?
- if the new price after dumping is still high enough and their wash trading is not able to create a higher price, miners will not have an incentive to move into bitcoin BR
- not sure how easy it is to wash trade a token to the moon. Technically, it is possible to detect this and I don’t expect other organizations(SEC?), including the ones with interest in bitcoin to be silent about it.