There is a theory that if you controlled 50%+1 of the BTC miners, you could make fraudulent crypto. China controls like 60%+ of the miners.
That last time that BTC plummeted hard about 2 weeks ago seemed to stem from an article about a "Chinese fraudster withdrawing $1.5B in Bitcoin." It was the fakest 2-line article.
I just feel like there is a massive rug-pull coming for Bitcoin - not to say there won't be fat gains until then.
for clarity: I believe that eventually there will be a story about "bitcoin fraud" on a massive scale. Whether or not that story is true at the time doesn't even matter - it will cause a massive sell-off and tumultuous period to follow.
There is a theory that if you controlled 50%+1 of the BTC miners, you could make fraudulent crypto. China controls like 60%+ of the miners.
That last time that BTC plummeted hard about 2 weeks ago seemed to stem from an article about a "Chinese fraudster withdrawing $1.5B in Bitcoin." It was the fakest 2-line article.
I just feel like there is a massive rug-pull coming for Bitcoin - not to say there won't be fat gains until then.
No, I'm sorry. It's not a "vulnerability."
I'm just saying that the February 21st, 2021 drop of bitcoin seemed to have no reason other than 2 line article I read at the time.
That article was simply: "Known Chinese fraudster pulls out $1.5billion in BTC"
His action was not fraudulent. In fact, I think the article was a fraudulent grouping of key words to try to fuck the price of BTC. AND IT WORKED.
I'm saying you could make up any fucking story you wanted about BTC and pull the rug.
Maybe it's this story? That's not the original article I read. https://www.cryptoglobe.com/latest/2021/03/bitcoin-whale-moves-massive-4-5-billion-fortune-in-btc-for-a-21-fee/
for clarity: I believe that eventually there will be a story about "bitcoin fraud" on a massive scale. Whether or not that story is true at the time doesn't even matter - it will cause a massive sell-off and tumultuous period to follow.