from cryptomine.xyz
image from @penguinpablo
image from @penguinpablo
Well I see something different here. This Surprise is really no surprise, I see this as a sweetener and reward for the Cartel in order to move forward especially those heavily invested in mining operations. This move gives them a chance to potentially double their holdings with BCC, on their way out of the BTC game as well as giving them a chance to retool their operations in a different direction; although I wouldn't be surprised at all if they simply cashed all the way out of BCC and moved on to other greater scams. Although there are really no losers here, except for those who are rushing in at the last minute to buy BTC only to find themselves stuck with third parties who weren't prepared for this; and so their BCC double up turns into leprechauns Gold and then panic ensues and sell their BTC low thinking the world is coming to an end. The Reliability of Crypto is the real looser here, and again these greedy cartels behaving no different then the FIAT institutions that blockchain was designed to escape; by coming up with a US FEDERAL RESERVE worthy mega Inflationary move, conjure a new coin whose value is derived from one which they themselves already possess en masse and the gullibility of make a quick buck geniuses myself included. My question is? What's next? The Jedi coin is what this should be called or the force coin or the faith coin. But really what's next? If communities can seemingly just surprise us like this anytime, is crypto really valuable? can it be trusted? Is it truly decentralized? and I love decentralized but it doesn't have to mean disorganized or decencyfied "new word here". I'm rambling but this is not good, this magical coins are going to hurt us in the long run.
see @penguinpablo full post here
https://steemit.com/cryptocurrency/@penguinpablo/people-are-selling-their-altcoins-for-bitcoin-before-august-1-so-they-get-free-bitcoin-cash#@flashbid/re-penguinpablo-people-are-selling-their-altcoins-for-bitcoin-before-august-1-so-they-get-free-bitcoin-cash-20170729t092706674z