TIC... TIC... TIC...
In the world of white crime, quoting the unforgettable Gordon Gekko, "greed, for lack of a better word, is good". Translated to the world of crypto, this is probably the understatement of the century. We are all greedy. Hugely greedy. Discard any euphemisms such as "I want this coin to be #1", "I want crypto to change the world" and the myriad others that don't even try to hide the one and only motive behind it all: Greed. To be able to turn a minimal investment in tens, hundreds, thousand, millions or even millions of millions (they call them billions in some parts). Nothing else.
In the real world, greed is -supposedly- countered by legislation. Not in cryptoworld. This is the Wild West, unregulated and unexplored. And no laws apply (yet).
So here we have BlackCoin, a new alt coin that in just over 2 months has reached a high level of success strictly between traders, the greediest ones - I would know, I'm one of them-, run by The Doge of Wall Street (Rat4 is the dev and has only a loose idea of what is going on in the non-tech side of the coin and the other 3 count very little) who is also the 50% owner of the Multipool that gets ALL of BlackCoin's miners' business, not because it is the best, or the safest, or has the better plan, but because it is owned by the guy who runs things around here and that, maybe not too much now -but a significant amount nevertheless already- but stand to make a killing when/if a massive amount of miners come to the Multipool because BlackCoin makes them money. Mind you, The Doge IS BlackCoin, so no need for the competition to apply and offer kickbacks for the pooling business. Plus the fallback pool, CoinAlts, is already on board, enthusiastically, quite happy to play banana (and ball) to the Doge's pool because, well, something is definitely much better than nothing. And if this grows, as expected, there are definitely great possibilities of increased business in the future.
Now, let's debunk a relatively well hidden myth (not pre-mined) -or, to be precise, very little pre-mined. In fact, in the 7 days that BlackCoin was pre-mined, many millions of coins were actually mined. Many. By who, mostly? you guessed it: The Doge. Many others too, of course, but who was there, ready to rumble and fully equipped to amass massive amounts of the coin? again, you guessed it. How many? I have no idea. But I wouldn't be surprised if some of the bulkiest wallets in the top 20 were his. Again, no proof, no fuss, so do with this information what you wish. Let me tell you that I have proof that one miner, just a single one, mined over half a million Blackcoins in a few hours in one of those 7 days. With that info, you can speculate on your own.
Yesterday I penned a rather lengthy post about the so called "Foundation" trying to explain why it was a hasty land grab and why it was a totally illegitimate move seeking control of this coin ONLY for profit among the people self appointed to its board. Since, we have received all kinds of conflicting information about who is and who isn't on that future board. Apparently, theDoge -mind you, he's calling the shots here, no one else-, has not yet made up his mind. I also stated without any margin for doubt, why it was not ethical that a group of investors would be even remotely close to the pretended "foundation" and went on to explain what they could easily do, on any whim, to control the price of the coin and, logically, benefit from it. Well, I was already late: They have been doing it since day one. Openly, too. Not even bothering to hide. Pumping and dumping... only, theoretically, for show, marginally to TheDoge who may or may not -for him to demonstrate, impossible to prove because he surely has several wallets so showing what's on one will demonstrate nothing- have been dumping his probable millions of coins all along. "Maarx", who for now seems to be intent in remaining "honest", admits to having witnessed at least 5 such schemes in these few weeks. Those schemes took the coin, mind you, above 80k, maybe even 90k, don't recall. The enthusiast that bought on the "1BC = 1 Lambo" and other ra-ra's by "Soepkip" and co, have been halved, so far, or even "2/3-ded". That's damage to the little guy who happens to be honest and knows nothing about the manipulations that now we all know have happened ostensibly under the surface, continue happening now and will, indeed, continue happening under the auspices of "the foundation".
Everyone here knows that I was the first and most acid critic of IconicExplorer's dirty attempt at public manipulation and I want to believe that I had something to do with shooting down that ill-fated, ill-conceived scheme... well, it wasn't me or my critical position toward it what shot it down at all. It was "the group", of course, that wanted to just keeping doing it themselves, like they have been doing from day one. Total control. We now know that with their at least 8 million coins, they can do practically anything they want with the price, controlling it absolutely while benefiting daily from simply switching from Cryptsy to MintPal. That simple.
Everyone here knows that IE is a number of deplorable things, including a ruthless manipulator and as greedy or more than any of the rest of us, bar none. But everyone also knows that he is not a liar and that if anything has ever more importance for him than money, it is probably feeding his ego. He could have "played ball", he definitely was offered the chance to do so. So money was there for the taking, but he refused because he seems to have some very loose values applied to his ego that work in strange ways: He doesn't have any problem promoting a blatant manipulation of the market... as long as it is public -so everyone knows?- while he doesn't participate in back door conspiracies to do exactly the same thing... but behind the backs of the innocent investors who are the ones that are going to be hurt by them. It is a strange ethic, but some ethic, nevertheless. Since I dislike the guy I will have to admit to another peculiar ethic of his that I find admirable: He doesn't believe in unpaid work.
Finally, everyone here knows, clearly, that IE is not a dummy. He may not be the sharpest knife in every kitchen, but obviously he has proven repeatedly that he is not a dumb tool. With that in mind, what would he have to gain antagonizing the bigger part of the dev team -Gritt, Soepkip and the other guy -cant remember his handle off the cuff-, besides all the big-pocketed "investors" that have rushed to grab the land of "the Foundation" following clear instructions to do so by TheDOGE? His quite solid reputation for tirelessly working to increase the price of BlackCoin cannot be argued, not by me -and I find most of his efforts absurdly gimmicky, plus I don't like the guy per se one bit- not even by any detractor of which he had, until recently, none or very, very few. He stood to gain ABSOLUTELY NOTHING from his exposee. N.O.T.H.I.N.G. -at-all. And, obviously, he would be subjected to all kinds of smearing attacks, legal threats -none of them will materialize, by the way- and discredit campaigns so he won't be able to even sell a single card more. Why would he do it? No, the ego thing? sorry. I know about that significantly more than anyone here and nope, the opposite would be true. If anything his ego would have made him compromise in exchange for a more positive limelight... Incredibly as it might seem, even to me, it is evident that IE's exposee has been made public to take the mask off the conspirators, to make sure the community knows what's going on under the surface and who's the puppet master and to put the ball on our (the community) court. Not only everything he has posted is true, he more than probably has the means to prove it.
What he doesn't know, hilariously, is that it doesn't matter, really. Oh BlackCoin will self-destruct inevitably, no question about that, but in the meantime, this is going to be brushed aside not because the accusations are not true -they are-, but because a active members of the community, in its vast majority, not only simply do not care, but also accept it as "part of the deal". This is, after all, lawless land, remember? So everything actually goes. And what 99% of them want is to see the coin finally break above 30k, it doesn't matter if it is manipulated of not. They are in it for the thrill of the instantly gratified greed, for nothing else. "Pumps and dumps? Part of the deal. Conspiracies behind doors? more power to them, how do I join so I make sure I will not be the one holding the bag? People getting seriously hurt? Huh? they should have known better and not invest in crypto anything they wouldn't be ready to lose...
So the tic..tic..tic... of the bomb keeps on ticking towards it's inevitable implosion. The wise have already started to run for the exits. The crooks will just keep going along as there sheep still to sacrifice and the ra-ra crowd... well, they will keep on with the smearing campaign that, obviously, now will include me too, as the events grant.
Entertaining, indeed.
