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RE: 4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is the Goal
This just emphasizes for me how important it is to decouple BTC from all altcoin trading. There just needs to be less of a vulnerability point in that one coin. There need to be many, many, many more trading pairs that have nothing to do with BTC, so that there are simply too many different currencies for anyone to manipulate. Right now most of the limit/stop-limit orders sitting are sitting relative to BTC. So when BTC drops, the fiat conversion of any filled altcoin order also drops with it. But if we can trade STEEM directly with ADA, for example, if any coin can be traded with any other, they can't control that.
thats not gonna work, people always, i mean always, need an anchor for trading, how you gonna decide steem/ada? it will almost definitely through ada/btc and steem/btc, just like everybody need fiat measure of bitcoin, so eventually btc, alts and fiat are all connected together, no exception.
Not true. Think about how the vast majority of people are trading right now using BTC or ETH as the go between when wanting to say, go from STEEM into ADA or vice versa. They look at the current prices of each currency in USD then use a calculator to figure out how much to offer in each leg of the trade. The same will happen with atomic swaps, which are coming, and will be revolutionary in the crypto world. You just will do one set of calculations instead of two.