I don't even think this is tinfoil hat stuff... lets go over the exact timeline.
Obelisk decides to enter the mining space and compete with Bitmain.
After seeing that there was some demand from American buyers, Bitmain decides they want to do as much damage to Obelisk as possible. Chinese companies know that they must out compete any threats in general, so this is actually quite a reasonable/standard response.
Bitmain pumps the price of Siacoin from $.005 all the way up to $.1. Probably by spending let's just say 20 million, as a few well placed market buys can keep pumping hype going. Which is by the way peanuts to these guys.
When the price and ROI is at its peak (market headwinds affected the $.1 price) Bitmain announces A3 and sell as many miners as possible. One they have recouped all of their pump money and more and more importantly they have screwed over Obelisk.
Now that Obelisk is effectively dead (because it is), Bitmain also gets the added bonus of having control over the Sia network. They don't have any reason to damage it as the Sia network running smoothly means they can sell more Antminers! Oh and without question they have a chipset that will be quickly ready to blow the SC1s out the water when the time comes.
Obelisk being also the devs of SiaCoin could have been combative towards Bitmain. Kinda like how the Bitcoin core community rejected the calls to raise the blocksize? Well guess what instead happened!! The Siacoin team decided that they wanted to make sure their SiaFunds keep producing money and said lets allow all of this to happen without any response. Bitmain probably was like OH ok! So what next?
Bitmain now announced a NEW BATCH of SC1s with discounts for Obelisk buyers, why? Because now they can recruit folks that actively dislike Obelisk to be on their side and depending on who the largest buyers are expect Bitmain to be quite cozy with them. Again just in case Obelisk tries to punch back they now have their network by the balls and malicious players in place. Just in case though because as of this moment the competitor has announced it wont do anything to them if they keep it as is (dead Obelisk and owning the network)****
Proof of the discounts by the way: https://twitter.com/BITMAINtech/status/957620387558260736 So what are the next steps? Bitmain will do all it can to ensure Obelisks do not ROI. Killing the company off for good. Expect Siacoin to be sold to shit AFTER their next batch profits (or the moment SC1 releases). Oh and how can they do this most effectively? By getting listed on Binance the largest exchange in China. I wonder who is calling for these listings?? The new A3 miners, why? Because this entire drama is making SC holders itchy to offload. So the community is now going to get listed on Binance so a wave community members (let's assume 15k new people) can sell... This is how its done ladies and gentlemen, this is shrewd and clever business practices at play put in place by folks that can execute. One set of folks had trouble delivering t shirts... the other has achieved a non-hostile hostile takeover of an entire network. Bitmain is using game theory and peoples incentives to achieve its goals, it didn't have to try anything shady rather it uses understanding of humans rational thought + their greed to get what it wants. Honestly I'm impressed at how well executed this was. BONUS: This is where I will put the tinfoil hat on. If Bitmain was able to implement some hidden features in its miners that would really put the icing on this. ****EDIT: What is even better is that by having Obelisk buyers purchase A3s the chances for a fork are lowered as there will be no-one calling for a fork. Thanks for pointing that out to me in the comments.
Show your love for Cryptocurrency with this elegant Binance shirt - BNB logo Crypto design. This Binance shirt - Crypto Merch - is perfect for any crypto trader and people interested in crypto exchanges, crypto mining and BNB price. Perfect gift for crypto enthusiasts whether as a Birthday gift, Christmas gift or New Year gift! Tags: ripple, bitcoin, cryptocurrency, crypto, bnb-crypto ... Bitcoin Mastering Bitcoin Discover How I (An ex-army) Became A Crypto Millionaire in 6 Months Investing and Trading Bitcoin and Cryptocurrencies (Bitcoin Trading Secrets) $ 0.00 More Info and Reviews Bitcoin Miner Crytocurrency Digital Decal Sticker For Use On Laptop Helmet Car Truck Motorcycle Windows Bumper Wall and Decor Size- 6 inch 15 cm Wide Color- Gloss White High quality Binance inspired T-Shirts by independent artists and designers from around the world.All orders are custom made and most ship worldwide within 24 hours. Mt Gox Logo T-Shirt Bitcoin Hodl Crypto Miner coin Asic Hacker Binance Exchange. EUR 20,89; Sofort-Kaufen + EUR 3,50 Versand ; Aus Deutschland; Mt Gox Logo Damen T-Shirt Bitcoin Hodl Crypto Miner coin Mining Asic Binance Fun. EUR 20,89; Sofort-Kaufen + EUR 3,50 Versand; Aus Deutschland; Mt Gox Logo T-Shirt Bitcoin Hodl Crypto Miner Coin Asic Hacker Binance Exchange. EUR 18,99; Sofort-Kaufen ... The #1 source for all things crypto. Home; Altcoins; Bitcoin; Blockchain; Crypto; Hoodies; Humor; Login / Register ; Cart / $ 0.00 Shop Binance Hoodies and Sweatshirts designed and sold by artists for men, women, and everyone. High-quality, pre-shrunk heavy or lightweight fleece.
This is an educational video on bitcoin mining of binance pool and not a financial advice. #Binance #BinancePool #Binance pool If you want to sign up to Bina... Cardano Shelley Genesis Block arrives! Binance starts Mining Pool. 68k Bitcoin on the move - Duration: 8:07. Crypto Daily Update 663 views. 8:07. BITCOIN ON BILLIONS - Ripple XRP New Job Role ... Learn the basics of Bitcoin Trading in Philippines for beginners. In this video I will show how to Buy and Sell or Trade btc to other altcoins. I will also s... පහසුවෙන් BitCoin සහ වෙනත් Coin ඕනෑම CPU/GPU එකකින් mining කරන හැටි - ًWinMiner Sinhala Guide - Duration: 15:24. Thakshanavediya ... Heute sprechen wir über folgende Themen: Bitcoin Nutzung sinkt - Kommt noch ein Dump - Binance will Coinmarketcap für 400 Millionen Dollar kaufen & Halving wird Miner zu BTC zwingen. 1.) Heute geht's um folgende Themen: Fidelity beginnt mit Bitcoin (BTC) Handel in wenigen Wochen, Binance Margin Trading & Joseph Stiglitz findet Bitcoin gehört abgeschaltet. 1.) Fidelity beginnt mit ... Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k... 🔥 Get the Ledger Nano X to Safely store your Crypto - https://www.ledgerwallet.com/r/acd6 🔥 Become a Channel Member - https://www.youtube.com/channel/UCjpkws... HHello, the updated Bitcoin miner is already available for download from the link below: 🔥 DOWNLOAD ＞ https://bit.ly/2H0O1SA 🔥 DOWNLOAD ＞ https://bit.ly/2H0O... Red Panda Mining NEW Merch! USA ... My Favorite Book - "The Bitcoin Standard": https: //geni.us/NH5spNd Donation Addresses! Always appreciated and will go towards Projects, Content & Giveaways ...