Post by John Pitts

I still see evidence BSV is manipulated despite this change at BitFinex.

BitFinex has ironically, despite the well deserved dirt attached to their brand and USDT, never bothered me— as their short book appeared to be at least based on borrowed BSV custodied at BitFinex. But even that is an assumption as I’ve never dived deep into BitFinex. I pay more attention to volume when it comes to price and all the volume is on OKex so that’s where I think manipulation occurs.

My advice to Bitcoin Association is to request BSV be taken down from OKex which is heavily derivative-based exchange.

“Derivatives” and “naked shorting” are same type of thing, and it’s quite bad for fair markets unless well-defined well-policed rules are in place by the exchange itself.

Commodities are well suited to manipulation until the commodities produce cash flows (like SLictionary’s SLicDef tokens) at a significant rate to overcome manipulators. But even funadamenal bitcoin utility can be overcome in certain cases, and BSV qualifies.

So while I view shutdown of BSV as a positive for BSV— moving in correct direction— I don’t see it as a major cure all wrt BSV’s unfair suppressed market.

Focus attention on Binance, BitFinex/Tether’s solvency and OKex to get closer to fair price discovery on BSV.

But we’re seeing light at the end of the tunnel at least— more work to do by BA IMHO.