The original post: /r/cryptocurrency by /u/dofthef on 2024-12-06 15:26:13.
Hello everyone. So given all the crazy movement that BTC had recently I was thinking, is it possible to create a coin that cannot be manipulated by whales? For example, a coin that doesn’t allow billions of $ in movement in a short time frame or something similar.
Bitcoin is really great but after all is not the money of the people. The wales are the ones deciding how the market move, when will the market will have crazy swings and so on. It’s not the will of the average Joe.
So can a coin device some mechanism to avoid this market manipulation by the big guys? For example limiting the amount of money you can move, and/or the amount of money one can have in a given wallet and so on. After all, us regular Joe’s don’t need to move 100 million dollars in a given day… I know that a con of that is that there is this limitation, big companies and banks won’t hold it, thus limiting the overall adoption.
But what do you think? Is this posible? Is there any coin out there trying to solve this problem?
PS: I’m not an expert whatsoever in any of this, that’s why I’m asking for your opinions. Cheers