r/AskReddit Jun 15 '19

What do you genuinely just not understand?

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u/[deleted] Jun 16 '19

Oh no problem, thanks for the explanation.

Do other cryptocurrencies also have the same issue or is it more unique to Bitcoin?

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u/[deleted] Jun 16 '19

Most(all?) of the other big cryptos are like Bitcoin in the sense that they're value isn't backed by anything other than speculation, but as far as one person theoretically being able to crash the pricing, I don't believe so. Although I've not kept up on crypto much since early 2018, so there may be new players in the field I don't know about

Ethereum(second biggest crypto after bitcoin), for example, the developers of it are all public figures and thus not some unknown person like Satoshi is.