Nick Szabo, who many believe to be Satoshi Nakamoto believe the combination of BTC future uncertainty, political opposition and a host of other crypto competitors precipitates recent volatility. However, as it is he thinks BTC prices would decline until we see stable growth. So, the underlying word here is decline and that’s why we should be selling EOS, Litecoin, Stellar, Tron and IOTA until the effects of USDT wane out.
Volatility in Bitcoin from temporary uncertainty about its future (vs. both political opposition & crypto competitors), not from its supply limit. As these uncertainties decline its volatility will decline until it reflects more the uncertainty in fiat than its own.
— Nick Szabo⚡️ (@NickSzabo4) June 21, 2018
Let’s have a look at these charts:
EOS Technical AnalysisEOS Daily Chart by Trading View
So in within five days, EOS Emergency Measure of Order protection and their Arbitration body the ECAF (EOS Core Arbitration Forum) led by one Sam Sapoznick who their stand in emergency arbitrator have since directed the network 21 block producers not to process transaction from 34 EOS public address until their individual cases are resolved.
The authorities in EOS just instructed the block producers to censor transactions from 27 accounts with no reasons given.
“the logic and reasoning for this order will be posted at a later date"
ggwp
