This quote from the thread is not accurate:
> "I own #Bitcoin because it's the one thing they can't manipulate or control."
Manipulating Bitcoin is certainly possible, even by non-state actors, e.g.,
How Much Would it Cost to 51% Attack Bitcoin? https://braiins.com/blog/how-much-would-it-cost-to-51-attack...
PoW 51% Attack Cost https://www.crypto51.app
Tether.
exchanges know everything about the short term moves its users can and cannot make, as well as a significant partial signal of their total market position based on where all their orders are, the amount of actual fiat money parked in their account, where their stop losses and other triggers are set and what exposures to different coins they have on the platform
> Nicehash does not have enough hashing power for most larger coins, so we also calculated what percentage of the needed hashing power is available from Nicehash.
For Bitcoin, that percentage is zero which renders the dollar cost 100% meaningless.
For Ethereum, it's 7% so it's also nowhere near vulnerable from the attack vector this website is calculating a price for.
Even forgetting about that glaring issue, purchasing hashing power on NH would..drive the price of hashing power up. You would not be able to buy all the hashing power at the price that it currently trades, just like you wouldn't be able to buy all BTC or GOOG shares at the price they currently trade. This should be obvious.