While the price of Bitcoin has been seeing some strong fluctuations over the last few months, today marked another day in a recent period of relatively low changes for the currency. In fact, the fluctuations seem to be toning down with each new report in the last days, which has been a bit puzzling to some industry experts, although it can easily be explained by the market situation around some parts of the world.
Experts claim that the currency’s price has generally been on a downward trend, resulting from the increasing support for the concept from the community. However, this trend might not last for too long, according to the same experts, so Bitcoin investors who currently have a lot in their accounts shouldn’t be quick to worry about the situation.
In general, the current state of the market seems to be that trading is muted, and while the price is moving slightly, it’s not very decisive in its trend, and it’s hard to say which direction it will take next. Currently, it’s difficult to anticipate where the market is going to move next, so according to some of the more prominent names in the industry, the best thing one can do right now is to simply lie and wait patiently for something to change.
Meanwhile, Cody Wilson has been speaking out against the Bitcoin Foundation, announcing his plans to enter the organization and dismantle it from the inside. He’s recently applied for the board elections of the Bitcoin Foundation, nominating himself by posting on their forums about two weeks ago, complete with a website to garner support for his “cause”.
According to Wilson, his actions have been provoked by the recent trend towards centralizing and regulating the cryptocurrency, something that was started to a large extent by the Bitcoin Foundation. The initiative has been seen as positive for the currency by some, but others agree with Wilson’s stance and claim that the Bitcoin Foundation is doing more harm than good in the long run.
Wilson has been active on the Bitcoin scene for quite a while now, taking part in founding DarkWallet, which was aimed at simplifying the process of completely anonymized transactions for regular users who aren’t as tech-savvy as most who use Bitcoin. Wilson seems to be quite serious in his current plans, and from what it seems so far, he might actually have a realistic chance at winning the elections, if enough people from the community get behind his cause. Whether or not he’ll succeed in his goal to actually disband the foundation afterwards, it’s hard to say.