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re: My faith in Bitcoin just went out the window
Posted on 3/8/13 at 12:09 pm to WikiTiger
Posted on 3/8/13 at 12:09 pm to WikiTiger
there's your weakness. i think government tries first to go to the point of exchange or collection, but if that isnt effective, they just overpower you
what would happen if the US government started mining the majority of bitcoins and just hoarding them?
demand would have to fall with the available supply or the price would skyrocket, leaving them ultimately useless
what would happen if the US government started mining the majority of bitcoins and just hoarding them?
demand would have to fall with the available supply or the price would skyrocket, leaving them ultimately useless
Posted on 3/8/13 at 12:10 pm to boosiebadazz
quote:
what would happen if the US government started mining the majority of bitcoins and just hoarding them?
the price would skyrocket
quote:
leaving them ultimately useless
why?
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