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Topic: Bitcoin vulnerability - page 2. (Read 1331 times)

legendary
Activity: 1708
Merit: 1010
March 20, 2013, 10:41:17 PM
#6
21,000,000 x 8 decimal places.  Roll Eyes

It's a deflationary fractional currency.

21,000,000.00000001 BTC

I see.
Could a large financial institution discourage owning BTC simply by making it insanely volatile?
(Purchasing huge amounts then dumping them all etc..)

Depends upon how much money that they were willing to lose.
full member
Activity: 158
Merit: 100
March 20, 2013, 10:27:05 PM
#5
21,000,000 x 8 decimal places.  Roll Eyes

It's a deflationary fractional currency.

21,000,000.00000001 BTC

I see.
Could a large financial institution discourage owning BTC simply by making it insanely volatile?
(Purchasing huge amounts then dumping them all etc..)
legendary
Activity: 1708
Merit: 1010
March 20, 2013, 10:24:36 PM
#4

That would be awesome.

Yes, Ben Bernanke, be our guest.
hero member
Activity: 490
Merit: 500
March 20, 2013, 10:21:21 PM
#3
21,000,000 x 8 decimal places.  Roll Eyes

It's a deflationary fractional currency.

21,000,000.00000001 BTC

The best way to destroy them is to crush the exchange rate with the Exchange Stabilization Fund. Which I expect them to do as soon as Wall Street gets hooked into it and creates a short derivative.
full member
Activity: 158
Merit: 100
March 20, 2013, 10:16:06 PM
#2

That would be awesome.
Because yours would be worth more?
But wouldnt the liquidity suffer tremendously?
full member
Activity: 158
Merit: 100
March 20, 2013, 10:13:17 PM
#1
Hi
I m trying to figure out how safe bitcoin is as an investment.
I found out that there are approx 11 million bitcoins in circulation.
Couldnt a central bank just purchase most of them and simply destroy them?
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