Bitcoin vulnerability - page 2. | Bitcointalksearch.org

MoonShadow

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Merit: 1010

Quote from: DAN444 on March 20, 2013, 10:27:05 PM

Quote from: Gator-hex on March 20, 2013, 10:21:21 PM

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.

DAN444

full member

Activity: 158

Merit: 100

Quote from: Gator-hex on March 20, 2013, 10:21:21 PM

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..)

MoonShadow

legendary

Activity: 1708

Merit: 1010

Quote from: ?? on ??

That would be awesome.

Yes, Ben Bernanke, be our guest.

Gator-hex

hero member

Activity: 490

Merit: 500

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.

DAN444

full member

Activity: 158

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Quote from: ?? on ??

That would be awesome.

Because yours would be worth more?
But wouldnt the liquidity suffer tremendously?

DAN444

full member

Activity: 158

Merit: 100

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?

Topic: Bitcoin vulnerability - page 2. (Read 1337 times)