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Topic: Decentralization? My ass... - page 2. (Read 1802 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 27, 2011, 04:12:36 AM
#2
I was considering not replying to this troll tread. But you consider this:

Bitcoin can only reflect decentralization to the extent present in society. It is no some magic wand you wave and everything will be good and shiny.
member
Activity: 66
Merit: 10
Kimoto for president!
August 27, 2011, 04:03:11 AM
#1
There's a topic about it in "Bitcoin Discussion" but no newbies allowed so I start my on thread.

Quote:

Block 142742

2.32m BTC's just moved... Nearly 1/3 of all available BTC's mined so far.

Any guesses who?

Cheers,
Kermee

Decentralization?  My ass...

http://blockexplorer.com/block/000000000000056b0e24803ac1032f8e3d5120fd8aea85e0502d4aff249eb4ca

This is one of the biggest weaknesses of Bitcon.  If a 12k sell causes a drop of 2$ you can imagine what a 1,2M sell will do.  The market plunges to 0.01 $ and you guys are all screwed.  Then they buy them back cheap and repeat it.

Don't tell me I didn't warn you.  Bitcon will go back to 0 in the end.
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