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Topic: Is it possible for somebody to collect all bitcoins? - page 3. (Read 2039 times)

donator
Activity: 2352
Merit: 1060
between a rock and a block!
Do you think it would be possible for a person/entity to collect all bitcoins?

Like they only buy bitcoins and mine them and accept it as a form of payment.

Is this theoretically possible? it should be right?
what's stopping them?
No.
No.
Economics: laws of supply/demand.  You won't have enough resource to acquire scares goods.  you can't live that long at this point in time.
legendary
Activity: 980
Merit: 1004
Somebody could collect a lot yes, all no. Some are lost forever. Some are not for sale.
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
They would have to purchase those Bitcoins from people who already have Bitcoin so they will be paying a lot of money to get those off people then if they did purchase lets say 100% of Bitcoins then the supply and demand of Bitcoin is not really there any more as 1 person owns the whole of Bitcoin.
member
Activity: 69
Merit: 10
What's stopping them? Unlimited wealth.
legendary
Activity: 1050
Merit: 1000
Do you think it would be possible for a person/entity to collect all bitcoins?

Like they only buy bitcoins and mine them and accept it as a form of payment.

Is this theoretically possible? it should be right?
what's stopping them?
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