I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins
.
Yeah, but the beauty of
BTC is that person can't just turn around and print more of it to replenish what was spent.
BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.
Alternatively, one could always create their own coin. soooo many options
easy peezy
The value would nosedive if they do anything of the sort. I for one, wouldn't be interested. It would be no better than fiat paper.
eh, uhm, the value HAS nosedived, and the nose dive is directly related to the irresponsible manor in which the whole Gox matter is being handled internally (within the BTC community).
Every time an exchange is robbed if we have the tools, via the blockchain, to not only remove the value of the stolen funds but also to catch the thief that is a responsible thing to do. That is the proper way to maintain a cryptocurrency system. Not to simply allow the thief to get away with the spoils and 'decentralize' the loss by spreading it to everyone else by way of diminished value.
The BTC rate didn't go down in any fast way, it was measured, which means it is real, not a negative response to media hype.
Those who steal must be stopped and punished internally, that deincentives bad deeds, when you take responsible drastic actions to correct wrongs it stabilizes the environment.
Stability is what brings about reliability,
without security even a perfect plan has no chance.
BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.
Nobody could "forks the funds that left gox" because nobody knows what funds left Gox and when. And nobody even knows IF funds left Gox ...
ABSOLUTELY incorrect, we found much of the funds:
https://bitcointalk.org/index.php?topic=492776.0;topicseen
