1: For saying, it is of course possible for someone to hold all the coins, as long as he convinces all the bitcoin holders to sell their coins to him for a particular rate, which is really unlikely to happen.
2: If only one person is having all the coins, then probably the price wont be moving here and there which means it is totally under his control. If he does something with them then the price might start moving but that wont have a point as long as none of us will have a part of it.
3: Exchanges will surely keep running as there are other coins in circulation too, but not just bitcoin. There will be no trading against bitcoin for sure but the exchanges will keep functioning with alt coins i guess.
Topic: What happen "if" someone have all of bitcoin? - page 2. (Read 2698 times)
there is a chance that someone will owned all the coin, but if it monopolized by one person then bitcoin won't have any value, because there is no single transaction using bitcoin and nothing can be controlled since there is no value in the coin, and the exchanger will just exchange other crypto currencies, but to own all of the coin will be a stupid action
One person monopolizing all the Bitcoin there is, that is simply not possible or imaginable. What kind of service would such a person render as to corner everyone's holding? If maybe Satoshi Nakamoto, left something that could steal everyone's coin, which I strongly doubt, then it would ultimately become worthless in his hand, because the true value of the coin is in the number of people solidly behind it. 
then it would mean nothing since nobody would accept beacuse only one guy can pay with it XD
But what if that someone was Hitler! Just kidding. I think you are right. 
then it would mean nothing since nobody would accept beacuse only one guy can pay with it XD
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
- Is there some one can get 21 million of bitcoin for himself?
Yes, someone can get 21 million of bitcoin for himself but it would take some time to save this big amount of bitcoin since earning bitcoin is not that easy because of the risks that we are going to face in this world of cryptocurrency.
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
Indeed, because 21 million is big amount of bitcoin to have of an individual, so let's just say that all of the bitcoins are in his wallet, so technically there will be no any exchange in the blockchain until this guy sell his bitcoins, to have a cycle again of bitcoin in the bitcoin network.
There will be no circulation which means bitcoin would be no value and you are right there will be no exchanges since there is no other people who uses it. This mindset or idea is just nonsense since all bitcoin havent been mined yet.
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
- Is there some one can get 21 million of bitcoin for himself?
Yes, someone can get 21 million of bitcoin for himself but it would take some time to save this big amount of bitcoin since earning bitcoin is not that easy because of the risks that we are going to face in this world of cryptocurrency.
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
Indeed, because 21 million is big amount of bitcoin to have of an individual, so let's just say that all of the bitcoins are in his wallet, so technically there will be no any exchange in the blockchain until this guy sell his bitcoins, to have a cycle again of bitcoin in the bitcoin network.
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
In theory yes a single person can own all the bitcoin, 21 Million bitcoin is roughly 18 Billion dollars at today's rate and there are few people who can buy all the 21 million BTC but its highly improbable for that person to get each and every btc from each and address for himself some of the btc are just lost in some lost addresses. And I'm sorry but i cant understand your other two questions. - Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
Answer is Very simple .It will become worthless. If total bitcoin is owned by one person it will become worthless. What he will do with that? TBitcoins price increases only if everybody in the world start using it.I dont think anybody will buy from him also. If nobody is using it then there wont be demand for bitcoins and therefore there wont be any exchanges .More supply of bitcoins increases the price . Here there is no demand so its price wont increase. It will just remain as a software token in his desktop wallet who owns all bitcoins without any worth in his wallet.There wont be any use for him also who owns whole bitcoins This is my opinion.
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
Be Honest.Could not possible at all.By hard working you can make good money using bitcoin but get 21 million of bitcoin just only dream!!- Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
As we know there will never be more than 21 million bitcoins(MAX) in circulation.How it possible to control this MAX limit of bitcoins to a specific person,generally you can't.Yes,It could imagination only there no exchange will not working until that guy sell some his bitcoin.
there is a chance that someone will owned all the coin, but if it monopolized by one person then bitcoin won't have any value, because there is no single transaction using bitcoin and nothing can be controlled since there is no value in the coin, and the exchanger will just exchange other crypto currencies, but to own all of the coin will be a stupid action
Even if someone buys all of the bitcoins (from circulation) and if the demand of bitcoin remains constant then the price would reach very high level. On the other hand if the demand falls for any reason then the price will decrease (but not to 0 until even a single person shows interest in buying bitcoins from him). This case is possible in new alt coins but I don't think it's possible in the case of bitcoin.
This is a silly question. "The answer depends upon the Question?" Even if you could compromised blockchain it is not possible that someone can take over all the bitcoin because there are many wallets which users store there BTC and at the meantime there are users who store BTC in there body by implanting some hardware wallet. Some people use's paper wallet any many more beyond.
But if i had all the btc in my wallet the value of the btc will be 0.00 and no one would care about bitcoin anymore.
Hope this helps
But if i had all the btc in my wallet the value of the btc will be 0.00 and no one would care about bitcoin anymore.
Hope this helps
If someone would own all the Bitcoins that exist, I think there are two possibilities: Bitcoin will either completely lose its value or the price will go up a LOT. I think the second one can't really be possible because the demand will be missing. For example, we are saving on BTC but the demand still keeps rising. Even if there are Bitcoin wallets that are lost, the demand still exists. If anyone has ALL the BTC existing, nobody will be able to buy it, so the demand will go 0.
Well good for him but if bitcoin is being owned by one person only, I think it will have no more value because there will be no demand of it. We all know that the value of bitcoin depends on the law of supply and demand. Owning all of the bitcoin by just one person will make bitcoin lost its value.
At this point of time it is impossible for someone to get all 21 million bitcoins. And in the beginning if a person owns 21 million coins have started to sell his bitcoins the exchangers will only follow if potential market was already established. At present a person must have trillions of dollars or more to purchase even 5 million dollars how much more 21 million dollars.
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
- Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
It's practically impossible to have one person own all 21million bitcoins because the more he buys them from people the more expensive it becomes because if he manages to buy all from the world but the one that I own then I will sell that single one for the price of all that he's bought, so do you see how Herculean that would be? Secondly, once he has all 21 million bitcoins who cares? He should be able to control and keep it because it will lose its value and nobody would crave for them. Lastly the exchanges will be in existence but will be busy dealing in Altcoins.
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
- Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
1 is nothing is some people can get havel all bitcoin 21 million, this now block bitcoin still run not end, so total suply in market this now not reach 21 million
2 is accident bitcoin if one people have all bitcoin, bitcoin die, same with new altcoin premine 100% nothing peole interest
3 i don't think about until disscuse about bitcoin exchanger because nothing and never one people have all bitcoin
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
?? do not know what you mean here ?
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- Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
?? do not know what you mean here ?- Is any exchange will not working until that guy sell some his bitcoin?
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Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
- Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
Pray tell, exactly how the fuck did you pass muster so to participate in a sig campaign? Inquiring minds wanna know.
To be fair, here's my question(s):
Anyone like sperm because sperm offer population growth, and some excellence rather than use self-procreation. In my mind i have many question about it.
- Is there some one can get all the sperm for him- or herself?
- If impossible, are that guy or gal can control it?
- Is any sperm exchange will not working until that guy or gal sell some their sperm?
And don't even get me started on controlling the world's corn supply where some advocate, "Nothing goes in where corn comes out!"
Do you have any problem with me? I don't ask a question just for you, you know in this world nothing something impossible. A long time ago some one have a dream to fly but other people curse him a crazy man but, as you know we can fly now. So, what the hell are you said never change anything
Obviously, somethin' haz got lost in translation for my post wasn't directed toward you though that's how it was penned because a crazy man said once, "Nothing something impossible." Feel free to comment once you figure out what my initial reply was not about.
Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.
- Is there some one can get 21 million of bitcoin for himself?
- If impossible, are that guy can control it?
- Is any exchange will not working until that guy sell some his bitcoin?
No op not possible even In one of the wildest dreams can that happen, until he is the founder Mr Satoshi who could have kept this coins but again that's not likely to happen. Buy a Bitcoin and try to change the price, did it happen no right so that answers your questions no one man can control price. What will that guy do with coins for his while life he has to sell it. So exchanges will work and they will work good.
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