BTC would die if the banks would own all coins. No one could use it and no one could hold them. The coins would be totally worthless.
If all big banks owned all btc then there wouldn't be any need for the people to purchase Bitcoin from them. Someone can just make their own cryptocurrency at that point.
Topic: What if all the big banks owned all the bitcoin? (Read 490 times)
Technically it is impossible because if all the supply goes to Big banks, it would back to centralized again as they will be the major holder
If and really if they hold, guess everything will be same as the current Fiat situation except notes will be limited and not reissue-able
If and really if they hold, guess everything will be same as the current Fiat situation except notes will be limited and not reissue-able
What would happen if all the big banks bought all the bitcoin?
The system will be owned by bank but it makes sense if the bank is possible to buy all of the bitcoin supply right now, but it seems the bank are not interested to buy the bitcoin because they are thinking the bitcoin just useless
i think this will not happen, i know many people plan to hold btc for a very long term, how will they sell their btc to banks as they are not lack of money, unless they became the banks
Interesting but improbable in the world today.
There would have to be a population reduction to 1 person.
Then that person would have to own the bank!! LOL
There would have to be a population reduction to 1 person.
Then that person would have to own the bank!! LOL
Then there would be nothing to see here and we would switch to another crypto currency that they did not control.
Then the banks will be using it between themselves I guess, because they own all of it. And there will be little reason to buy it from them.
If they own it all they would destroy the market, but will it be profitable for them to own all and loose so much money or make it so rare that the price will rise, good question
Then what happens is bitcoin market monopoly. Where bigbanks will have full control over price bitcoin also circulations. This could be a global economic disaster.
What a kid's question? That is impossible for sure. There are so many reasons why. I can tell you one of them - there are a lot of bitcoin holders and they just don't want to sell bitcoins not to government, not to anyone else.
A lot of people wants to hold their bitcoins and expecially tol sell it to government.
Well, he's just saying "If" despite the chance of bitcoin getting owned by the big banks which really low but there's still a chance, he's just asking how if all the big banks own bitcoin.A lot of people wants to hold their bitcoins and expecially tol sell it to government.
if from my opinion, bitcoin will remain decentralized, its system nature which is blockchain is designed to be decentralized at the start, none of us can rule and can't force to take people's money, just the big banks owning big portion of bitcoin and could possibly manipulate the market.
What a kid's question? That is impossible for sure. There are so many reasons why. I can tell you one of them - there are a lot of bitcoin holders and they just don't want to sell bitcoins not to government, not to anyone else.
A lot of people wants to hold their bitcoins and expecially not sell it to government.
A lot of people wants to hold their bitcoins and expecially not sell it to government.
BTC would die if the banks would own all coins. No one could use it and no one could hold them. The coins would be totally worthless.
I guess bitcoin will die if this happens. The nature of BTC is decentralisation of mining (this point is not implemented now due to China miners) and usage. There are always whales but they are everywhere not just BTC.
Most of the bitcoin eatly adapters still holding bitcoin they are not going to sell and even
People not selling bitcoin directly to some person they are using different wallet to sell bitcoin. Banks can’t show proper audits based on their bitcoin holdings.so it’s not possible to hold all bitcoin by banks.
People not selling bitcoin directly to some person they are using different wallet to sell bitcoin. Banks can’t show proper audits based on their bitcoin holdings.so it’s not possible to hold all bitcoin by banks.
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What if I would not sell my bitcoin? It is impossible and would be beneficial as the price will be too high and not good for banks.
then the banks don't own all the bitcoin and as long as you don't sell your bitcoin, you can keep it in your wallet. but i think its impossible for the banks to buy all of bitcoin because it will need huge money and bitcoin price now is too expensive although the banks can buy with all of their money but the banks will make the economy in danger and in the end, the economy will risk for the country too. and the government won't make the country a risk situations for and will give warning to the banks.
What if I would not sell my bitcoin? It is impossible and would be beneficial as the price will be too high and not good for banks.
This is basically doomsday scenarion which will never happen. First we have lots of forgotten & lost coins in great portions which will never be saved. And second its too expensive to buy all coins to kill it.
What would happen if all the big banks bought all the bitcoin?
The system will be owned by bank but it makes sense if the bank is possible to buy all of the bitcoin supply right now, but it seems the bank are not interested to buy the bitcoin because they are thinking the bitcoin just useless
I think that would be great! The price of Bitcoin certainly exceeded 100 thousand dollars! But I think this is just a dream for now. Because the banks are working with Ripple, Bitcoin's enemy and his dirty copy.
What would happen if all the big banks bought all the bitcoin?
We already have something that simulates that scenario, it's called fiat.
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