/biz/ - Business & Finance

>>331694
>actually as of now, it will take $ 2.4 Billion to be in control of the bitcoin market
>I don't know how supply and demand works

If you ever made just one trade of anything, then you would know that the price goes up when you buy. Please explain to us all how you plan on buying around 50% of the coins without moving the price at all.

>nocoiners and cripplebots confirmed for notrades

>>106864
>give the rest away without anyone needing to mine them

This is the problem. How do they "give them away"? They don't. They sell the coins to people for a price that only they determine as the value of the coin. That is exactly how the Fed works. They print the dollar and they tell you what they think it is worth.


This is exactly the opposite of bitcoin. The biggest point of this experiment was to find out how a distributed resource could be securely sent through a decentralized network. This is about giving us a new way to think about the way ownership can work on a network without a central authority of trust. That is the whole reason it has been successful at all. Do you not understand this? This IS the entire point of crypto. We have had many forms of "electronic cash" before. Bitcoin and altcoins are not here to solve the problem of simply "electronic cash", but rather the problem of "how do you claim ownership to anything on the internet without being required to trust a 3rd party like Ebay or Paypal".

This invention goes far beyond the scope of currency alone. I get the impression that a lot of people are still just writing this whole thing off as a fad and not even thinking much of it. That is sad, as they will see their entire world change around them and be forced to look at the logo of their personal failure on every ATM and website for the rest of their life.