/biz/ - Business & Finance

Here is the plan lads.

Next week when cash settled futures trading on bittcoin starts our team will begin to load on up on shorts. I'm talking 11 figures.
Then we will flood the network with microtrades. Right now we have enough wallets in our automated system to do thousands per second.
This will DDoS the network to death.
People will panic and try to sell. But they can't. The price will fall into black hole and our cash settled futures will pay off very handsomely.

>>4763940
>Literally poor fag who rambles and hate himself that he didn't invest 2 years ago and still tries reason why he doesn't invest right now

If I see one more Link post I will kill everyone on /biz/

>>4700755
NEXT STEP: rape

>>4682888
The problem with bitcoin is the inherent transaction limit.
As soon as there is any market disturbance and a large number of speculators want to cash out, the system will freeze up TOTALLY. No one will be able cash out because the backlog will be hours then days and then weeks. At that point people will totally panic and even more people will try to cash out.
The system will DDOS itself to death and miners will start dropping out because they can no longer transact their rewards. That's the end of it. Sure there will last minute frenzied fix attempts, like increasing the block size, but this will only increase network cost and make the situation worse.