Post
Topic
Board Bitcoin Discussion
Re: What is the elites plan when they get back from the island?
by
GigaBit
on 17/02/2015, 13:02:39 UTC
Could anybody in here, just tell me, what is so bad about this meeting?
What outcome do you fear? What can this "elite"-group really do that will hurt Bitcoin so much?

Step 1 - Tank the price - This would allow then to buy it dirt cheap and since all the clueless will have given up and sold their stash.
Step 1b - They will be able to control the prices as they see fit since they would control most of it.
Step 2 - Bring the price to its true value since the money supply would be greatly controlled by a few.
Step 3 - Turn Bitcoin into any other FIAT.
Step 4 - Banks, media & government be praising Bitcoin.

I don't believe they will make Bitcoin PoS.

If I know who those "Bitcoin Elite" are, I'd have a better idea of what could come out of it.