for someone who claims not to be a newbie troll, you sure argue like it.
these issues have been discussed ad nauseum since day 1 2009. i won't bother with the 51% attack since it hasn't happened and probably never will. too much effort for lazy fiat artists who would rather manipulate than actually work. while they could try to short it down using the few exchanges that do allow it, they would be taking huge risk in leaving such large amounts on exchanges presumably unfriendly to their cause and overseas. audits will help prevent this along with the risk of these centralized exchanges being hacked or shut down like Evo walking off with all their funds. if that ever happened, lots of heads would roll at these 3 letter agencies or banks. there's no printing of BTC to bail them out either.
The lower you drive the price, the more ammo you give to your 'opponents'. Great strategy he is proposing these issues have been discussed ad nauseum since day 1 2009. i won't bother with the 51% attack since it hasn't happened and probably never will. too much effort for lazy fiat artists who would rather manipulate than actually work. while they could try to short it down using the few exchanges that do allow it, they would be taking huge risk in leaving such large amounts on exchanges presumably unfriendly to their cause and overseas. audits will help prevent this along with the risk of these centralized exchanges being hacked or shut down like Evo walking off with all their funds. if that ever happened, lots of heads would roll at these 3 letter agencies or banks. there's no printing of BTC to bail them out either.
. Well I guess it could work if the world only contained panicking headless chicken-types and no determined investors.