Quote from: Stikaz on March 27, 2013, 01:43:36 PM

Not sure if it's the right section for my question...

The shit load of money that Bitcoin system generates without any taxes and regulations should make fiat-related organisations and governments a little nervous. Let's say they decide to kill the market...

Right now, it's roughly 87$/BTC. That makes the Bitcoin market value up to (87$ x 21M) 1.8 Billion $. In comparison, the cost of tax evasion or war on drugs in the US is a way more than that a year. Do you think these organisations would be able to buy all BTC on markets and make them lost forever? Or even change the rules by owning most of the global market? What would be the options for the market to prevent this?

This question has been done to death, but since I have a minute or two: The market value of Bitcoin $1.8 billion by your calculations, is just a static figure. In the real world, if someone (government, God, Jesus come back to Earth, the International Communist Alliance) wanted to buy enough of the BTC supply to control the market, think about what would happen... the price would rise exponentially, much more so than it has so far, and I can tell you for a fact I would only sell MY bitcoins for about $1 mil each! The so called "market cap" would grow very large, very quickly. It would make the war on drugs seem like a tiny budget line by comparison.