Quote from: jbreher on July 22, 2017, 08:49:07 PM

Quote from: r0ach on July 22, 2017, 08:33:26 PM

The fact that the ESF has not yet attempted to destroy bitcoin means one of ~~two~~ [three] things: 1) either bitcoin is a govt sanctioned scam, or 2) they just haven't gotten around to destroying it yet:

;or
3) Nobody will accept a naked short bitcoin, as it not only is a naked short, but it is no easier to obtain, hold, and secure than a real Bitcoin. Paper gold, OTOH, is much easier to obtain, hold, and secure than real gold - which is why (some foolish) people accept it.

Due to the technical nature of bitcoin and the fact that most people don't even know how to work a VCR, it's a given the vast majority of the population will be using "bitcoin banks" like Coinbase or other entities and not taking delivery of their coins. It will be even easier to short bitcoin into the ground than metals.

Like I said, you don't even need naked shorts. All you need to do is short the price below cost of production and force miners to turn off, which in turn further reduces the synthetic price floor through a feedback loop since cost of production is recursive based on it's own demand. Anyone who doesn't acknowledge bitcoin is far more vulnerable to weaponized shorts than metals is either lying or doesn't know what they're talking about imo.

TLDR: there is no incentive whatsoever for the ESF to short metals below cost of production, but there's huge incentive for them to do so in bitcoin.

Quote from: becoin on July 23, 2017, 09:05:37 AM

the sooner big blockers get their own stupid coin the better