I know it's impractical and can't be done within probably even a day nor a week, but what would happen if someone very rich would like to spend ~1 billion on bitcoins and buy it all?
At first glance looks like it would be the end. Thinking a bit more it suggests that the later bitcoins would be so expensive that even he couldn't afford it, but he would have so much that could make a huge profit out of it.
If there's someone more literate than me in economics, I'd love a detailed and argumented response.
i would think bitcoins value would drop like a rock.... as the bitcoin economy would fail, thus ending the demand for bitcoin.. a possbale replacment might pop up.
unless there was something vary importaint you could only get with bitcoins.. causing the price to be high as people would be willing to pay almost anything for it.
thats what i suspect