Post
Topic
Board Bitcoin Discussion
Re: Bitcoin topic on Quora.com
by
theymos
on 23/01/2011, 15:06:32 UTC
-The BTCs owners could be very sad, because panic could trigger a drop in the FRN/BTC exchange ratio, triggering evaporation of purchasing power of their BTCs, e.g. their BTCs can buy much less goods and services than before the attack.

The attacker must hold a large amount of BTC in order to execute the attack. So he'll also be affected by the lower price. If he brings the price of BTC to 0, then his attack was pointless, since the money that he got back is now worthless.