How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?
How will 3 banks acquire 99% unless people are stupid enough to sell?
It won't be stupid to sell when it becomes apparent the 1% are trying to acquire 99% of bitcoin.
lol. we'll just switch to litecoin. Let the 3 banks have fun with bitcoin and use it to prop up their balance sheets or whatever these people do.
EDIT: how did you leave my ignore list?
What's NOT gonna happen, is the extra-super-duper inflation we have now. Only 21mn there EVER will be. That's all. You can't keep them all. You need money to make the world go around...
The bolded part cannot be said often enough.
Even if governments / banks / rotshilds / big corps / and all the other fucktards adopt bitcoin and manage to grab a sizable chunk...
they will henceforth have to be fiscally responsible and suffer the consequences of their actions just as everyone else. That's the way it should be. Not bail-out and lender of last resort bullshit we have now.
Amen! You said it right.
Meanwhile I won't have any more to buy til the 9th, so hoping for at least a dip before the Big One. That rocket train to 1500.
PS - This is the most thoughtful and entertaining *and educational* thread in a long time.