Post
Topic
Board Bitcoin Discussion
Re: Central Banks could EASILY destroy Bitcoin (if they want)
by
ouwe
on 10/01/2014, 18:32:46 UTC
July 9, 2010: When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell. The Hunt brothers famously bankrupted themselves trying to corner the silver market in 1979.

Always interesting to see mr.Nakamotos opinion-..... Wink

http://crypt.la/2014/01/06/satoshi-nakamoto-quotes/