Bitcoin price is declining because there are not enough Bitcoins being sold vis-a-vis to the constant inflation of Bitcoin mining. Here's a crazy idea:
What if the larger Bitcoin companies and exchanges made an agreement to delete Bitcoins in designated and verified blackholes -- addresses with no corresponding wallet -- to stabilize the value in relation to the inflation? They would 1) be able to maintain the value of their profits and 2) possibly make Bitcoin a bit more stable.
Could this concept ever find itself in reality?
What if the larger Bitcoin companies and exchanges made an agreement to delete Bitcoins in designated and verified blackholes -- addresses with no corresponding wallet -- to stabilize the value in relation to the inflation? They would 1) be able to maintain the value of their profits and 2) possibly make Bitcoin a bit more stable.
Could this concept ever find itself in reality?
I do believe this is, quite literally, the dumbest thing I have ever read.
Why yes exchanges will just delete their money for the greater good, also I pee sparkles and fart rainbows.
