Post
Topic
Board Economics
Re: What would happen if someone owned all the Bitcoins?
by
medUSA
on 05/03/2014, 10:04:03 UTC
What if some time in the future, one person winds up with all the mined bitcoins?
What then? Would Alt currencies be used?

I don't think any sane person would want to own all the bitcoins in existence. If someone tries to accomplish that, the decreasing supply of bitcoins will drive prices up. Eventually, it gets too expensive to buy and use bitcoins, people will find alternatives, another crypto or another payment system.