Post
Topic
Board Bitcoin Discussion
Re: Forbes Article Predicts Bitcoin Value will "Explode"
by
TheTruth4
on 07/07/2014, 07:17:32 UTC
I wish he would explain how Wall Street plans to monopolize on BitCoin since it is inherently decentralized.
It was invented to work without banks.

Oh that part's easy. Gold is a pretty good model for how it would work. With enough money, you could buy up huge amounts and then repeatedly game the system. There are only so many Bitcoins in circulation, and it's inherently deflationary, as mining them becomes increasingly more difficult.