Quote from: Ayers on August 26, 2014, 06:44:06 PM

Quote from: barbarousrelic on August 26, 2014, 04:08:09 PM

Quote from: RaheemRaj on August 25, 2014, 06:14:10 PM

If the government really wanted to fuck Bitcoin they would only need to folk out a few million and buy out most of the Bitcoin in existence right now and Bitcoin would become worthless.

This is complete nonsense.

No one can buy all the Bitcoin in existence at once, at any price. No one.
The government dumping millions into buying chunks of Bitcoin would make the remaining Bitcoin far more expensive, not worthless.

even if someone could buy them all, this will only make bitcoin stronger, a pump basically

This is true. Also if the government was somehow able to buy up all 21 million BTC (once they are all mined) then there would be nothing that would stop anyone from making some other coin that is very similar to bitcoin that would actually replace the bitcoin that is now owned by the USG.