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by ganafagol 1775 days ago
Not sure this is meaningful. It's similar to asking "I wonder if the stock market could cope with Elon Musk dumping all his Tesla shares at once. Do it!" Of course the stock would crash. Of course it would create a panic among not just Tesla shareholders but investors across the board. Of course the FTC would go and try countermeasures. And similarly, of course BTC would crash, at least temporarily. It's still a market with human actors in it.
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Correct! But unlike the Tesla example, Bitcoin doesn’t have an FTC, with market-stabilizing abilities and procedures and tripwires. What does that mean in reality for large asset holders, for market stability, for relative safety of investment? What would Ethereum do in this scenario that Bitcoin cannot do? Is it irrelevant that Bitcoin can’t regulate these things and everything would be fine?