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by ur-whale
1619 days ago
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> This concentration not only risks to threaten blockchain's own premises ... And, yet another claim that needs to be justified. Assuming one whale owns 20M Bitcoins, that still leaves 1M Bitcoins to use for transactions. That's 10^14 satoshis, plenty enough to allow people to exchange value in complete freedom. Can the one guy who owns the 20M tank the price by playing market games? Maybe, but why would he shoot himself in the foot by doing so? And even if he did and - say - crashed the price down to BTCUSD = 2 ... would that prevent people from using Bitcoin to exchange value? Nope. |
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