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by kgwgk 1466 days ago
> Traders getting out is good for me.

Say everyone gets out except you. You own all the bitcoins in the world. Now what?

3 comments

I believe that was Warren Buffett explanation on Bitcoin a while back, during Berkshire Hathaway‎ quarterly earnings report.
Assuming the node network and mining remains intact... now you own a pretty valuable and difficult to replicate infrastructure. At least some people will want to own the "native token" of that network.
How is that a realistic assumption? The infrastructure goes dark as soon as the mining incentives disappear. You own an internet relic, a MySpace page
Use it as the family ledger ?