Bitcoin is the central bankers trojan horse out of fiat.

[Kakmakr]

Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

The central bankers.

If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.


You want to make something better than fiat and bitcoin that will replace both of them?

Create a coin everyone mints at the same rate.


Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.

Dipshits.  You`re all idiots. Enjoy your slavery.

Dipshit... Think about this.... as soon as people realize that the Central Banks bought most of the coins, the developers simply fork to a new coin and people switch to that coin. Alternatively we just move over to another Alt coin and the Central Banks have to sell to nobody that will want those coins to be able to switch to the new coin.  

The shills and idiots do not understand how all this can happen, because they are Fiat slaves and they are to used to bending over to centralized authorities.    

How long will the Central Banks waste their time and money to buy every new coin we switch to?

[Wind_FURY]

What's that coin then?

Your coin that shall be known in the market and will also replace the bankers? the bankers don't have to buy those that you have mentioned. They can establish it instead of buying it unless they want a shortcut.

Owning all coins? I doubt it that they even care that lot.

OP might be a big blocker, then it will either be Bitcoin Cash, or its fork, Bitcoin Cash SV. Both coins that no Central Bank will ever consider to be feasible enough to be a World Reserve Currency. The forked-shitcoin-scams have lost, their narrative lost, their holders lost.

His idea won't work.

That would give him the idea that those forks that have tried it before didn't even gain any traction. Well at least the beginning became good for them but they were eventually dumped by a lot.

The big blockers were once part of the community who followed Gavin Andresen, Mike Hearn, Jeff Garzik, and other non-developers like Roger Ver. Mike Hearn said he sold all his coins, that would lead me to believe that many anti-Core people also sold their coins. But Bitcoin never failed, and was never on a “long term trend downwards”. Understanding their mistake, now they troll.

The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.mu7gne8ca

[Kong Hey Pakboy]

With the current situation of bitcoin adoption I think that we will be able to buy bitcoin without the need to convert to fiat and the transaction fees can be mitigated if both parties involved in the transaction aren't not in a rush to get the bitcoin.

[DooMAD]

Who can buy all the coins right now?

Who can buy my coins if I'm not choosing to sell them right now?  No one.  So no, central bankers can't buy all the coins right now.  Understand how property works.

I see you're getting a bit desperate in your attempts to justify being on the wrong side of history.  We almost feel bad for you.  Almost.

[Wind_FURY]

Who can buy all the coins right now?

Who can buy my coins if I'm not choosing to sell them right now?  No one.  So no, central bankers can't buy all the coins right now.  Understand how property works.

Yes they can, for 9 digits per coin. I’m very sure many HODLers in the community would be tempted, including me. Haha.

I see you're getting a bit desperate in your attempts to justify being on the wrong side of history.  We almost feel bad for you.  Almost.

Many people are, and will be. The “wrong side” always makes the “right side” always right.

This was said by Mike Hearn during 2016 after selling his coins, “ Worse still, the network is on the brink of technical collapse”.

If the community told him to keep HODLing because Tesla would be buying Bitcoins with cars, he would not believe it.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.mu7gne8ca

[kryptqnick]

Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

The central bankers.

They simply cannot. If there's rapid increasing interest to buy cryptos, they'll skyrocket in value, and it would cost more and more to actually purchase a significant amount of it. Moreover, 'central bankers' aren't some unified entity which can direct all the efforts on cryptos, so there's no consolidated power here to actually make a difference. Finally, there's no motivation for banks to help out their biggest rivals which are decentralized cryptocurrencies. It's impossible to take them fully under control, and even trying to do that requires tons of resources which literally nobody in the world possesses.

[Emitdama]

Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?

The central bankers.

If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.


You want to make something better than fiat and bitcoin that will replace both of them?

Create a coin everyone mints at the same rate.

I hope you know very well that Bitcoin can never be used in replacement of conventional currencies right? That’s not going to be happening, nobody owns and there is no way that they can share it, so the best they are trying to do is regulate it and if they can’t regulate it they will ban it. It’s as simple as that, and there is nothing much they can do about it. Unless you’re going to say that they will create their own cryptocurrencies.

But, let’s say that they somehow manage to buy all the mines around the world and wants to be mining it themselves, people can still decide to leave the Bitcoin and go for other cryptocurrencies, there are so many of them that we have in the market, more than a thousand.

[illete]

I think  Bitcoin is same tme an asset and medium of exchange so that one can pick up benefit. It isn't truly a competition to fiat but sort of complementary instrument. In the event that you get too much Bitcoin you'll change over it back to fiat one way or another. So to those that think that Bitcoin is the curve foe of finance and conventional world cash, at that point they could be in for a shock within the close future.If the world really adopt the Bitcoin it will be beneficial for the individuals and the economy of the country.

[MuffinMaster]

It's very hard rather impossible for a single entity to buy everything like all btc, all miners etc. Bitcoin has been taken to 60k by its community not by central institutes like banks, government. Banks and government till date are happy with their fiat currencies and I don't see any reason for them to do all that stuff.