What happen "if" someone have all of bitcoin?

[susila_bai]

First the main point is what ever bitcoins mined till now in that only 70% is in circulation to active users and balance more then 30% is in dead stock in the sense they are in dead wallet which has been thrown by the users who adopted the bitcoin in the starting and seeing the price very cheap they have thrown their wallet and now they are crying. So what ever the balance coin and what you are telling about future coins holded by one person is highly impossible and even if he got it then the price of bitcoins will get down very soon as when no one can get bitcoins then all of then will forget about bitcoins and start to live with their fiat currency.

[Zadicar]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

I could say that this is really a dumb question since bitcoin isnt totally been mined and also even satoshi itself cant even accumulate all the supply because it would just worthless if he do that.If you own those all bitcoin then it would be useless and has no value at all.

[dfox101]

lol, if someone or some group has all the bitcoin, then bitcoin is dead. It's no different than someone create a new coin and hold all the coins minted. Without people's usage, the coin is worthless.

[Gleb Gamow]

lol, if someone or some group has all the bitcoin, then bitcoin is dead. It's no different than someone create a new coin and hold all the coins minted. Without people's usage, the coin is worthless.

What I found in this forum is that long paragraphs are usually junks. This is because the people who wrote it:
- don't know how to make their points, or they simply have no points to make
- use long paragraph to confuse people
- use long paragraph to make them looks like they have a lot of arguments
- they have nothing else to do in life
- they are eager to promote/defend their shit coins or to bash good ones.

So I learned to read the long paragraphs in the opposite way:
- if it promote/defend a coin, that coin = shit coin.
- if it bashes a coin, that coin =  a great one.

Just to share my experiences

Pray tell, exactly how the fuck did you pass muster so to participate in a sig campaign? Inquiring minds wanna know.

To be fair, here's my question(s):

Anyone like sperm because sperm offer population growth, and some excellence rather than use self-procreation. In my mind i have many question about it.

• Is there some one can get all the sperm for him- or herself?
• If impossible, are that guy or gal can control it?
• Is any sperm exchange will not working until that guy or gal sell some their sperm?

And don't even get me started on controlling the world's corn supply where some advocate, "Nothing goes in where corn comes out!"

@Gleb Gamow, i like how you articulate your response to these queries of hyudien.   at least you still put your effort commenting on this topic though his questions are....b*ld*rd**h...
sometimes reading in the forum adds up spice in your everyday living  

Thanks to The Fine Art of Juxtaposing, sometimes I don't have to comment at all. <insert el winko smiley here>

[hyudien]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

Pray tell, exactly how the fuck did you pass muster so to participate in a sig campaign? Inquiring minds wanna know.

To be fair, here's my question(s):

Anyone like sperm because sperm offer population growth, and some excellence rather than use self-procreation. In my mind i have many question about it.

• Is there some one can get all the sperm for him- or herself?
• If impossible, are that guy or gal can control it?
• Is any sperm exchange will not working until that guy or gal sell some their sperm?

And don't even get me started on controlling the world's corn supply where some advocate, "Nothing goes in where corn comes out!"

Do you have any problem with me? I don't ask a question just for you, you know in this world nothing something impossible. A long time ago some one have a dream to fly but other people curse him a crazy man but, as you know we can fly now. So, what the hell are you said never change anything 

[Kevin77]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

All 21 M bitcoins are not into existence yet, so "that guy" needs to wait another 100 years to get all bitcoins mined out. Still, 10% to 20% of bitcoins were permanently lost due to various reasons hence "all bitcoins" may be possible but certainly not all 21 M bitcoins.

To cease the exchanges we does need to buy all the bitcoins, just buying all offers will be enough but for that you need trillions of dollars as if sellers come to know you are going to buy bitcoins then they will start quoting millions for their bitcoins.

[ralle14]

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

No. you simply can't because there's tons of miners competing to mine every block.
The user can do whatever he wants to his coins.
The guy with all the bitcoins can't exchange it because bitcoin won't be widely known at that point so it has no value. It will take a lot of time before it can gain some value.

[Amph]

for someone to have all the bitcoin he need first to buy all the bitcoin, this mean that he will increase the value to unbelievable level and make bitcoin a strong currency

not so different than the standard slwly adoption that will do the same

lol, if someone or some group has all the bitcoin, then bitcoin is dead. It's no different than someone create a new coin and hold all the coins minted. Without people's usage, the coin is worthless.

itr's partial true if he will never spend anything even among his friend, because miners need fee when the block will be depleted

but as long as he still move his coin to other address he is paying the miners and thus bitcoin can not die

[n0ne]

That's truly impossible. Is it possible to get hold of entire fiat into the hands of a single hand or a group of community. Same is with bitcoin, though it has got the calculated number of bitcoin to be generated within a targeted year. If someone is trying to hold or buy the entire bitcoin around the world too, its impossible.

[ReLieD]

That is kinda impossible. Even Bill Gates will find it difficult to buy soo many bitcoins.
Practically , talking or discussing about this topic is a waste of time
and time is money .
So it would request all of you to act like grown ups and concentrate on something important
rather than wasting your time in such unrealistic things.
Thankyou

[RealPhotoshoper]

That's truly impossible. Is it possible to get hold of entire fiat into the hands of a single hand or a group of community. Same is with bitcoin, though it has got the calculated number of bitcoin to be generated within a targeted year. If someone is trying to hold or buy the entire bitcoin around the world too, its impossible.

yeaaa it is impossible, but at least someone or some group can have bitcoin the most .
currently the bitcoin supply available around 16 million and worth to 14.396.939.566 USD , someone can afford to acquire bitcoin with that much money?
i guess yeaa someone can do it (if it was stored in one basket) , but the reality it is not.

[Senor.Bla]

We are still mining, so it is not very likely to be alive when the last coins are mined. Some are lost and i do not see how you would recover them. As you buy all the coins up the price would go up a lot and you would have a hard time to buy the coins. What could be possible is to manipulate the Blockchain so you own them all. But this seems to be unlikely and would be the end of Bitcoin.

[n691309]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

It's impossible because bitcoin is designed to work differently from what you wrote, a person can nkt have/earn (not even buy) all bitcoins. What happens is that another coin will "replace" bitcoin and exchanges will have that coin as a base and main coin like btc now.

[Juggy777]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

No op not possible even In one of the wildest dreams can that happen, until he is the founder Mr Satoshi who could have kept this coins but again that's not likely to happen. Buy a Bitcoin and try to change the price, did it happen no right so that answers your questions no one man can control price. What will that guy do with coins for his while life he has to sell it. So exchanges will work and they will work good.

[Gleb Gamow]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

Pray tell, exactly how the fuck did you pass muster so to participate in a sig campaign? Inquiring minds wanna know.

To be fair, here's my question(s):

Anyone like sperm because sperm offer population growth, and some excellence rather than use self-procreation. In my mind i have many question about it.

• Is there some one can get all the sperm for him- or herself?
• If impossible, are that guy or gal can control it?
• Is any sperm exchange will not working until that guy or gal sell some their sperm?

And don't even get me started on controlling the world's corn supply where some advocate, "Nothing goes in where corn comes out!"

Do you have any problem with me? I don't ask a question just for you, you know in this world nothing something impossible. A long time ago some one have a dream to fly but other people curse him a crazy man but, as you know we can fly now. So, what the hell are you said never change anything  

Obviously, somethin' haz got lost in translation for my post wasn't directed toward you though that's how it was penned because a crazy man said once, "Nothing something impossible." Feel free to comment once you figure out what my initial reply was not about. <this reply should keep him busy for awhile>

[calkob]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?

Will never happen practially due to lost coins.  and not only that as they tried to purchase all bitcoin the price would become more and more expensive.  driving up the price so fast that Hodlers would continue to hold.

• If impossible, are that guy can control it?

?? do not know what you mean here ?

• Is any exchange will not working until that guy sell some his bitcoin?

Again it just not going to happen, refer to above for reason, there are also many more reasons, i just named 2 practiacl ones.
[/list]

[cengsuwuei]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

1 is nothing is some people can get havel all bitcoin 21 million, this now block bitcoin still run not end, so total suply in market this now not reach 21 million
2 is accident bitcoin if one people have all bitcoin, bitcoin die, same with new altcoin premine 100% nothing peole interest
3 i don't think about until disscuse about bitcoin exchanger because nothing and never one people have all bitcoin

[szpalata]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

It's practically impossible to have one person own all 21million bitcoins because the more he buys them from people the more expensive it becomes because if he manages to buy all from the world but the one that I own then I will sell that single one for the price of all that he's bought, so do you see how Herculean that would be? Secondly, once he has all 21 million bitcoins who cares? He should be able to control and keep it because it will lose its value and nobody would crave for them. Lastly the exchanges will be in existence but will be busy dealing in Altcoins.

[Xester]

At this point of time it is impossible for someone to get all 21 million bitcoins. And in the beginning if a person owns 21 million coins have started to sell his bitcoins the exchangers will only follow if potential market was already established. At present a person must have trillions of dollars or more to purchase even 5 million dollars how much more 21 million dollars.

[erickkyut]

Well good for him but if bitcoin is being owned by one person only, I think it will have no more value because there will be no demand of it. We all know that the value of bitcoin depends on the law of supply and demand. Owning all of the bitcoin by just  one person will make bitcoin lost its value.