Why aren't the worlds richest people buying up all the coins?

[theonewhowaskazu]

The richest people are not buying BTC because they are not done scaring the 'poor' into buying it first.

The more I see, the more I have to think that cryptos are a false flag/hope operation that will con us into going cashless.

This I doubt (but do not rule out.)  Bitcoin itself has some flaws which would make it amenable to centralization and control, but doing so would spook the userbase and popularize one of the numerous possible alternative designs which would be less susceptible.

Most likely Bitcoin was a natural follow-on to earlier efforts such as hash-cash and was released with the level of polish that the resources allowed (minimal.)  The designer(s) was/were probably independent entities who had some combination of political motivations and personal enrichment goals.  And both were probably fulfilled.

----> Gavin will visit the (fascist scum) CIA ----> https://bitcointalk.org/index.php?topic=6652.0

What does that have to do with anything?  For one, it's no big deal in and of itself, and for two, Bitcoin was fairly old by the time he did his presentation.  This in fact argues against your thesis.  I mean, if some entity had devised Bitcoin as a nefarious plot of one-world control, the CIA probably would not have had Gavin to come and give a presentation about it as a means of trying to learn something.

Do you really believe such powerful technology (eg. asics) would have been developed otherwise ?

If BTC wasn't on their radar before gpus were integrated, it sure as hell was after. alCIAda couldn't figure it out for themselves, so they had to step in before cryptos became too big to control.

Given thier history of fabricating wars and the human suffering these maggots have imposed on our existance, its mind boggling to see how so many willing to pass this off as a tea and crumpet social.

What.

You think the CIA developed ASICS?

[1713286421]

1713286421

[1713286421]

1713286421

[tvbcof]

What.

You think the CIA developed ASICS?

CIA <--> AsIC!  zOMG!

[Patel]

Do you really believe such powerful technology (eg. asics) would have been developed otherwise ?

The CIA may have or have not created ASICS, but they sure as hell aren't the majority thats operating them. So how does that help them control Bitcoin?

[Hippie Tech]

What.

You think the CIA developed ASICS?

You'll be surprised with how many of their front companies you/we unknowingly deal with on an everyday basis.

Do you really believe such powerful technology (eg. asics) would have been developed otherwise ?

The CIA may have or have not created ASICS, but they sure as hell aren't the majority thats operating them. So how does that help them control Bitcoin?

Unless we conduct a census, we have no way of knowing who is really in control of the coins and hashpower.

Considering how something as big as the Manhattan project was able to remain top secret for as long as it did, anything is possible.

[justusranvier]

Considering how something as big as the Manhattan project was able to remain top secret for as long as it did, anything is possible.

It was a lot easier to keep secrets back then.

[AlexanderSpamilton]

if they convert there currency to bitcoins and have all of them for themselves there is no spending and thus no economy. bitcoin needs more wealth distribution which i think is why the value is high.

[Hfleer]

I'm not sure why we don't see more of this either, but that Second Market fund and also the ETF, if we see that some time, would make it more likely.  I was thinking we could see them put some of their high risk allocated investment into Bitcoin of those that follow a popular method I've seen where you divide funds up by risk among other things and assign a certain percentage to diffferent categories.

[Hippie Tech]

Considering how something as big as the Manhattan project was able to remain top secret for as long as it did, anything is possible.

It was a lot easier to keep secrets back then.

When less than 1% have the complete picture, its pretty damn easy to keep a lid on things. Everyone else is hired and on a 'need to know' basis.

In other words, they compartmentalized the craaap out of it.

[AndrewWilliams]

I do not think we are very far off from Bitcoin finding itself into the portfolios of the wealthy.

Financial planners throughout the world will soon be saying, "Your portfolio currently consists of 10% gold, 40% S&P 500, 20% in real estate, and 30% in Bitcoin."