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Author Topic: It's over. The Ponzi scheme is coming down. Goodnight sweet bitcoin.  (Read 9875 times)
Decksperiment
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August 10, 2014, 09:15:02 PM
 #101

Cool as it was, it dont change the fact that I wrote what most laymen are thinking.. 1 decent solar flare and all your btc belongs to..?

1 decent solar flare that knocks out the entire electricity grid and we've much bigger problems on our hands than what will happen to btc lol.

If that happens we will all be living in a world like something out of mad max, except even cars won't work.

I must point out here that a car will work if it has no electronics, and the battery disconnected at time of emp.. in fact, all electronic devices with no power in them, you know, like a backup battery, or residue current in the capacitors.. will in fact work.. if it has power at the time of emp, kiss it goodbye.. and how many people will be thinking of btc when everything stops working?
TheFootMan
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August 11, 2014, 02:45:59 PM
 #102

It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.

Nagle, is that you?
HarmonLi
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August 11, 2014, 02:51:35 PM
 #103

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...


You know, the problem with that is, we don't really know if those big addresses really belong to individuals.
These addresses could very well be storing funds belonging to thousands of people.
Then, on the other hand, we don't know how many addresses the super-bitcoin-holders have.
We don't know the addresses belonging to the Winklevii. We already know that satoshi has around 20,000 addresses.
The chart is inconclusive at best.

Wow, I really thought that more bitcoins were lost by now. How did they even figure this out??? How do we know the Bitcoins in the addresses with most Bitcoins aren't really lost? We've really only 10 million BTC left to be mined, so we're at about 1/2 of the total amount to be ever distributed. Amazing!

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