Possible?
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0 sats \ 0 replies \ @cryptocoin 15 May 2023
More than 90% of the all bitcoin that will ever exist has already been minted.
So you are asking what if a buyer wants to acquire all the bitcoin?
The answer to that is ... NGU (number go up).
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0 sats \ 0 replies \ @DarthCoin 15 May 2023
If in 2023 you still ask this meaningless question, you have a looooong way to go.
Please start learning more about bitcoin.
Here are all your questions (like this) and myths already answered:
- https://darthcoin.substack.com/p/users-questions-about-bitcoin
- https://darthcoin.substack.com/p/bitcoin-myths-debunked
- https://darthcoin.substack.com/p/5-stages-became-bitcoiner
- https://darthcoin.substack.com/p/21-reasons-why-bitcoin-will-save
- https://darthcoin.substack.com/p/bitcoin-commandments
- https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like
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0 sats \ 2 replies \ @cryptocoin 15 May 2023
U.S. government?
U.S. corporations?
U.S. residents?
Which?
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25 sats \ 1 reply \ @Believe OP 15 May 2023
Like they did with the gold, US Government!
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0 sats \ 0 replies \ @cryptocoin 16 May 2023
They didn't buy all the bitcoin. They dictated the price that they would reimburse the unfortunate victims of that Executive Order (6502).
It would be like me walking into 7-11, grabbing a 2L bottle of Coke, tossing $1 on the counter and walking out -- because I deemed that a 2L of Coke is worth $1.
Theft, it would be, in that case.
Just as it was theft in 1933.
And in 1933, it wasn't "all the gold", it was gold held for speculation, in the U.S..
Most of that gold held for speculation was held where it could be kept secure -- in bank vaults, or with custodians.
The holders of gold back then (as is the case today as well) could not easily and securely store the gold by themselves. For if they had, that executive order would have been little more than a good laugh. Just as would a similar Executive Order today where the commodity being confiscated is bitcoin. (Well, those who have their coins on exchanges would lose access to them, but those who hodl their key would not be affected much.)
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0 sats \ 1 reply \ @siggy47 14 May 2023
Nobody can buy mine.
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0 sats \ 0 replies \ @cryptocoin 15 May 2023
Everyone needs to eat.
Eventually, you'll sell some (either from your bitcoin income, or from your stash).
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0 sats \ 0 replies \ @q 14 May 2023
Hodl
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