pull down to refresh
0 sats \ 1 reply \ @elvismercury OP 4h \ parent \ on: On relative earliness bitcoin
The two are related. If the price is high, then perhaps it will be captured as you say.
If the price is de minimus, then nobody will give a shit, there will not be giant institutional demand, and I can't see how how the scenario you describe is possible.
As best I can tell, your entire argument depends on how you answer the question, unless you can present logic where a bunch of institutions have conspired to control a worthless asset.
I don't see it, personally, unless you think the institutions also control ... Dash, for instance.
You ignore the premise of my argument and then get lost in future price speculation...exactly as they have engineered.
'The idea that the legacy fiat powers would just sit by and allow Bitcoin to invade and takeover their hegemony is common but misguided.
Faced with an asymmetric new competitor standard practice for existing monopolies and cartels is to capture and control them.
This is what the bankers have done to Bitcoin...and nobody even realises.'
reply