Damus
Diacone Frost · 2d
can you buy and transact with bitcoin or they are the only one who is allwed to? until this somehow changes, i don't care what they do.
Moist profile picture
no, you've missed my point.

if they buy it up and hold then nobody can do anything with it. they lock it up and force us all back onto whatever crappy currency they come up with.
if you're in charge of the world dropping $1-2tr to eliminate the competition is a cheap price.

for BTC to work, as I've always said, it needs to be used as a medium of exchange not as a store of value.
Diacone Frost · 2d
I don't disagree there. it is a medium of exchange. bitcoin is money. money has a definition. one of the money properties is store of value. otherwise why would you accept it. there is no such thing as "not enough money" in economy. prices will adjust. hoarding it is not a problem. (And btw. L...