If they hold coins they reduce supply, which raises the purchasing power of the remaining coins. that's not price control.
Bitcoin would only "fail" if ownership concentration came from coercive stat...
So think Blackrock aren't part ofnthe coercive state?
Saylor isn't the independent operator he portrays either.
If they lock up 10% or so then sure it only reduces supply.
But what happens if the institutions between them lock up 75%? or more?
Basically becomes a hostile takeover and they could easily just be a front for real powers behind the curtain how can easily drop a few billion without even noticing.
plus they've got the plebs investing in the companies rather than the coins to easr the expense.
If bitcoin is indeed a threat to the establishment, what would they do differently to kill it?
it would cost 1.3t yo buy every coin mined so far. that's just 1 Elon Musk.
definitely the easiest way to take it over versus laws, suppression, the hassle of rebellion, etc. Just throw money at it til it goes away.
Saylor isn't the independent operator he portrays either.
If they lock up 10% or so then sure it only reduces supply.
But what happens if the institutions between them lock up 75%? or more?
Basically becomes a hostile takeover and they could easily just be a front for real powers behind the curtain how can easily drop a few billion without even noticing.
plus they've got the plebs investing in the companies rather than the coins to easr the expense.
If bitcoin is indeed a threat to the establishment, what would they do differently to kill it?
it would cost 1.3t yo buy every coin mined so far. that's just 1 Elon Musk.
definitely the easiest way to take it over versus laws, suppression, the hassle of rebellion, etc. Just throw money at it til it goes away.
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