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If the Fed or competing currencies want to try and nip the bitcoin idea in the bud, one way to do it would be to buy up a bunch of bitcoins and then dump them t
by espeed 15y ago
If the Fed or competing currencies want to try and nip the bitcoin idea in the bud, one way to do it would be to buy up a bunch of bitcoins and then dump them to crash the market in an attempt to sour the bitcoin concept in people's minds.
- lysol 15y agoBut really, why do that when you can simply let the pundits do what the pundits do: make up shit on financial sites.
- espeed 15y agoEvidently bitcoin is getting it from all directions -- it must have ruffled some feathers.
- Symmetry 15y agoIf the Fed wants to nip it in the bud they can just go after people converting Bitcoins into dollars or goods for money laundering.