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The problem is that an investor that holds 17% has leverage. In Bitcoin, having a certain percentage of the supply means nothing really, and you can abuse a lev
by capableweb 5y ago
The problem is that an investor that holds 17% has leverage. In Bitcoin, having a certain percentage of the supply means nothing really, and you can abuse a leverage that doesn't exist.
It's more likely that the developers has leverage that could be abused, but then their own holdings would tank, so unlikely to happen.
- b112 5y agoUnless the goal is to attract independent / free market types, then after they invest, destroy BTC, thus reducing the economic might of the free thinking class...