4 ms·
If someone sells 100 billion USD of bitcoins, the rest won't be worth 900 billion USD any more. A market price does not work that way. The rest would probably b
by a3w 4y ago
If someone sells 100 billion USD of bitcoins, the rest won't be worth 900 billion USD any more. A market price does not work that way. The rest would probably be worth another 100 billion or nothing at all. The price would drop even while selling off the first 10%, so even getting 10% of the nominal value out could be impossible when owning every last one at the start.
Or to put it another way: No one, at any point, put that much money into the system.
Also, it costs our environment a lot. Soon I would join the ranks of luddites, if science and anything digital was not that much more interesting to me than plainly surviving.