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We're saying that BTC's value could crash to close to $0 but it will still keep running and working because people like myself would never allow it to actually
by 6nf 4y ago
We're saying that BTC's value could crash to close to $0 but it will still keep running and working because people like myself would never allow it to actually reach $0. I will personally buy every last bitcoin on the planet before it gets close to $0.
- pencilguin 4y agoWho will pay to put your transaction on the blockchain?
- beaned 4y agoHe will, fees come from the sender.
- pencilguin 4y agoAs I understand it, for anything to go on the Blockchain, somebody has to be mining coins. Who will still be doing that? Or, have I misunderstood?
- RealStickman_ 4y agoAnybody can set up a miner and if there's no competition, it just gets cheaper as well.
- pessimizer 4y ago> I will personally buy every last bitcoin on the planet before it gets close to $0. At some point during that process you will run out of the actual money you're using to buy bitcoin. It will then crash from being worth a fraction of a penny to zero.
- 6nf 4y agoThat can't happen, if the BTC price gets close enough to zero my money will not run out before the BTC runs out. I have plenty of money and there's less than 20 million BTC.