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If the value dropped to Zero, I’d “buy” them all and then run my own miner to confirm the transaction and sail off into the virtual sunset with my story about h
by majikandy 4y ago
If the value dropped to
Zero, I’d “buy” them all and then run my own miner to confirm the transaction and sail off into the virtual sunset with my story about how I bought all the bitcoin in the world. I’d keep running the miner and publishing my chain. But then someone would come along with more hashpower than me and rewrite all my transactions with their longer chain and my sunset would turn to darkness, and I’d be poor again… but ironically they’d probably not be worth zero anymore. Then people would rewrite that chain with more hashpower… And so on, until greed secures the transactions again and restores value.
At which point I’d turn my miner off and wind the chain back to when I was rich on my private virtual island for one and live happily ever after.