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The article suggests that government can't get rid of bitcoins. But given the upper limit on the number, couldn't the government simply buy them all?
by ajb 15y ago
The article suggests that government can't get rid of bitcoins. But given the upper limit on the number, couldn't the government simply buy them all?
- burgerbrain 15y agoThey can only buy those that people are willing to sell. Theoretically they could do it, but the act of buying all of them would likely make many people rather rich. And then once they did it, people could just start a new chain anyway.
- gleetree 15y agoAnd how will they buy them? If they started buying them all the price would skyrocket and people would be more likely to hold onto them. And which government? The Chinese, The Russian the US? We'd see all nations suddenly rushing to buy bitcoins, and I'd be a billionaire.