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Are you referring to the 144,000 BTC confiscated in the Silk Road bust? There are almost 12,000,000 BTC in circulation. The Silk Road share accounts for about
by asciimo 13y ago
Are you referring to the 144,000 BTC confiscated in the Silk Road bust? There are almost 12,000,000 BTC in circulation. The Silk Road share accounts for about 1.2% Compare that with any government currency that is 100% government-controlled.
It's easy to permanently lose cash, too.
- Helianthus 13y agoYeah, it's easy to lose cash if you're on Wall Street, but no one lauds that. You're stuck in a place where you're trying to differentiate yourself from Wall Street and you are exactly like Wall Street. And then you compare the total BTC in circulation and its equivalence in USD... and... What the fuck do you think you're doing? Do you think you're toying with trillions of dollars? The banking machine is ignoring you. It simply doesn't care.
- baq 13y agoi guess the point is that money on wall street only changes hands. BTC are permanently destroyed.