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Many people bet on Bitcoin becoming world money. Then you don't need to "liquidate" it at all. At the same time, market evolves: the more people invest tomorrow
by oleganza 13y ago
Many people bet on Bitcoin becoming world money. Then you don't need to "liquidate" it at all. At the same time, market evolves: the more people invest tomorrow, the more btc you will be able to liquidate.
When Bitcoin becomes a world currency, then capital controls wouldn't matter.
- adrianwaj 13y agoI know that. Bitcoin's main risk is that it can make a person's fortune known, and accessible (or rather vulnerable.) "You have 50,000 bitcoins.. transfer them to me now or alternatively do xxxx now .. or else." In fact some sort of time-lock or trusted partner would be a good busines idea, so that someone couldn't just come with a gun to your head. It can't become a world currency because it makes people too personally vulnerable... at least as it stands now, but it's a really good start.
- oleganza 13y agoPeople can find out about your coins the same way as they find out how much gold you have.
- ceejayoz 13y agoWhat website would you go to to find out how much gold I hold?
- oleganza 13y agoWhat website will tell you how much BTC do I hold? If you can trace from some exchange or a merchant my identity linked to some bitcoins, you can equally do that with a gold dealer. Of course, you can see where bitcoins are moved, but that won't tell you much: they could be equally sold or simply relocated.