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Hardware makers who accepted dollars for graphics cards and ASICS would still have dollars. Electricity companies would still have dollars. VCs who invested $
by patio11 13y ago
Hardware makers who accepted dollars for graphics cards and ASICS would still have dollars. Electricity companies would still have dollars. VCs who invested $100 million of OPM in Bitcoin companies would still have dollars. Employees of those companies would, one hopes, have been paid in dollars.
And then the biggie: people who sold before the pump-and-dump hit "dump" would still have dollars.
Who loses? People holding hardware which 90%+ depreciates, GPs of funds investing in bitcoin companies, and a whole lot of people who bought into the pump-and-dump at or after "dump."
- beachstartup 13y agoall that i know, but what about the value of the bitcoins kept at the exchanges and on online wallets? i presume that since their deposits aren't denominated in usd or any other currency other than btc, there's no actual loss of dollars, right? i.e., the only thing lost is the actual bitcoin, post-facto of the conversion from a 'real' currency.