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Replying to the reply to my parent comment, since I seem to have reached HN's nesting limit. Forms of control are not always very direct. Let us, hypotheticall
by codelust 13y ago
Replying to the reply to my parent comment, since I seem to have reached HN's nesting limit.
Forms of control are not always very direct. Let us, hypothetically, say the big state actors jump in to take control of 80% of the available bitcoins available, under various entities, they have control and authority and little accountability.
This is already a reality in some equity markets, where retail investors are under 20% and rest of the players are institutional players. It will take much lesser than what it takes to move a large equity market, to move BT.
There is a good reason why there is no global barter system. It simply won't work at that scale. A global barter system -- that would be truly subversive.