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Well I don't think so because everyone knows there can only be 21mil, so the worst that would happen is that the price would fall for a limited time until the supply vs demand comes back to equilibrium and then we can all continue buying the top forever.

MKD Podcast 1y ago

what if he coordinated an attack by buy majority of the hash power and forked? is that possible?

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Rocking Lazy JM ranch 1y ago

Honestly I don't know for sure if it is possible but I think there are a couple reasons it wouldn't work.

1- he would destroy the value in the BTC he holds

2- trying to corner a market like that is always a moving target. As you buy gold, silver or hash power or whatever the price increases at a rate that you can't keep up with.

This is of course assuming he was a bad actor but I don't think he is otherwise he wouldn't have invented it in the first place.

MKD Podcast 1y ago

absolute power corrupts unless youre jesus 😁

Rocking Lazy JM ranch 1y ago

True, but smart people don't usualy do things that aren't in their self intrest I think.

MKD Podcast 1y ago

absolutely.