The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers

https://www.bloomberg.com/news/arti...althy-are-said-to-hoard-10-billion-of-bitcoin

 

going to zero... just a matter of time.

 

Private keys (secrets) makes sense for securing time-bound communications of relatively low value.
Private keys (secrets) makes absolutely no sense as a "store of value".
Once the secret is out, or recreated, it loses its value and utility.

Blockchain technology is here to stay, as a niche player in distributed computing.
Blockchain technology is just a tool though, means to ends, not the end itself.
There's no way technology can or should be the final arbiter for humanity.

 

so much for the whole liquidity/currency angle, next ?

 

This whole cryptocurrency thing is just so blahhh.......once it collapses I really wonder if anyone is going care about these fairytales....

 

The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers.

There were a couple of typos in this threads title, So I corrected it below:

The Wealthy Are Hoarding $10 Billion of Bitcoin is Bonkers.

An alternative title may be: "We are having trouble unloading our Bitcoin at a profit and really need masses of people to take the other side of our trade".

Or maybe this: "If all else fails, we will always be able to get the American taxpayer to foot the bill for our Bitcoin losses".

 

Why do you think there's a liquidity problem?

 

Here take it, this Rapecoin ICO should cover your expenses, Sir!