Re:Bitcoin Is an Escapist Safe Haven
by edblarney on Wednesday January 04, 2017 @11:28PM
(#13324741)
"Think of all the illegal things that happen over bitcoin. T"
Sure, but if the US gov makes bitcoin illegal that means most of the buyers and sellers - regular people - have to withdraw from the market.
Many of bitcoins biggest owners are big name dudes - like the twin brothers from Facebook, the Winklevoss own something like 10% of all bitcoins.
If they perceive a change in law, they'll have to sell their bitcoin before that happens, as will all legit owners ... it will flood the market and might very well crash it.
Sure, but if the US gov makes bitcoin illegal that means most of the buyers and sellers - regular people - have to withdraw from the market.
Many of bitcoins biggest owners are big name dudes - like the twin brothers from Facebook, the Winklevoss own something like 10% of all bitcoins.
If they perceive a change in law, they'll have to sell their bitcoin before that happens, as will all legit owners ... it will flood the market and might very well crash it.