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A comment on Can Governments Stop Bitcoin?. Parent comment

Re:Can Governments Stop Bitcoin? by jobigoud on Tuesday February 23, 2021 @05:00AM (#26235548)
> Simply wait and allow reality to sink in.

How many more decades will this take?

[ Parent | on HN ]
Re:Can Governments Stop Bitcoin? by jqpabc123 on Tuesday February 23, 2021 @08:07AM (#26236813)
Who knows how long it will take for people to realize that fraud is being openly conducted in the Bitcoin market.

Example: Famous wealthy entrepreneur loudly and publicly announces a large purchase of bitcoin. The price of bitcoin jumps 20% as a result. Famous wealthy entrepreneur sells bitcoin and realizes a 20% gain.

This is called a "pump and dump" scam and if done in any "regulated" market, famous wealthy entrepreneur would be in legal trouble.

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