News for hackers. Stuff that matters.
Re:Bitcoin falls from $266 by pbhjpbhj on Wednesday April 10, 2013 @05:24PM (#5528307)
Doesn't that cause the currency to collapse - only limited by the transaction rate? With no transaction limit you can pump for infinite BTC.

If I can do one transaction per minute for an hour at 6% return that's 10 BTC -> 370 BTC using standard compound interest formula. In 10 hours you're a quadrillionaire.

Edit: of course it's limited by the trades available ...

Re:Bitcoin falls from $266 by eurleif on Wednesday April 10, 2013 @05:26PM (#5528317)
You'll run out of people willing to sell at the lower price, or buy at the higher price, eventually.