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 ...
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 ...