Good points & dialog here - my greatest concern with cryptocurrency is - what's stopping the central banks from buying / consuming / gathering all of it in much the same strategy as JP Morgan is hoarding silver? Perhaps it is not that simple but do not underestimate their algorithmic technology . . . and ability to throw everything in their shady arsenal at it
I would actually quite enjoy that, please tell them to throw 1 trillion $ into AMP:
I would like to make some money out of that. But they will never do that since that would weaken their curreny, why the hell would they do that? Since they dont have printing power in BTC?
Nah, I think they will do this through legislation.
Certainly, still grappling with the common sense logistics of it all here! My next question would be is their inability to 'print bitcoin' akin to a inability to create an multitude of Mt. Gox scenarios?
Mt Gox is what would happen to all Too Big to Fail Banks if they would be removed from government protection.
Certainly if people are stupid enough to give their money to a custodian, then they really deserve the consequences.