Max Power That wouldn't work for a number of reasons. Namely, they would have to buy them as they continue to be created with ever higher valuations. Many people wouldn't sell to the government, knowing this would happen, and they would profit greatly. One bitcoin can be split quite a bit, so a subset of bitcoins would still perform the same function as the whole. And finally, a different cryptocurrency would simply fill the gap. But really, it would be cheaper to hack bit-coin and subvert it. But why would they bother. It doesn't appear to be taking off in its current form.
That short term, medium term, and long term answer is absolutely genius
I'm always so surprise why so little views from Peter Thiel's video. In my opinion he is one of the most important capitalist around.
Me too!
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Starts at 0:47
Great stuff - interesting and immensely thought provoking!
27:50, it's only been six years, but now you can buy and sell Bitcoin on PayPal, and use it for payments!
Amazing ! full on truth telling for entrepreneurs. Completely, changed my attitude . I'd forgotten what positivity sounds like.
Congratulations and all the best ❤️
He said we live in a society
Excellent speech
Sooo many people...
A government can't shut down Bitcoin.
But they can throw sticks in the wheels making it difficult and unattractive to use for the general population.
They could buy all of them up as there is a limited supply.
Max Power I wish they would try to buy all of the coins. That would translate in an incredible increase of: the price, validity and media attention.
Max Power That wouldn't work for a number of reasons. Namely, they would have to buy them as they continue to be created with ever higher valuations. Many people wouldn't sell to the government, knowing this would happen, and they would profit greatly. One bitcoin can be split quite a bit, so a subset of bitcoins would still perform the same function as the whole. And finally, a different cryptocurrency would simply fill the gap. But really, it would be cheaper to hack bit-coin and subvert it. But why would they bother. It doesn't appear to be taking off in its current form.
Sure