Quote:
Originally Posted by jscott
I see where you're wrong here, you are making your equation based on the falsity that every bitcoin in the world being stored in an exchange. So you're hypothetical situation is fucked from the gitgo.
You need to find a different scenario man, this one is very "broken".
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It does not matter if bitcoins are stored in exchanges, wallets, Tupperware or on the moon...a cash out of just 0.1% is more money than all the exchangers have combined....
Sooner or later somebody is going to want to cash out and enjoy the good life...as the value of bitcoin grows the % of cash out required to bankrupt bitcoin gets smaller...super simple stuff...