/biz/ - Business & Finance

The real game theory behind bitcoin, is that it's not profitable to tell the truth about it, but it's highly profitable to perpetuate the lie and participate in the speculation.

Bitcoin is a fraud, and I know it's a fraud because I've been a participator in the fraud long enough to have come to see the truth.

If it get's banned by the US government, then investor confidence is instantly destroyed, institutions won't go anywhere near it, liquidity will dry up, the order book will disappear, and the price will drop to $1 in a microsecond.

If China threatens to seize the miners and destroy the network, it drops to $0 in a microsecond.

So much for unstoppable money.