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@ vinney | opfn.co
2025-02-13 13:34:18
All that does is change the price, not manipulate Bitcoin. And that price manipulation isn't even guaranteed. The price movement (and how long it lasts before healing) would depend on the reactions of the rest of the market.
Owning lots of Bitcoin doesn't give you any control over the protocol. All it lets you do is sell your Bitcoin. And if fewer people are willing to trade Bitcoin for Fiat, then all you have left to do with your "hoard" is buy valuable goods and services from other Bitcoiners. ...which is obviously the goal of society and not a problem.