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<blockquote data-quote="wilberforce15" data-source="post: 4751551" data-attributes="member: 5053"><p>Yet any amount of meaningful adoption means prices will rise no matter what short term games anyone plays. BTC is very unevenly distributed. But we know little of some of those accounts. I'd guess half of the biggest bitcoin collections are sitting at the bottom of some landfill. </p><p></p><p>The diamond cartels had to do that because they were in danger of having a market flooded with supply. So it had to be rounded up, limited, enforced, and released only to their advantage. </p><p></p><p>Gold, diamonds, etc. are subject to massive supply shocks with new discoveries, horders releasing some, etc. Bitcoin isn't nearly as subject to that.</p></blockquote><p></p>
[QUOTE="wilberforce15, post: 4751551, member: 5053"] Yet any amount of meaningful adoption means prices will rise no matter what short term games anyone plays. BTC is very unevenly distributed. But we know little of some of those accounts. I'd guess half of the biggest bitcoin collections are sitting at the bottom of some landfill. The diamond cartels had to do that because they were in danger of having a market flooded with supply. So it had to be rounded up, limited, enforced, and released only to their advantage. Gold, diamonds, etc. are subject to massive supply shocks with new discoveries, horders releasing some, etc. Bitcoin isn't nearly as subject to that. [/QUOTE]
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