Somebody farted?
Rassah
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Re: The Coming Global Wealth Tax
Today at 03:06:12 PM
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I do find your method of arguing amusing btw.
Anony: If you are wealthy, you can crash the bitcoin market by selling a chunk of your wealth, and then making money on the resulting panic.
Ras: Extremely improbable and difficult to pull off on an open parket, since your crashing will be competing with others waiting to buy your cheap coins.
Anony: If you are that rich, you can just own the exchange you are doing this on.
Ras: How would that stop your competitor from trading and competing with you right on your own exchange?
Anony: Sybil attacks! This wealthy person can make so many trades on their exchange, using fake identity trading bots, that they will max out government imposed daily trading limits!
Ras: Why can't competitors also use a sybil attack, and use lots of their own fake account bots to trade at the same time as you? Also, how do you cause a panic-induced market crash, if the first thing you do is literally freeze the market? (or at the least make it obvious that your exchange is severely broken)
Anony: I know how to fix the issue of wealthy people manipulating exchanges like that. Make a CPU-only coin. Because CPU-only coins will not need an exchange
Ras:

*fart*
Yeah, it's things like that that make people not take you seriously.