Bitcoin, I've Been Here Before
Pardon my very limited knowledge about those things, but one thing I wonder and find fascinating about bitcoin is this : I understand that a very limited number of people, probably the initial developers, hold a very hight percentage of available bitcoin. (disregard the rest in case i&#x27;m even completely mistaken in that assumption...)
Those people have an asset with an incredibly high face value. Of course, the market is probably far too shallow for them to cash out even a small part of this face value.<p>The question is this : for those people, assuming or not that they can coordinate, what is the optimal strategy? I&#x27;m thinking something like draw regularly, in order to build a war chest to &quot;defend&quot; the cryptocurrency against too violent crashes, such sustaining the confidence of the public. In a way controlling and fine tuning the influx of external money coming in from fools wanting in on the pyramid effect.<p>Is it realistic to think such strategy could be feasible, and if so, for how much time those people could&#x2F;would want to sustain it?