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General Discussion / Re: Bitcoins, worth investing in?
« on: June 01, 2013, 08:46:59 pm »
To get the theoretical share of 51%, at current bitcoin rates you'd either need to invest $128USD per coin to have a controlling share of the 11M currently in circulation, or datamine the remaining quantity, which is theoretically more expensive than simply buying them based on electricity cost.
So provided a country is willing to sink about $720M into sinking bitcoin permanently, it's possible. Doubtful it would happen, though.
So provided a country is willing to sink about $720M into sinking bitcoin permanently, it's possible. Doubtful it would happen, though.

