Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Doesn't that cause the currency to collapse - only limited by the transaction rate? With no transaction limit you can pump for infinite BTC.

If I can do one transaction per minute for an hour at 6% return that's 10 BTC -> 370 BTC using standard compound interest formula. In 10 hours you're a quadrillionaire.

Edit: of course it's limited by the trades available ...



You'll run out of people willing to sell at the lower price, or buy at the higher price, eventually.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: