Quote from: JakkTheKipper on March 28, 2013, 06:57 pmPersonally I don't hold on to coins but I find it so backwards that Bitcoin was supposed to release the people from the banks and speculators but here we are acting just like those were supposed to destroy. Speculating, accumulating, investing, it's the same shit, different model.Bitcoin was not supposed to "release the people from the banks and speculators" - it was created entirely as a proof of concept, nothing more.Apart from that, the reality is that we currently live within a global Capitalist system, something that creates a desire for more stores of value such as gold and of course fiat currency. As a result, the actions you're seeing here stem, for the most part, from living within a Capitalist system - not simply a result of people being greedy.Quote from: danconia on March 28, 2013, 08:49 pm[SNIP]Someone can correct me if I'm wrong, but at this point the market capitalization value or BTC is over $500 million, and that value is dispersed among (probably) hundreds of thousands or millions of people. Even if some collusion occurred, it wouldn't take the market more than a couple of hours to correct the price IMO.The current BTC Market Cap is actually $1,001,919,945.00, with 10,961,925 available. That's just north of one billion USD.Figures are from BitStamp:**CLEARNET WARNING**https://www.bitstamp.net/**CLEARNET WARNING**You would have to have a HUGE amount of collusion in order to affect the price in any noticeable manner - even if every Silk Road vendor were to come together in an attempt to do this, they wouldn't move the price by more than $12.00 - $15.00.- grahamgreene