What if someone, say a bored billionaire, bought the entire supply

>>3388176
Then more would be created through mining.

Any other stupid questions?

>>3388176
Then he would have the largest bag known to man worth nothing.

No market = no value
Supply and demand

What has happened to the IQ of biz posters over the last few months?

>>3388185
What if he bought a PoS coin or a coin that can't be mined anymore

They wouldn't be able to. Wouldn't be enough on exchange and if they were always buying price would skyrocket

>>3388197
Then they would have an illiquid pile of shit that has no value because no one is trading it.

>>3388176
The price would show up as the highest sell order until the exchange delisted the coin.

>>3388176
DoD is doing this with XMR

>>3388176
Crypto only has value if it is used. If no one is using it it has no value, it's that simple.

Crypto =/= precious metals which have an intrinsic value as they can actually be used for something other than currency

>>3388260
Precious metals have no "intrinsic value".
If nobody uses them they're worthless.

>>3388260
Crypto has a funny intrinsic value in that it tracks its own use transparently without authority.
Perhaps you consider accounting and payment processing to both be completely void of value?

Metals are all replaceable with other metals for their actual physical uses. In all cases.
Run gold dry and they'll just switch. There's still copper and whatnot for electronics. Silver, steel, chromium for shininess, plenty of metals for weight.
Purity testing alone makes it inviable as a modern currency. There's a reason bank notes took it over.