Re: Has anyone informations about opinion-manipulation campaigns against bitcoin?
Burn 5 xxx-notes at home, catch it on video, and get 1000 fiat-burn-coins!
Aahahhahahahahaaahah!!! I would die, due to an extreme laughing flash..
Aahahhahahahahaaahah!!! I would die, due to an extreme laughing flash..
Even if you are done burning all the paper money, there will be even more that gets printed to replace the one getting lost. And no matter how much that gets burned or thrown away forever, there will be even more around. So How much more can you actually afford to get all the paper money to do for the film stunt.
Very well said.
Central banks in each country can publish as much money as they decide, there is no limitations here.
Only question in this process is what is the real value of this money.
If you assume the total money circulation and their distribution, you'll see that private households still control much more money, than any government does. If 2 percent of all people decide to get out of euros by taking their whole cash of the bank an burn it for burn-coins. The Euro would be done. The can print what they want, when this hyper-inflation starts to run, there is nothing they could do!
And it's the best people can do. There is a nice example from Brasil! I read it in a newspaper. There was a time, when the real had up to 40 percent inflation/month. There were some residents that made a fake paralel-currency called "Surreal". That automatically established a market competition!
Link: http://www.theguardian.com/world/shortcuts/2014/feb/02/rio-residents-fighting-inflation-fake-currency