Post
Topic
Board Bitcoin Discussion
Re: If they can print unlimited fiat, can they just not buy up all the bitcoin?
by
BlueHeadLizard
on 06/08/2019, 14:16:48 UTC
why would they print too much money just to buy bitcoin?
they would do that to kill Bitcoin by monopolising it and snuffling it out. Then they use their currency, existing Fiat or new weak Centralised cypto, to keep control of the means in which work is paid for.  This preserves the wealth of historic cumulative property (Intellectual Property, Company shares, Govt expense flows for defence, Buildings,etc) owners as the Property owners pay for the work in low value currency. See other posts on Money supply.

If workers are paid in BTC, it spreads the wealth around as workers will receive pay in something understandable (21m) real value.