Quote from: TimeBits on August 06, 2019, 10:07:57 PM

Quote from: harpazo777 on August 06, 2019, 05:25:31 PM

Quote from: jake zyrus on August 06, 2019, 01:52:23 PM

First thing is that, they can't just print money every time they feel like printing it. They have to keep the balance and they won't print too much money because the money will loses its value. And the government are the one who prints money, and some governments are not into bitcoin and crypto, so why would they print too much money just to buy bitcoin?

WTF, the government does NOT print the money. The Federal Reserve is no more Federal than Federal Express. It's a privately owned bank and what makes you think these criminals have to keep a balance? The Federal Reserve has NEVER been audited!

I see we have one person with a brain, all the rest be like "It will devalue their currency" SURE IT WOULD IF IT WAS ON THE FUCKING BOOKS THAT DON`T EVEN EXIST FOR THE FED

If I am Mr Banker Man Sam, I print $1000 out, the rest of the world does not know about it, how the fuck does that make the price go down?, the rest of you are still trading $1 for 3 apples, I JUST HAVE $1000 NOW TO BUY A BUNCH OF FUCKING APPLES FOR FREE, god these comments are so god damn delusional.

HEY TAKE YOUR HEADS OUT OF YOUR ASS, DUMB FUCKS, YOUR KIDS ARE $LAVES BECAUSE OF HOW FUCKING DUMB YOU ARE.

Because as somebody else pointed, that fiat enters circulation. You think my garbage gov is keeping books or showing them to anybody else? No. Did the VES kept at its value? I think it has lost 99% value in the last 11 months, and its not even one year old. Its already 1.5:1 against satoshi, you need 1 and a half bolivars to buy 1 satoshi. This coin last year when it started, was able to buy 700 000 satoshis with that same bolivar, so from 1:700000 to 1.5:1 in 11 months...

Those running the GOV, have the exact same thinking as you, that they could "somehow" remain unnoticed and stretch the budget endlessly. but NO, they can't. That extra fiat enters circulation and things rise in price, faster than they can imprison anyone rising the prices. Have you read this book? You should: [utl=https://mises.org/library/forty-centuries-wage-and-price-controls-how-not-fight-inflation]
Forty Centuries of Wage and Price Controls: How Not to Fight Inflation[/url] (its free). You will find there that, your idea isn't new, to say the least...

You have not lived it, that is why you still think its theoretically possible. IT ISN'T. If they don't print the money they can't buy it, if they print it, inflation starts the moment they use it. There is no way to cover it. The USD is a bit exceptional because most countries in the world compare against it, so what do Americans compare against? Gold? ? But even them can't go beyond certain point. USD is not invincible, print too many and it will do the same...

Besides, even if they magically bought all the existing bitcoin, what about the coins in your and my possession? The price would soar so high for those that they would need to spend all the money they just spent just attempting to buy the available ones. And some will always remain beyond their reach. But of course they would aim for 51% to pull that other trick.