Hey, If they can print unlimited fiat, could they just not buy up all the bitcoin?
Yes the Fed, Central Banks, Banks and superrich can and will do that. So apparently undermining Bitcoinis purpose as a real reliable money for everyone, as it is no longer available to normal people. But Bitcoin could still work
if workers insist on being paid in Bitcoin, instead of 'printed' Fiat.
Central Banks, Banks and Super-rich would buy and 'hoard' Bitcoin and so apparently nothing has changed in terms of wealth distribution. But over time they would have to release their BTC to pay worker / soldiers etc for real work that needs doing. So for the first time since Gold / Silver was the main currency, workers / soldiers / etc would receive pay in something with real value.
What is likely to blow this scenario is this if the Central banks issue their own centralised blockchain cyrpto, where they control the math in which they can create as much as they want. They force Jane+Joe Public to switch their Fiat to ther new Digital Fiat, with marketing its great, for you, bla bla bla. Then they ban old USD and Bitcoin as legal tender. Like the Gold confiscation in the 1930's (
https://en.wikipedia.org/wiki/Gold_Reserve_Act).
To see which way it goes will depend on work starting to get paid in BTC. Apparently the millennials bought up in the internet age could drive that by insisting to be paid in BTC. But they could equally be brainwashed into a new Centralised Central bank Digital Fiat currency.
Oh look someone with common sense, that is not a banker shill like half of you.
Yeah you are right, The vendors/workers all need to say fuck you to fiat in order for bitcoin to be what it is suppose to be in the first sentence of the whitepaper.
( truth is the general public still has no clue there money is backed by fuck all ) but if you look at some numbers on youtube and comments on big bankers deaths, MANY ARE WAKING UP AND ARE PISSED!
But mark my words, If we give up fiat instead of wars with country`s there will be mass murders/robbery`s.
Now if you watch the video I linked, We have a supply that is
limited and unlimited and can be traded for bitcoin, we also work for it already (duration), We all earn a hour every hour, we all die and stop making supply.
limited + unlimited = supply we have never tried in history of humanity. I think this can work.
Do you all want to make the supply equally? or work for another man`s? $laves I would rather we all make the supply, than a select few, I actually refuse to farm this year because I am not giving up my work anymore for some bull$hit.