Re: If they can print unlimited fiat, can they just not buy up all the bitcoin?
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.
But where does this "invisible" fiat go? If you buy, someone must sell, but would you sell your BTC to someone who orders you to keep the deal secret and to not spend the fiat you got for a long time? That would be the only way it would work, but then everything must be managed OTC, and with ALL Bitcoin owners. You would also have to manage somehow to "drown" all exchanges. While perhaps the deal with the exchanges of your country would work somehow, but things get complicated once you'll try to buy up all Bitcoins on exchanges of other countries.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.
I think I get it, you seem to like to parody these "bankers are EEEVIL" guys
(So Carlton Banks is basically right, but you're too funny.)Edit: I figured out how actually they _could_ purchase all Bitcoins (or at least many of them):
- They purchase all Bitcoin exchanges in the world.
- With fake orders, they drive the price so high that all Bitcoin hodlers are tempted to sell.
- They perform an exit scam with all exchanges at once, so the sellers can't bring back the fiat into circulation.
Possible. But sounds a bit crazy, not? They would have to bribe lots of judges for that.