Post
Topic
Board Bitcoin Discussion
Re: If they can print unlimited fiat, can they just not buy up all the bitcoin?
by
deisik
on 09/08/2019, 12:22:00 UTC
Hey, If they can print unlimited fiat, could they just not buy up all the bitcoin?

This assumes "they" are in fact interested in Bitcoin

In bringing it down, or taking it under control, or whatever. But even if they could buy up all bitcoins (which they simply can't), it would make no sense as many more "Bitcoins" would quickly spring up like mushrooms after the rain. Bloody hell, we already have so many coins flooding the market even without anyone actually going to buy up just a single one of them. So seriously, why should they care?

I made a post like this yesterday, mods removed it with no notice again

They were right as this question was asked more times than it has been replied in this thread

But as we know in 2008 USA showed the world how to abuse it

Whether they abused their monopoly of printing money or in fact saved the economy from imminent collapse depends largely on how you see it