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Topic: Hero member agrees Bitcoin creates inflation (Read 170 times)

full member
Activity: 238
Merit: 109
November 24, 2017, 06:00:30 AM
#1
From a different thread:

Quote

In the modern day, most money is created by retail banks when they give out loans.  This is confirmed by England's central bank (the Bank of England) in their statement on the topic here


Exactly. Retail banks "create" money out of thin air which causes inflation.

And with Bitcoin, this is the identical same thing.

Bitcoin forks and creates more money out of thin air. Alt coins are created generating money out of thin air.

There is no difference between Bitcoin and the retail banks.
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