Printing a lot of money would make the value or rate of the money itself decreasing and will happen fluctuation. Fiat is now working on demand - supply, so if the supplies were just too much, the value would be decreased. Making money is not that easy, and that's why the country would prefer to take a loan from another country and not to print the money themselves
Did you just wake up from a 60 year nap or something? "Quantitative easing" ring any bells? The US has been printing money like there's no tomorrow, enough to buy 21 million bitcoin many times over. 
Topic: Why the big whales are not cashing out? - page 11. (Read 7529 times)
That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.
How likely is that?
Any government or big banks can easily buy all the bitcoin currently in supply, there will be lots of hurdles for them to do this but this doesn't mean it is impossible. Also i don't see any incentive government/bank will have doing this.How likely is that?
Satoshi himself and many other big holders seems holding their bitcoin quite tightly not because of fear you have mentioned for sure. Talking about satoshi he will not move any single bitcoin from his known addresses because that can destroy whole bitcoin market due to fear and talking about other big holders they are just holding it as good investment. Some of them keep on cashing out profit which can't be noticed from outside because that amount is really low to make any significant move on market.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Printing a lot of money would make the value or rate of the money itself decreasing and will happen fluctuation. Fiat is now working on demand - supply, so if the supplies were just too much, the value would be decreased. Making money is not that easy, and that's why the country would prefer to take a loan from another country and not to print the money themselves
At $12B market cap a government, investment fund, or bank itself could purchase the majority of Bitcoin in circulation. This technically would not be the end of bitcoin, but the scenario you propose is possible.
If they wanted to do something like that, they would need a lot more money because prices would skyrocket instantly if someone or some entity started to buy up bitcoins. But it wouldn't matter in the end just because they could print as much money as might be required to get a controlling stake in Bitcoin.
At $12B market cap a government, investment fund, or bank itself could purchase the majority of Bitcoin in circulation. This technically would not be the end of bitcoin, but the scenario you propose is possible.
That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.
How likely is that?
How likely is that?
Jump to: