Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: aMorePerfectUnion

If you were a government with the world’s most valued currency...and the desire to crush these folks trying to build an alternative, it would be so friggin’ easy.

Buy unlimited crypto at an unlimited price with printed digits. And keep buying to draw as many in as you could.

Then one day put it all on sale to the highest bidder. All of it. On the same day.


14 posted on 04/16/2021 5:22:37 PM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Mariner

You would never be able to own it all. There are many who will never sell.


40 posted on 04/16/2021 7:07:46 PM PDT by Vermont Lt
[ Post Reply | Private Reply | To 14 | View Replies ]

To: Mariner
Buy unlimited crypto at an unlimited price with printed digits

I don't really understand cryptocurrency, but I believe that one of the defining characteristics is that the supply is artificially finite, at least for BitCoin.
48 posted on 04/16/2021 7:34:15 PM PDT by Dr. Sivana (There is no salvation in politics)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson