> And while these ideologues are busy demonizing the central banks a handful of individuals manipulate bitcoin to levels a central bank could never even attempt

> And while these ideologues are busy demonizing the central banks a handful of individuals manipulate bitcoin to levels a central bank could never even attempt... Thank you for putting words to an idea I've had for a while. I agree that central banks are imperfect and that they sometimes abuse or just misuse their power. When they abuse the trust we place in them it creates real, specific problems. Cryptocurrencies have no trust, but they have even worse versions of the same specific problems. This shouldn't be surprising. The entire reason we created central banks in the first place was precisely to attempt to manage these specific problems. The implicit argument is that centrally managing a currency isn't just imperfect and corrupt, but that it's so incredibly imperfect and corrupt as to be worse than nothing.