4 ms·

Wouldn't creation be manipulation too? As in the creation of the genesis block with Bitcoin?

• chii 8y ago
  but everybody knows the approx. creation rate of bitcoins. Fiat money creation is not predictable to the same mathematical degree.
  • atomical 8y ago
    No one knows who Satoshi Nakamoto is, if he's alive, and whether he will use his bitcoin in the future. He could move the market if he chooses. At one point he was an oligarch, correct? He had money and political power as far as Bitcoin is concerned.
    • chii 8y ago
      i dont believe the spending of Satoshi's (nor anybody else's coins) would cause any issue, since the market knows of the existence of these coins. It's that bitcoin is quite volatile due to its immaturity as a currency and commodity (it seems to act as both atm...) Unless satoshi has somehow hidden a large chunk of coins that has never been released somehow (which, would be weird, since as soon as they release it, it would invalidate the current chain!)
• 1996 8y ago
  If you are arguing that the initial creation is a manipulation, I think you are posting in bad faith, because manipulation is generally understood as altering something that already exists - as in "genetic manipulations"