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>fiat money markets are many times more transparent than bitcoin markets. Absolutely not. USD is purposefully manipulated by an organization that doesn't want
by blotter_paper 8y ago
>fiat money markets are many times more transparent than bitcoin markets.
Absolutely not. USD is purposefully manipulated by an organization that doesn't want their decisions to be known too far in advance. If inflation is about to increase, only a small cabal is supposed to know before the official announcement. For a decision like this to be made in Bitcoin, it would take lengthy discussion to get enough nodes on board. Even segwit caused a fork, the old Bitcoin (BCH now) is still around. Inflation can't be manipulated by a central organization that makes secret plans in advance using special powers. Whether or not that's a desirable quality is up for debate, but to act like the USD market is more transparent is absurd.