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> What happens if the biggest player has an unlimited supply of money they can just mint at will and use it to drive up the price that you pay? That's what ce

> What happens if the biggest player has an unlimited supply of money they can just mint at will and use it to drive up the price that you pay? That's what central banks do, and a lot of cryptocurrencies. It's very very hard to do though with Bitcoin.

jqpabc123 5y ago
That's what central banks do, and a lot of cryptocurrencies. Yes, so crypto is just like fiat but without regulations or safe guards or insurance. It's very very hard to do though with Bitcoin. It's hard to manipulate the quantity of bitcoin --- not so hard to manipulate the price of bitcoin.
- mateuszf 5y ago
  > Yes, so crypto is just like fiat but without regulations or safe guards or insurance. That's why I'm not a fan of crypto in general, only of Bitcoin > It's hard to manipulate the quantity of bitcoin --- not so hard to manipulate the price of bitcoin. True, but I guess it's easy to do that with every small market. I'd imagine the bigger the market capitalization, number of participants the harder it would be to manipulate the price.
  - jqpabc123 5y ago
    True, but I guess it's easy to do that with every small market. It's pretty easy when you can mint Tethers and keep the price pegged at $1 USD no matter how many you print and use them to buy/inflate the price of bitcoin.
    - mateuszf 5y ago
      Again, not issue with Bitcoin but other crypto. If you can "make" money, you can buy anything.
      - jqpabc123 5y ago
        If you can "make" money, you can buy anything. Yes and anyone can easily make money just like Bitcoin --- just clone it.
        mateuszf 5y ago
        As easy as making Facebook clone. Good luck with getting people to use it.
        jqpabc123 5y ago
        PT Barnum --- *"There's a sucker born every minute."* How many Bitcoin clones and forks are being used in the crypto-market right now? Too many to easily keep inventory in your head.
        mateuszf 5y ago
        That's cool we agree on Bitcoin clones value. They don't matter.

jqpabc123 5y ago

That's what central banks do, and a lot of cryptocurrencies. Yes, so crypto is just like fiat but without regulations or safe guards or insurance. It's very very hard to do though with Bitcoin. It's hard to manipulate the quantity of bitcoin --- not so hard to manipulate the price of bitcoin.

mateuszf 5y ago
> Yes, so crypto is just like fiat but without regulations or safe guards or insurance. That's why I'm not a fan of crypto in general, only of Bitcoin > It's hard to manipulate the quantity of bitcoin --- not so hard to manipulate the price of bitcoin. True, but I guess it's easy to do that with every small market. I'd imagine the bigger the market capitalization, number of participants the harder it would be to manipulate the price.
- jqpabc123 5y ago
  True, but I guess it's easy to do that with every small market. It's pretty easy when you can mint Tethers and keep the price pegged at $1 USD no matter how many you print and use them to buy/inflate the price of bitcoin.
  - mateuszf 5y ago
    Again, not issue with Bitcoin but other crypto. If you can "make" money, you can buy anything.
    - jqpabc123 5y ago
      If you can "make" money, you can buy anything. Yes and anyone can easily make money just like Bitcoin --- just clone it.
      - mateuszf 5y ago
        As easy as making Facebook clone. Good luck with getting people to use it.
        jqpabc123 5y ago
        PT Barnum --- *"There's a sucker born every minute."* How many Bitcoin clones and forks are being used in the crypto-market right now? Too many to easily keep inventory in your head.
        mateuszf 5y ago
        That's cool we agree on Bitcoin clones value. They don't matter.