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With the exception that it's supply and exchange rate cannot be (easily) manipulated by governments, which removes a significant power that they currently exerc
by Osiris 13y ago
With the exception that it's supply and exchange rate cannot be (easily) manipulated by governments, which removes a significant power that they currently exercise over fiat currencies.
- aianus 13y agoThe exchange rate can be manipulated by governments just as easily as conventional currencies. The government (or central bank) just needs to engage in open-market transactions using its large reserves of fiat and/or bitcoin. For example, the Bank of Japan could lower the value of the yen against the bitcoin by purchasing large amounts of bitcoin using yen on the open market.