Re:Warning Signs About Another Giant Bitcoin Exchange
by rlpb on Wednesday November 22, 2017 @03:17AM
(#15755186)
The banking system deliberately removed value from all holders of EUR, GBP and USD: https://en.wikipedia.org/wiki/Quantitative_easing
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Re:Warning Signs About Another Giant Bitcoin Exchange
by sanxiyn on Wednesday November 22, 2017 @03:43AM
(#15755315)
This is false. During QE, inflation rate was below target, so less value than normal was removed from EUR, GBP, USD, etc.
Re:Warning Signs About Another Giant Bitcoin Exchange
by rlpb on Wednesday November 22, 2017 @08:30AM
(#15756588)
You can't measure value like that during a recession. Whichever way you look at it, QE removed value from those currencies.
If I were to rob you, claiming that the overall robbery rate was lower that year, so you weren't robbed by others, so your expected losses were lower does not change the fact that I robbed you.