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A comment on Coinbase Wants to Be Too Big to Fail. Parent comment

Re:Coinbase Wants to Be Too Big to Fail by avn2109 on Thursday September 27, 2018 @08:54PM (#18090176)
>> "...bad government policy cannot reduce the value of your Bitcoin by printing more of it."

The spirit of your comment is totally true, but I have a pendatic (though vitally important!) objection.

Governments in most countries don't create money and government policy in general neither controls nor influences money creation; instead, money is created by private companies (aka "banks") or a consortium of private companies (aka the owners of "central banks.")

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Re:Coinbase Wants to Be Too Big to Fail by sparkie on Thursday September 27, 2018 @09:04PM (#18090212)
You're right, but on paper at least, the government sets the rules by which the central bank operates. However, we all know that the governments have been bought and paid for by the banks for a long time now.
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