Re:Bitcoin's fungibility graveyard
by matheusmoreira on Saturday February 05, 2022 @04:45PM
(#30226482)
> Do you control the inflation rate? Do you control how much currency is being minted?
Exchanges are essentially banks. They offer bitcoin loans, essentially creating new coins out of nowhere. Fixed money supply is utterly powerless before the inflationary power of debt.
Exchanges are essentially banks. They offer bitcoin loans, essentially creating new coins out of nowhere. Fixed money supply is utterly powerless before the inflationary power of debt.