Re:Bitcoin Is Acting Like Just Another Tech Stock
by orwin on Thursday May 12, 2022 @04:00AM
(#31350614)
That's no how money works, money is mostly created by demand (93 to 97% in developped countries with efficient banking system). And that money is easy to destroy too, you could destroy 93% of existing dollars by reimbursing the debt owned by household, companies and US government.
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Re:Bitcoin Is Acting Like Just Another Tech Stock
by datadata on Thursday May 12, 2022 @12:50PM
(#31356646)
How can you just ignore dozens of hyperinflation episodes? Clearly there are situations where supply becomes infinite.
Re:Bitcoin Is Acting Like Just Another Tech Stock
by orwin on Tuesday May 17, 2022 @05:55AM
(#31408159)
Sorry, i should have said: that's not how money works in modern economies.
I'm not ignoring hyperinflation, but clearly it has nothing to do with Zimbabwe or Venezuela. The only comparison could be the Weimar republic, as this disaster was caused too by production deficits (France invading the Ruhr valley+ loosing colonial income), but obviously similarities stop there.