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A comment on Ask HN: Will banks inflate Bitcoin just like they inflate fiat money?.

Re:Ask HN: Will banks inflate Bitcoin just like they inflate... by josephcsible on Tuesday July 26, 2022 @01:49AM (#32234742)
Ask yourself why this hasn't happened to gold.
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Re:Ask HN: Will banks inflate Bitcoin just like they inflate... by JonathanBeuys on Tuesday July 26, 2022 @01:58AM (#32234806)
Look up "paper gold".

When you sum up the amount of gold people "own", it is a number 10x higher than the amount of gold in existence.

The reason it is 10x and not 100x or 1000x is that Gold is not used as money.

[ Parent | on HN ]