|
Title: Hero member agrees Bitcoin creates inflation Post by: freightjoe on November 24, 2017, 11:00:30 AM From a different thread:
In the modern day, most money is created by retail banks when they give out loans. This is confirmed by England's central bank (the Bank of England) in their statement on the topic here (http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf). Exactly. Retail banks "create" money out of thin air which causes inflation. And with Bitcoin, this is the identical same thing. Bitcoin forks and creates more money out of thin air. Alt coins are created generating money out of thin air. There is no difference between Bitcoin and the retail banks. |