Bitcoin Forum

Hey, If they can print unlimited fiat, could they just not buy up all the bitcoin?

I made a post like this yesterday, mods removed it with no notice again.
Serious question, why do you feel the need to remove this post, it pertains to the bitcoin discussion, still none believers of freedom of speech?  ::)

I thought the point of bitcoin was because it was like a limited supply that you can`t just print out of thin air, but what is the point when a unlimited supply can buy it all up (at any price) which can be made out of thin air.

The FED is mind fucking all of you, stop falling for it, everyone can create the supply now, not just the rich elite, who are already fucking rich.

We can all make a supply of a coin at the same rate, via duration and using ourselves as a key/address. Then if we want to make more, we can enterprise and work.

Now for real stop with this shitcoin bitcoin (btw I don`t think it`s shit I am very thankful for bitcoin just doing it for the meme), it leads to death and already has.
https://www.youtube.com/watch?v=Y7TLFyK_3Pk

And everyone create the supply of the same coin, or make your own coin with a fixed supply of 1000 and I will make a supply of 1000 and we can trade so long as you can`t make another account (yourself as the key/address stops this).

https://www.marketoracle.co.uk/images/2009/June/GlobalCurrencyInCirculation.png

I think you are right It is a trick by the bankers

This topic is really deep.  It is right to say that if they can print a lot of US dollars then they can buy all the existing bitcoin but let us consider that the banking elites especially the federal reserves does not want to make things obvious. If a certain volume of US dollars will be spent on bitcoin, would it be very obvious and questionable. Since there KYC and AML regulations on big exchanges their efforts to buy all bitcoins would be questioned.

Another thing is that, not all bitcoin holders are selling their bitcoins in one go. They are selling high and buying low. Imagine if the banks will buy as much bitcoin as they want in the exchanges then the value of bitcoin will surely climb up. The problem is that the big holders of bitcoin will only sell a certain amount of bitcoin. Instead of the banks getting rich it will be the bitcoin holders that are getting rich. This means that the one who will be in control will no longer the banks but the whales.  The banks does not want that to happen.

In my opinion, the banks or whoever runs it have already bought a huge amount of bitcoin and other cryptocurrency at their disposal but they are unable to purchase all bitcoins being produced since it is not possible for them.

what you are missing is that the money that is being printed eventually enters the circulation no matter where it goes first. so in your crazy imaginary scenario if they start printing more money to buy up all the bitcoins then that money enters the circulation and cripples the economy of the country just like that. and all it would take is probably less than a year!

I think that some bankers are buying blocks of Bitcoin as a store of value, but they won't be able to buy all of it. Just like gold, I think some are buying mining companies as well. They will never be able to buy all of the Bitcoin, as many people will be interesting in saving it as a store of value.

There are enough users who'll never want to go back to fiat and if it becomes clear that the plan is to start pumping out new notes then more people will wake up and buy BTC with the intention of never letting go of it.

If there was ever a sniff of it being some type of official policy you'd get sellers going on strike and holding out for gravity defying prices.

It's the type of policy that would work for the first 10% of the plan and then blow up catastrophically very soon after.

Good topic.
In my opinion the government CAN'T buy all BTC. First off, it is practically impossible to buy them all, some people are storing them in cold wallets, some have even forgotten logins and others just won't agree to sell them. Further more there are a lot of miners, they are being rewarded BTC after each mined block. It simply would be too difficult, time consuming and expensive to invest into such project. Moreover, other crypto currency would simply take Bitcoin's place because crypto currency's price is made of how much people are willing to pay for it and they want decentralised currency with no one controlling it.

In fairness to fiat currency, central banks do not just print bills or mint coins out of thin air. It has a basis. Otherwise, countries could just go on printing more and more money without value. Fiat currency is produced according to the value of the country's domestic product. There is a strict percentage of the country's GDP that could be the basis for printing bills and minting coins. Therefore, a country can only make enough money according to their products and services.

And why would a country buy up all the Bitcoin? That is literally a suicide!

o yah, show me the books, because I can show you the books of them just creating the shit out of thin air. They can also just exchange it for another country`s currency first at any commercial bank.

Imaginary scenario?


https://wolfstreet.com/wp-content/uploads/2019/01/US-Fed-currency-in-circulation-2019-01.png

http://bmg-group.com/wp-content/uploads/2018/10/cpi-purchasing-power-2018.10.03.jpg

In other words guys, if you are here to argue they can`t, you are a fucking dumb ass.

Yah you are right, they won`t get mine, ever.
But they can get all of the supply that people sell for fiat, for free and buy all the miners and control the entire fucking network and most of the supply.

psst you are still $laves.

watch the video at the top, we can stop this $hit.

I believe USA holds more bitcoin than Bulgaria in secret, and controls most of the mining ops in China.

Yes they easily can and probably have already started doing that.  Since the printed money is only in their hands at first it doesn't really lose any purchasing power.  Most transactions for goods and services are still done in dollars so bitcoiners are forced to cash out if they want to purchase things.

They can't print unlimited fiat because if they do hat will end in a devaluation. While more fiat you print the price of it gets lowers, at least that's how fiat works. -you can see the scenario of some American countries where they already had to make a devaluation because their coin lost all his value. And i'm almost sure the next one will be Colombia where $1 dollar = $3463.56 pesos

And the second issue about this is: Not all the bitcoins are on sale, just think about it  ;)

Yes  the Fed, Central Banks, Banks and superrich can and will do that. So apparently undermining Bitcoinis purpose as a real reliable money for everyone, as it is no longer available to normal people. But Bitcoin could still work if workers insist on being paid in Bitcoin, instead of 'printed' Fiat.
 
Central Banks, Banks and Super-rich would buy and 'hoard' Bitcoin and so apparently nothing has changed in terms of wealth distribution.  But over time they would have to release their BTC  to pay worker / soldiers etc  for real work that needs doing. So for the first time since Gold / Silver was the main currency,  workers / soldiers / etc  would receive pay in something with real value.

What is likely to blow this scenario is this if the Central banks issue their own centralised blockchain cyrpto, where they control the math in which they can create as much as they want. They force Jane+Joe Public to switch their Fiat to ther new Digital Fiat, with marketing its great, for you, bla bla bla. Then they ban old USD and Bitcoin as legal tender.  Like the Gold confiscation in the 1930's (https://en.wikipedia.org/wiki/Gold_Reserve_Act).

To see which way it goes will depend on work starting to get paid in BTC. Apparently the millennials bought up in the internet age could drive that by insisting to be paid in BTC. But they could equally be brainwashed into a new Centralised Central bank Digital Fiat currency.

they would do that to kill Bitcoin by monopolising it and snuffling it out. Then they use their currency, existing Fiat or new weak Centralised cypto, to keep control of the means in which work is paid for.  This preserves the wealth of historic cumulative property (Intellectual Property, Company shares, Govt expense flows for defence, Buildings,etc) owners as the Property owners pay for the work in low value currency. See other posts on Money supply.

If workers are paid in BTC, it spreads the wealth around as workers will receive pay in something understandable (21m) real value.

the argument is not about what they can or can't do. it is about the cost of doing that. yes, they can also shut down the internet entirely and even cut the electricity to every home but it would cost a lot, and not just money cost!
same with printing money, the main damage is on the economy of that country but it won't stop there.

No they can't. The moment they start doing this, it will rise the price of Bitcoin, but mostly because their fiat goes down the drain. Look at my country, 6 years of infinite "printing", and its now one of the poorest in the world thanks to that policy.

IT DOES NOT WORK.

You propose as "solution" to do the same, but you cannot be more wrong. The solution is actually what Bitcoin already is, a finite supply. Or why do you think no single entity owns the entire world's gold reserve?

Some people with naive socialist thinking, believe the market can be easily manipulated in this fashion, yet they always find the hard way that no, it doesn't. Their problem is they see the market as "unfair" and believe their direct manipulation can "correct" this "unfairness". In reality, any type of State intervention produces an even worse unfairness. The State is simply another big entity trying to manipulate things, but failing to do so. Implement policies, prosecute people, they can't stop it. Market will rebuild itself and reroute around any obstacles, just like Bitcoin does in countries where its "banned".

All of human history is filled with markets, and people foolishly (monarchs and other autocrats) trying to control them, resulting in utter failure always.

You see, the moment new fiat appears out of nowhere, the price of the thing you intend to buy has already changed.

Furthermore thanks to the infamous 51% attack, the goal isn't even to buy all bitcoin but 51% of it, and yet no entity has managed to do so, and never will.

At least, they can't buy the 'shalecoins', coins with no owner. https://bitcointalk.org/index.php?topic=5134441.0
The only way to get them is to 'frack' their private keys.
That is the most challenging thing. https://bitcointalk.org/index.php?topic=5166180.0

WTF, the government does NOT print the money. The Federal Reserve is no more Federal than Federal Express. It's a privately owned bank and what makes you think these criminals have to keep a balance? The Federal Reserve has NEVER been audited!

You didn't understand what Red-Apple wrote. Please re-read ;D

Obviously it "is" possible for a Central Bank/FED to buy up all Bitcoins, "in theory" (at least if it's a big central bank with a lot of confidence). But every Bitcoin that was bought by a Central Bank would have also a seller which would get paid out the fiat. This fiat money enters circulation afterwards.

If a Central Bank bought all Bitcoins, then the price would rise to extreme heights even without considering the effect of an increased fiat supply. That means that they also would need to print a lot of money to buy all the BTC. Now the fiat that all Bitcoin sellers got would flow into the market. It is likely that even faucet users would be "rich" in terms of today, in this case. What would happen? Very likely, it would lead to a sharp increase in inflation, as it often happens when the supply is increasing drastically.

Even worse: If the Central Bank is too slow buying the Bitcoins, the value of their money (e.g. USD) would be affected by this effect. The USD price versus the Euro, Yuan and other currencies would go down, and the Bitcoin price would rise even further. So they would have to print even more money.

In other words: It's so insane that no Central Bank would even think about that measure if they're minimally interested in the well-being of their citizens. If not (like in Venezuela, e.g.) then it could be possible, but in this case it would be very difficult to find sellers that sell their "hard BTC" to the insanely printed fiat currency.

this is the latest forum troll you're shouting at

don't feed the trolls, it does not work :D

I see we have one person with a brain, all the rest be like "It will devalue their currency"  SURE IT WOULD IF IT WAS ON THE FUCKING BOOKS THAT DON`T EVEN EXIST FOR THE FED

If I am Mr Banker Man Sam, I print $1000 out, the rest of the world does not know about it, how the fuck does that make the price go down?, the rest of you are still trading $1 for 3 apples, I JUST HAVE $1000 NOW TO BUY A BUNCH OF FUCKING APPLES FOR FREE, god these comments are so god damn delusional.

HEY TAKE YOUR HEADS OUT OF YOUR ASS, DUMB FUCKS, YOUR KIDS ARE $LAVES BECAUSE OF HOW FUCKING DUMB YOU ARE.

keep shilling buddy, I am here to fix the system, not embrace slavery like you. You will thank me when we all run on a fairly distributed duration system, so will your kids. I don`t know how you get troll out of this, all I see is truth, but your clearly are blind as fuck, the greed does that to you. Next you will lose your hair, greed does that to.

The truth is if I have a unlimited supply, that you value at any rate, I get your limited supply for free, ALL OF IT. IT IS WHY SATOSHI HAS NOT MOVED 1 FUCKING COIN YET. THEY HAVE COMMON SENSE! NOT TO TRADE THEIR COMMON SENSE FOR COMMON CENTS AKA $LAVERY.

Government have an protocol systematic regulation printing paper money.





This is exactly what I mean mate, and if the governments  print a lot of fiat for the purpose is to buy all bitcoin i think is that stupid way for goernment if the goernment hate or against bitcoin they have apwer to banned bitcoin no need to print a lit of money to buy all bitcoin to stop it circulating.

Oh yah, show me the FED`s Bookkeeping, show me the audits.

link please, and I will show you, they just create the shit out of thin air, because in order for any fiat to exist, one has to just print the shit. (not even just print it, just type it into a computer nowadays) They don`t even have the cost of paper anymore.

Central banks trying to buy up Bitcoin is extremely bullish because that's pretty much them admitting that Bitcoin has more value than their fiat currencies they want to get rid of. It points out that Bitcoin actually works.

Aside from a few greedy fiat suckers, not many will end up selling their coins for fiat, but start spending and accepting Bitcoin more because it's working better as money. It's like the end of fiat since it solely relies on believe.

Venezuela and some African countries may not understand how they are destroying their monetary policy, but the US for example isn't that stupid. They won't shoot themselves in the foot.

Yah but what is the point, when we all have to work for our bitcoin, and they get the bitcoin for free?

If fiat did not exist, bitcoin would be pretty good, but still problems in the future at the end of mining with it. Limited supplies become more limited, to the point where stealing/killing is more rewarding than working. In the video I show you what happens, That is the real ending simulation of bitcoin and gold.

We limit the supply of bitcoin, but we do not limit the number of people coming into the system.

Imagine this, you have 10 people at a party and a 10 slice of pizza.
Now 100 more people show up
Now 1000

NO 1 ORDERED MORE PIZZA, EVERYONE IS HUNGRY. WHAT DO YOU THINK HAPPENS?

You going to work for 1 pepperoni, or just kill the guy and take his slice?

inb4 "but bitcoin is divisible"  

NOT INFINITELY MORONS AND IT WILL NEVER BE STABLE, BECAUSE NOW EVERY WILL KEEP GOING UP IN PRICE

FED regulates tge printing of money to promote noninflationary growth.

There's this principle in economics that says they can't print too much money. It happened before un Germany when they print too much money, it just causes inflation.
Once they print more money, it will be part of the circulation.

"FED regulates tge printing of money to promote noninflationary growth"

come on dood, that is a oxymoron statement.

Oh look someone with common sense, that is not a banker shill like half of you.

Yeah you are right, The vendors/workers all need to say fuck you to fiat in order for bitcoin to be what it is suppose to be in the first sentence of the whitepaper.
( truth is the general public still has no clue there money is backed by fuck all ) but if you look at some numbers on youtube and comments on big bankers deaths, MANY ARE WAKING UP AND ARE PISSED!

But mark my words, If we give up fiat instead of wars with country`s there will be mass murders/robbery`s.

Now if you watch the video I linked, We have a supply that is limited and unlimited and can be traded for bitcoin, we also work for it already (duration), We all earn a hour every hour, we all die and stop making supply.

limited + unlimited = supply we have never tried in history of humanity. I think this can work.

Do you all want to make the supply equally? or work for another man`s? $laves
I would rather we all make the supply, than a select few, I actually refuse to farm this year because I am not giving up my work anymore for some bull$hit.

Some government`s do, not the Americans, which is suppose to be the world reserve dollar and be backed by gold, before Nixon made the entire world $laves to the FED.

HANG EVERYONE THAT MAKES FIAT TODAY, THEY ARE EN$LAVING YOU AND YOUR FAMILY AND FRIENDS AND YOUR FUTURE OFFSPRING

BTW GUYS, WHO GOT VOTED IN AFTER THEY KILLED JFK.

RICHARD "I`M NOT A CROOK" NIXON

But where does this "invisible" fiat go? If you buy, someone must sell, but would you sell your BTC to someone who orders you to keep the deal secret and to not spend the fiat you got for a long time? That would be the only way it would work, but then everything must be managed OTC, and with ALL Bitcoin owners. You would also have to manage somehow to "drown" all exchanges. While perhaps the deal with the exchanges of your country would work somehow, but things get complicated once you'll try to buy up all Bitcoins on exchanges of other countries.

I think I get it, you seem to like to parody these "bankers are EEEVIL" guys ;D (So Carlton Banks is basically right, but you're too funny.)

Edit: I figured out how actually they _could_ purchase all Bitcoins (or at least many of them):
- They purchase all Bitcoin exchanges in the world.
- With fake orders, they drive the price so high that all Bitcoin hodlers are tempted to sell.
- They perform an exit scam with all exchanges at once, so the sellers can't bring back the fiat into circulation.

Possible. But sounds a bit crazy, not? They would have to bribe lots of judges for that.

They have unlimited money to bribe them  ::)

I honestly think it should all be run buy a escrow computer, no one can die than, and the computer will be run by everyone.

Because as somebody else pointed, that fiat enters circulation. You think my garbage gov is keeping books or showing them to anybody else? No. Did the VES kept at its value? I think it has lost 99% value in the last 11 months, and its not even one year old. Its already 1.5:1 against satoshi, you need 1 and a half bolivars to buy 1 satoshi. This coin last year when it started, was able to buy 700 000 satoshis with that same bolivar, so from 1:700000 to 1.5:1 in 11 months...

Those running the GOV, have the exact same thinking as you, that they could "somehow" remain unnoticed and stretch the budget endlessly. but NO, they can't. That extra fiat enters circulation and things rise in price, faster than they can imprison anyone rising the prices. Have you read this book? You should: [utl=https://mises.org/library/forty-centuries-wage-and-price-controls-how-not-fight-inflation]
Forty Centuries of Wage and Price Controls: How Not to Fight Inflation[/url] (its free). You will find there that, your idea isn't new, to say the least...

You have not lived it, that is why you still think its theoretically possible. IT ISN'T. If they don't print the money they can't buy it, if they print it, inflation starts the moment they use it. There is no way to cover it. The USD is a bit exceptional because most countries in the world compare against it, so what do Americans compare against? Gold? €? But even them can't go beyond certain point. USD is not invincible, print too many and it will do the same...

Besides, even if they magically bought all the existing bitcoin, what about the coins in your and my possession? The price would soar so high for those that they would need to spend all the money they just spent just attempting to buy the available ones. And some will always remain beyond their reach. But of course they would aim for 51% to pull that other trick.

YES they can..and are!

I know, so what is the point of bitcoin being a limited supply  ::)

To all make us think bitcoin is the answer when really it is not? although I 100% agree blockchain or advanced cryptography is the answer.

Is it here to buy them another 20 years while the finish the bunkers and assault the public drones. So the "chosen people" can kill everyone else and enslave them some more?

It could be true if the world bank will become fraudulent to the people. But a certain country cannot do it because there is a world bank that regulates the currencies specially dollars. Imagine, USD is used not only in America but in other parts of the world. If they will print many us dollar bills just to exchange in bitcoin. Assume that the value of dollar will be affected. And it will become disaster once it goes weak. So, definitely government will never make a foolish move that will destroy the economy of a country.

So, isn't that the reason why Bitcoin is valuable?  I mean it is limited so that makes bitcoin more valuable. When they print fiat money to buy entire Bitcoin, in that case Bitcoin`s value will increase massively while fiat money is starting to depreciate massively. And likelihood of going recession will increase in a big way. As a result, In the end if this story becomes real, then situation would be worsen for them.

They did in 1971, the turned all the worlds real backed money (GOLD) into something backed by nothing some monopoly magical money, that they print unlimited of, So they can en$lave everyone for free, not matter if you are a doctor, farmer, nurse, burger flipper, teacher, fireman, policeman, military man  you give your limited time and work for a unlimited supply backed by nothing, delusional.

Listen to Nixon, the non crook about the stabilize part, it makes it unstable and there is data to prove the purchasing power has went down significantly since this action.
https://www.youtube.com/watch?v=7_Xw5tWsOQo

How was nothing done in 1971? WTF? you realize we are all slaves now right? even the politicians.

seriously like wtf guys? what are we doing? this is not a good system.

You may have misunderstood the value of money. We can print unlimited flat, however this will cause the currency to depreciate, this is also called inflation. Because money is something of a conversion value, it means that flat represents the value of the goods you can trade. There are many countries suffering from inflation, so countries like the US and China will not do this.

A few rules applies to printing fiat as you can't just wake up one morning even if you're the boss in the money printing or minting office. You can't print even if you wanted except you meet the required conditions

His theory, in reality, would only work if all major governments would cooperate (in the case the central bank in question is the FED).

Inside the "14 Eye" region it would perhaps work. But there is a major player in the Bitcoin arena which I doubt would cooperate with the US in that game: China. And while there are not many Crypto exchanges left with a "legal company seat" in mainland China, afaik some big "offshore" exchanges operate from there. I don't think it would be easy to drown these exchanges with some kind of "deal".

Ah ok, there is a way: actually _hacking_ all exchanges outside of the US ;). (But all hacks would have to happen roughly at the same time).

Yes, we have some very rich elites that can even buy the total supply of bitcoin in the market without even having to print fiat but how would they do that? Satoshi alone has 1 million bitcoin stocks non touched, how would they get him to sell it? The coin you have stored personally for yourself, how would they get you to sell it?

It is already too late to do that, there is no way that government can have access to all the 21 million bitcoin supplies in the market, in which over 17 million of it has already been bought, the highest they can get to buy from that 17 million is like 3 million because I am sure that those holders too are not too weak to sell off their holding to them. So, if you consider Fed printing fiat to buy off bitcoin, it is impossible, it will on get them into trouble because they will enter unnecessary debt.

It appears they do.

https://wolfstreet.com/wp-content/uploads/2019/01/US-Fed-currency-in-circulation-2019-01.png

 required conditions, requires you to give all the people the same amount, for now I am a farmer at a market, I have to work to create my supply, you don`t. Fuck off, you are not getting any more of my fruit with your fiat $lavey $cam bullshit.

Governments don`t need to work together

 STEP 1) FED prints more money (like they do daily)
 STEP 2) FED BUYS ALL THE SUPPLY OF BITCOIN (and my fucking peaches and cherries that I back with my time, lifespan and work FOR FREE!)

They can buy asics brother and take over the network, and not listen to satoshi`s command to always use the longest chain and freeze the old chain  ::)
most people don`t even listen to the first sentence of the white paper they 3x oxymoron literally just the first sentence of the white paper.

OK, let me simplify this for you. If the government wants to stop Bitcoin by buying all the coins, then they would fail miserably. Let's assume they bought all the bitcoins in circulation, then a lot of people would own a lot of fiat currency right. ;) 

What stops us to jump to another Alt coin and just continue this again? What stops us from creating another Alt coin that are very similar to Bitcoin and then using all that fiat currency to just buy the next popular coin.

They can keep on printing toilet paper money and devaluating their Dollar or Peso by buying all the coins and then when they want to sell those coins, nobody would want to buy it, because we moved over to the next coin.  ;D

How long would that government stay in power, when the voters see what they are doing with their tax money?

It is not about them wanting to stop bitcoin (although they can if they buy asics), it is about them being able to get bitcoin for free like they do my cherries,peaches, time, lifespan and broken spine for feeding them for free my entire life.

You can keep in mind they can sell at a loss, it does not matter to them ^_^

Trump Golf Count: 202*
Cost to Taxpayer: About $107,000,000**

I don`t know but I know there would be no non willing homeless anywhere in America if I had 107 million.

btw, 300 billion has gone to Israel for relief aid *50 of the highest tech fighter drones and nukes*, 2 billion has gone to the rest of the world.
Btw, no 1 audits the fed, show me the fed audits, how do the general public know where the money is being created, and how much of it? you know this is why bitcoin exist right?
Do we get public access to the data base of codes on the money? does the fed have a public ledger? NO!

What would the benefit be to them? If they bought all the bitcoins in circulation and nobody else can get their hands on it, then the price would simply stagnate and the merchants would stop accepting it as a payment option. <That to me is sabotaging the experiment> So, what is the natural consequence then....people will start buying other Alt coins and merchants will start accepting other coins for payment.

The coins the government owns will drastically go down in value, because you cannot buy anything with it and the other Alt coin would be more desirable and people will start using that instead.  ::)

As said before, once tax payers gets wind of this, they will change their vote, because they want governments to use their tax money for things that are more important. <Building infrastructure / Policing / Funding the military etc...>

Said Germany before going through hyperinflation...

There is one big problem with printing more money to invest or buy more cryptocurrencies, or for that matter, doing anything with it - and it's inflation, which is when you print more money, the value of your money is even worthless and you can't just "print infinite money" that way.

The countries currency will instantly plummet and they will lose money before they will be able to get the money into exchanges to buy any cryptocurrencies.

They have already printed enough money to buy all big companies of the whole world.

That would be an interesting "investment".

It is a wonder that the value of dollar has not crashed yet.

Actually all printed money must be backed up with goods or services that confirm their solvency.
You can't just print money and say this paper will worth 100 USD...It's from economical theory)

But as we know in 2008 USA showed the world how to abuse it)))

The best feature of crypto is decentralization and it rate volatility shows us how money have to work!
It is a future of money i believe. With and without control the same time)

Printing unlimited fiat is impossible since if that happens, fiat is not going to have any value anymore which can be related to cryptocurrency and cryptocurrencies are also going to lose their value.

This assumes "they" are in fact interested in Bitcoin

In bringing it down, or taking it under control, or whatever. But even if they could buy up all bitcoins (which they simply can't), it would make no sense as many more "Bitcoins" would quickly spring up like mushrooms after the rain. Bloody hell, we already have so many coins flooding the market even without anyone actually going to buy up just a single one of them. So seriously, why should they care?


They were right as this question was asked more times than it has been replied in this thread


Whether they abused their monopoly of printing money or in fact saved the economy from imminent collapse depends largely on how you see it

impossible? my dood they been doing it since 1971 (And shadow doing before then) That is why they had to take the gold off the dollar LOL! because they $cammed the people so much but guess what now they can unlimited $cam us.

They literally do it everyday.

https://www.marketoracle.co.uk/images/2009/June/GlobalCurrencyInCirculation.png

tell me my friend, what is the supply cap of any fiat? THERE IS NONE! that = PRINTING UNLIMITED

you think they don't? pretty sure some of the funds are doing this , the ones that are  "not connected to the Central bank"
the main problem though is not printing money , they can do it all day every day  , but to keep the debt at least somewhat reasonable
one day there will be no selling resources for printed paper and countries will start to oust dollar from international banking operations
and the process has started already , look at China striking a deal with Russia to sell things only for national currencies , same goes for India and Russia
the US' 20+ trillions of debt and counting , even if they bought all of the bitcoins, it is going to be negligible , a drop in the ocean   in the grand scheme of things
but the purpose is not to store the value , but to have a speculative instrument to burn extra dollars by exchanges and price manipulation

I was referring to this post (https://bitcointalk.org/index.php?topic=5172784.msg52090588#msg52090588) and your answer (https://bitcointalk.org/index.php?topic=5172784.msg52092961#msg52092961), and to ETFBitcoin's post. This is really the only option I see for your plan ;D

You still fail to explain me what happens with the fiat that the Bitcoin sellers which sold their money to the FED/central bank get. Only if the central bank buys all exchanges at once (!) and then retire them from the market (exit scam) the same day (!!) even those outside of its jurisdiction (!!!) then the sellers could not bring the money back into circulation. And they must bribe all judges in all jurisdictions where there are crypto exchanges which were bought with central bank money and didn't return their money to the owners (which will initiate legal action), or alternatively kill everybody who complains about not getting his/her money back from the exchanges (=all Bitcoin holders).

Otherwise, simply the money returns into circulation, and then you get high inflation, probably hyper-inflation, like many others wrote already.

Fed printed trillions and boosted the failing 2008 stock market. They started a new bull run as all of that money went mostly into stocks in form of bailouts, incentives, subsitizing and tax cuts.
US companies started rolling again, hiring and increasing wages so Americans can afford to buy the products they were making.

I don't see any economist thinking that this dream gdp growth was organic and that stock market isn't a bubble.
120% Debt/Gdp and 22 trillion USD Debt is a lot to sustain. I can't see how a collapse isn't around the corner.

Bitcoin rose because of this. Don't ever forget which newspaper title Satoshi used in the genesis block.

"Chancellor on brink of second bailout for banks"

Prepare yourself, buy land, where you can grow fruit, buy guns, than buy bitcoin and gold.

RonPaulLibertyReport
Central Planning Always Fails: The Fed Will Self-Destruct
https://www.youtube.com/watch?v=xG9qeEvCwjA

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FAITH HAS BEEN LOST IN THE SYSTEM, THE WELL EDUCATED ALREADY KNOW IT, NEXT WILL BE THE $LAVE CLASS TO FIGURE IT OUT.
THEN R.I.P FED AND EVERYONE MAKING FIAT

Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value. It was introduced as an alternative to commoditymoney and representative money. Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Printing more money will simply spread the value of the existing goods and services around a larger number of dollars. This is called inflation.

its impossible to create unlimited fiat, you have to spend millions or billions for creating an enormous amount of fiat, if creating a money is free, then the government doesn't need to loan from other countries a money, or they don't need to collect taxes from the people.

I guess when you print a lot of money, value decreases. Please can you clarify how will they be able to buy all the bitcoin? At first remember how much bitcoins satoshi owns, consider that those bitcoins won't be sold.
Also consider the fact that despite the demand and any available money, there is not always supply.
With that logic, USA will be able to buy one small country with even their budget, that's not right thinking man.

When they print money and buy bitcoins, this doesn't mean that they will buy at low rate. They will drive the price up and the cost will be very high. In contrary, unlimited printed money will have its own consequences as we are having currently. Let's say that if they buy lots of bitcoins, what will they do with it? You buy a thing to sell higher but if you have the most and the price is too high, you may not find yourself a buyer which results with the instant dump surely. If we realize that all the bitcoins belong to big companies, we can create another coin alternative to bitcoin and let the bitcoins to them. They can do whatever they want with them :)

You can't buy it all if it isn't all available...

It's the logic of supply and demand. Increase the number of printed fiats and you end up crashing its price until it's worthless since there would be too much in the circulation. Limited supply of fiat makes the demand to it rise and thus, makes one unit of it worth something to others. If unlimited fiat is printed, it would just make that currency worthless to people, which in turn means you still can't buy all of the bitcoin. They could do it but your main goal would not be attainable.

Take gold as an example. If someone wants to buy all the gold, then the seller will raise the price until the seller runs out of money, or, in our case, until the gold put up for sale runs out.
Similarly, you can not buy bitcoin that has not been put up for sale.

This money that is been printed is not gifted to one man or a single organization to use for whatever they like to. The money is suppose to be plugged into the economy for daily business, One person can't just wake up and use the money not available to him to try and buy up bitcoin, if it was possible, the price of bitcoin will just rise beyond every imagination. Although the world economy Mafias do share printed money that are meant for bailout during a troubled economy like we saw in Greece.

Nice question, I have a question on that, if a government can issue and print more money why there is a poor country?
Why they can't print more until they manage to have enough bills to give to their people and paid their debt to other countries or world bank?
Is there an international law that you can only be print in a year?

For those countries who don't like bitcoin to be more successful and be gone, why they have an alliance for this and buy all the Bitcoin and leave it in one wallet or burn?

Simply printing money may seem like the solution to most economic problems to those who do not understand how a country's economy actually works. Obviously a country's central bank has the ability to print money but it this form of quantitative easing has huge impacts on the economy, devaluing the currency and increasing inflation due to the increased supply of notes. If a country did decide on printing money it would most likely only occur when they are trying to reach their inflation targets.

In OP's given scenario, after printing the amount of money required to purchase all of the bitcoin in supply, inflation within the given country would be so high their currency would be worth nothing and the economy would be fully crippled, meaning that there would be no chance for them to buy their desired amount of bitcoin.

The answer is no, they cannot just buy all the Bitcoins in existence because there are some people out there who don't hold the bitcoin just because of the profits it would fetch them, they believe that bitcoin is the future of money and they want to hold as much of it as possible when bitcoin takes it's rightful place at the top of the currency foodchain, these people wouldn't sell their Bitcoin at all, not to mention the economic disaster it would cause in any country that tries such am underhanded tactics.

They can but they won't. There's a consequence of printing unlimited cash and they wouldn't risk the economy of a country just to buy and hold bitcoin. That's nonsense. They can't depend on bitcoin because of its volatility. If they will do that, if feels like they're putting the while country in a risk.
The government can't print too much money, becaude they have to balance the circulation. If they can, why haven't they do it before to pay all their debt? It's because it'll only cause a major problem.

Why don’t you think that about countries that have debts? Couldn’t they just print unlimited money so they pay it all off? Or are there repercussions  in doing so? What would the repercussions be by printing a lot of money? Maybe you can look it up in the google first? Maybe that’s the reason the mod had deleted your previous post?

Sometimes asking the right questions solves everything. Also answers might be at the tip of your fingers.

I believe before the federal reserves print  more money the equal destroy that much!!! Or so they say. How many people can take hundreds of thousands of dollars and destroy it.  I am sure some of it gets pocked everyday. But I am sure as far as the government goes I am sure they have began purchasing bitcoin. Lets face it the US dollar is crashing more everyday. Bitcoin has only began to be used!

If you made that post in this section, there's a higher probability that someone reported it if it was even in the least bit spammy, and I'm not saying that it actually was.  Bitcoin discussion has a very high proportion of crap posts in it, and a lot of members have been reporting them.

But as to the topic...of course 'they' could buy up all the bitcoin with unlimited fiat that they print at will.  This is the U.S. gov't I assume you're talking about, but it could very well be any gov't.  Why would they, tho?  Who would make that decision?  The U.S. gov't is at least nominally accountable to the voters, and those voters would have a hell of a hard time understanding why their elected leaders used taxpayer money to buy up all the bitcoin in existence.  Even tho it wouldn't amount to a huge amount of money in the grand scheme of things, there would be an outcry that taxpayer money was squandered on something so unnecessary.  Especially if bitcoin dropped dramatically afterward.

Thus there is no threat whatsoever that this is going to happen.  Even if any gov't thinks bitcoin is a threat to their economy, none of them are going to go on a bitcoin buying spree anytime soon.