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

[giantrobot]

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.

[Payme21]

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

[d5000]

They have unlimited money to bribe them  

Perhaps (ignoring possibility of inflation), but keeping secret/truth in big group is extremely difficult.

Someone bound to reveal the secret/truth and government's reputation will be damaged which could cause domino effect.

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).

[RealMalatesta]

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.

[TimeBits]

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

It appears they do.



 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.

[TimeBits]

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

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!)

[TimeBits]

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.

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.

[Kakmakr]

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. 

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

[TimeBits]

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.  

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!

[Kakmakr]

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.  

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...>

[timerland]

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.

[aplistir]

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.

[Hiribi official]

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)

[sehoon]

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.

[deisik]

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

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?

I made a post like this yesterday, mods removed it with no notice again

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

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

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

[TimeBits]

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.

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.



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

[veleten]

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

[d5000]

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

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!)

I was referring to this post and your answer, and to ETFBitcoin's post. This is really the only option I see for your plan

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.

[Dildo Shwaggins]

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"

[TimeBits]

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