Cryptos - to control inflation ? Part 2

Nobert

Nobert

Wrote recently :

https://www.elitetrader.com/et/threads/cryptos-one-of-the-tools-to-control-inflation.357280/

Nobert said:
Just a theory on why it would benefit the gov/FED.
(Would make sense on why the Russians/CCP & the rest of the bad boys are not so welcoming for it.)

Once it absorbs enough of these $ that were printed out of the clear sky, then, the gov could ban it.
(Say a market cap of ~$7T , a decade down the line)

At the meantime, they're not fools, most likely know for sure, or have a good idea on where from comes the major buyers, to own this ,,store of value"

Without buying, it could follow as this : a major sell off, yet of another 80%~ & afterwards a taxation on it, or a perma price tag. (Like $10k per coin)

The thing is - if* it is a threat to gov thus why do they look through fingers on it, while they could smash it with a finger, what's the catch for them in all of this ?
(A threat as long as it is - ,,anonymous", thus maybe it's not anonymous at all ?)

That's what im curious about, since dots doesn't connect/doesn't make sense.

Thoughts welcome.
More...



Couldn't connect the dots back then because didn't knew that -

noone actually knows who is the real founder.
(Was thinking that it was some young lad)


Eureca.

One buys coinies from goverment. Money goes back to the budget/FED/whatever.

Gov artifficially lowers the price (yes, lesser evil for greater good )

= currency evaporates.
 
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Yep 48k now. Definitely a store of value and a great inflation hedge, lol.

Nobert said:
Wrote recently :

https://www.elitetrader.com/et/threads/cryptos-one-of-the-tools-to-control-inflation.357280/





Couldn't connect the dots back then because didn't knew that -

noone actually knows who is the real founder.
(Was thinking that it was some young lad)


Eureca.

One buys coinies from goverment. Money goes back to the budget/FED/whatever.

Gov artifficially lowers the price (yes, lesser evil for greater good )

= currency evaporates.
More...
 
DiceAreCast said:
Yep 48k now. Definitely a store of value and a great inflation hedge, lol.
More...
No. Not for retailers to hedge (while they think that they're doing exactly that & store the ,,value" in it), in reality it's for FED(whomever) to - burn down those printed $$$.

From dust to dust.

A perfect trap.

That's the whole trick. To sell the idea that it is inflation hedge & store of value.
Lure in as much $$$ as they can. Make it crash/artificially destroy the price tag.

Tokens remain, while $$$'s gone. Then repeat once again.
And in the face of global enemies, playing dirty is an option.
 
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Nobert said:
No. Not for retailers to hedge (while they think that they're doing exactly that & store the ,,value" in it), in reality it's for FED(whomever) to - burn down those printed $$$.

From dust to dust.

A perfect trap.

That's the whole trick. To sell the idea that it is inflation hedge & store of value.
Lure in as much $$$ as they can. Make it crash/artificially destroy the price tag.

Tokens remain, while $$$'s gone. Then repeat once again.
And in the face of global enemies, playing dirty is an option.
More...

I actually recommend gold foil over tin foil. Protects from alien X-Rays, too
 
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