Matty Roses

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Library Socialist

Hedges and Yanis - get ready for stagflation

https://lemmy.today/post/49524838

Hot pies, motherfucker

That’s just FOREX with extra steps?

If Russia controls the entire supply of Bitcoin (which is what you’re saying) then why would anyone with USD want to buy it? At that point, being owned by Russia entirely, it’s just a Russian currency.

The whole supposed attraction of Bitcoin is that it’s not a government currency, and the supply isn’t controlled by a central bank. Ethereum has additional uses to that, but that’s still one of the prime factors as well.

The government you’re talking about can print money at will.
Pastries made out of people?
Again, why?
wait, you mean like people made out of pastries, or . . . ?

Sure, there’s a large network advantage.

But here you’re talking about a hypothetical where, for some reason, a major government has bought up all blockchain tokens and won’t release them. So nobody’s on the original one anyways.