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by threepio 1658 days ago
Bitcoin: by limiting issuance to 21M we have made price manipulation of our currency impossible

Tether: hold my beer

1 comments

>Bitcoin: by limiting issuance to 21M we have made price manipulation of our currency impossible

At what point did people claim that "price manipulation of [bitcoin]" was "impossible"? I think you're mistaking "price manipulation" with "dilution" (eg. quantitative easing or debasing).

Dilution is still possible either by forking it (and having normal non-Austrians accept the new one) or by starting lending programs (since banks create money by lending it.)