Controlling gold and Bitcoin and underwriting stonks and government debt.
Discussion
you think that anyone can control bitcoin after the clear history of the last 10 years of attempts to wrest control of it?
then supply is fixed, and if it is hyperbitcoinization then that means no more cozy relationship between money issuer and government
because which government is going to concede to the others to create a cartel big enough to alter the issuance regime?
and isn't that also going to mean bitcoiners abandon that governmentcoin fork?
The efforts were not about using off-chain transactions to manipulate the exchange price by removing information, like they did with gold.
that still depends on them having fiat as the primary money, which is not the case after it fails and enough adoption has led to people generally preferring bitcoin and lightning etc
their control depends on their ability to dictate the interest rate, which should be dictated by the actual market in credit, in a full reserve system
fractional reserve is a fraud, it is counterfeiting, it is a hidden tax, and eventually, like all scams, will become widely understood and any purveyor of it will be shunned and prosecuted
Yeah, fractional reserve is dead.