If they print a boatload of Money to purchase Bitcoin, then doesn’t that corrupt Bitcoin?
I was asked this question by my mother the other day… check the thread for my answer.👇
Discussion
I’d say, No. I’d say that’s the game theory aspect to bitcoin.
It’s the most scarce thing on earth, so everyone needs to get as much of it as they can until it’s all bought up. There will be a time in the not so distant future where buying bitcoin like we do totally won’t be a thing anymore. You’ll have to work for it or trade for it if you don’t have any.
Bitcoin is simply a decentralized monetary software protocol.
Nostr is simply a decentralized social media software protocol.
These are built to run exactly as they should. Predictable and mathematically sound.
Humans built them, but cannot change them, due to the unique decentralized aspect of the system. That references to the bitcoiner phrase, “don’t trust, verify”. Meaning trust is obsolete when it comes to the bitcoin network. No need to trust a sole.
I would say it would be an extremely corrupt way for a country to acquire bitcoin. But at no point will a country have access to or control of bitcoin.
Right now many have done their best and spent billions trying to fight it. Bitcoin has been fighting a war against many many people and currencies, and winning over its short life with zero employees or marketing teams or lawyers or anything at all.