Replying to Avatar BoomTown

Depends on the volume. Probably not.

2M+ bitcoin at coinbase … fluctuating their float by 100 bps to manage market volatility is very meaningful.
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Logen 10mo ago

I’m not talking about exchanges.

I’m talking about Bitcoin to Bitcoin, electronic peer to peer cash. 1 BTC=1 BTC

If you were standing on dry ground, and you saw the water level rising, or water level dropping, would you say the land was going up and down?

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BoomTown 10mo ago

1 BTC =/= 1 BTC if Coinbase, et al are creating a fluctuating paper supply.