But it’s pumping to nothing if we’ve just diluted the money supply!

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adjusting to inflation is what commodity prices do when they ctrl-p

the bitcoin hodlers will be fine after the adjustment, it's the fiat hodlers who always suffer

isn't that the whole point of why you have to hodl your own bitcoin?

the temptation of rehypothecation and fractional reserve banking is inevitable for the money grubbing scumfucks who run exchanges and banks

as it is, already, we know that major crypto exchanges are faking their bitcoin hoard, but eventually enough demand for offramp happens - especially due to such things as money printing diluting people's cash assets, and a trend that will simply increase over time

while there is a big enough, hard core anti-fiat contingent maintaining the bitcoin hard issuance rules the best they can do aside from false claims of bitcoin holdings is try to fork it again and that has never worked in the entire history, for very long, a year or two in most cases and the shitcoin is effectively worthless, the founders have run off to some new ponzi...