Replying to Avatar Lyn Alden

Fiat currencies are not currently valued based on a country’s bitcoin holdings.

Whether a country wants to print currency to buy bitcoin is mainly a question of how much they want to devalue their citizens’ cash savings and transfer that value to the state.
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Tim Bouma 1y ago

Not out of the realm of the possibility for an institution that is inherently conflicted and prone to moral hazard. Walter Bagehot knew that from the outset.

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