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RE: BITCOIN: $13,800 & BEYOND?

in #bitcoin7 years ago

I have some crypto's and have a little skin in the game.

The question that is always in the back of my mind is this: Since crypto's are considered property then why is fiat which is worthless allowed to be used to purchase it?

It should only be purchased with property thus (Guns, gold, silver car's etc) In other worlds nothing is stopping the Federal Reverse from printing unlimited money and buying all the crypto's. The block chain would have the purchase in the ledger, but who is really paying attention.

I know paper money is the means for current day payment, but it's inflation filled and has no buying power thus useless.