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RE: Could Stable-Coins Crash The Economy?
So what happens when they go mad with crypto and printing even more wild. They crash all crypto? Maybe it will take a long time for crypto to go through the same as fiat as they end up owning most of the crypto...
How could they crash crypto? If they buy it all up the price moons. If they sell it all they lost any position they had. They cannot do anything really.
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In OP related to printing more and more of it. But people will go away from those and stick with the ones that aren't crazy on inflation. They can't play the same game, as long as we don't let them, since we can back the ones that aren't being run is suspicious ways.
Either way, if they keep printing more fake teether or fiat and use it to buy crypto then they take us to the moon, if then they sell it they lose any position they previously had, crypto isn't dead when a 10000 btc's buy a pizza, it's only cheap. Either way, they cannot win so to speak. Who cares if they control upwards of 75% of the network, they have the most to lose if they use that power to double spend or otherwise compromise the network, because as you remark, people won't put up with it, they will go away, which is why the FED won't go crazy with crypto, because they will lose all network integrity while they make crypto moon, but if someone like teether does it, they might make BTC go to 20k and bring up all alts in it's wake but when the game is up it will give people a chance to reevaluate exactly who cares about network integrity and who was for purely profit and or fraud.
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If they sell it all, market will crash to dumpster
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If they sell it all then it means people bought it all. They cannot win.
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This is especially true considering steem. Over 2/3 coins are powered up. There are only a few million coins on the exchanges and the demand of those few million coins is what determines the price of all the rest.
Someone could pump billions of dollars into steem and theyd only be able to buy a few million coins at best.