So this is why governments always get pissy when you try to print paper currency. Apparently doing so is highly profitable.
And they said cryptocurrency was meant to be a new way to grease the economy without the whim of a central bank. It was meant to enrich everybody. Now it seems like just a new way of running a pyramid scheme. Get in early, see the value rise from newcomers buying into the currency then cash out before the whole thing collapses.
How is having 2000% deflation a desirable property of a currency?
It’s going to be deeply, deeply satisfying watching these fuckers losing their shirts.