That’s just FOREX with extra steps?

If Russia controls the entire supply of Bitcoin (which is what you’re saying) then why would anyone with USD want to buy it? At that point, being owned by Russia entirely, it’s just a Russian currency.

The whole supposed attraction of Bitcoin is that it’s not a government currency, and the supply isn’t controlled by a central bank. Ethereum has additional uses to that, but that’s still one of the prime factors as well.

The government you’re talking about can print money at will.

Again, why?

The price goes up as you buy it.

You could attempt to corner the market, but in doing so, you’re also going to be massively enriching the current holders.

What point would taking the entire supply do - especially since you can easily just start another blockchain?

How is buying the asset fucking with the supply?

If you mean hoarding it, that’s pretty much all Bitcoin is good for.

That’s the point of crypto - unless you can alter 51% of the blockchain, you can’t.

Worked as an American consultant for the Dutch government in IT, can confirm this absolutely. It’s a case of finding private companies to funnel money to instead of actually creating capacity, all because of the incorrect illusion that the private sector is magically efficient.

My unofficial advice to my colleagues while leaving my posting was “stop hiring people like me. Spend the money on developing good internal devs”.