Topic: The Continuous Printing of Money - page 5. (Read 1252 times)

And that is also copied by some of the ICO tokens.
Got 10M tokens and then suddenly they needed more so they will adjust it like forking their own token. Voila! You got yourself billions of token without any value.
Then suddenly they lose supporters because of what they did.

Fiat have been around for quite some time, it needs changes. Something where they cannot create another anymore. This is also to keep the country from being sold into the world bank. 
Something like bitcoin is a good option.

No and this is the reason why they keep printing.     Its a tactic favoured by non democratic countries especially because when the money is doubled in amount to create 'new wealth'  the prices do not react immediately.   Its like insider dealing on shares, its very attractive to trade a price operating on old data rather then what you are aware of.

Because of this lag in price changes and how government as the primary and sole source of new money, it always has an advantage over the people and users of its currency.  

One of the difficulties with real investment or any type of spending is to know whether today is the best price or will the best price come with a better harvest or a new flow of oil or whatever resource you are buying, each has their own market and dynamics that can make prices higher or lower.
Printing the money gives certainty to those in possession of this new quantity, they have made everything cheaper for themselves but they must spend it as quickly as possible to beat the wave of price rises.     Ultimately what they have done is destroy the system of business and exchange within that country, most countries will try to exclude alternatives and outlaw the idea of freedom, competition and capitalism.   

I think all of us have to respect freedom is part of what helps to create wealth.    When laws appear to outlaw personal and private non violent actions I know society is growing poorer even if some believe they are in a better position now, populism is behind alot of what starts these policies I think and we forget the freedom because it appears to be a profit at the start.    It takes more then one person to destroy a country

this type of things will definitely end with the difficulties for the country's the cost if they continuously put the money to be printed again and again then their economic situation will really going to be down and down again so it makes the country to be in low valuable situation that's why the printing money is really need to be controlled.

When a whole country tries to get richer by printing more money, it rarely works. Because if everyone has more money, prices go up instead. And people find they need more and more money to buy the same amount of goods.
This happened recently in Zimbabwe, in Africa, and in Venezuela, in South America, when these countries printed more money to try to make their economies grow.  When Zimbabwe was hit by hyperinflation, in 2008, prices rose as much as 231,000,000% in a single year. Imagine, a sweet which cost one Zimbabwe dollar before the inflation would have cost 231m Zimbabwean dollars a year later.

Governments know very well what they are doing when they are just printing more money and that's creating more inflation until everything will blow up. I think they do this because they are out of options and don't know what to do anymore so they are just delaying the inevitable. That's what happens when people choose shitty people to control their government

Inflation is indeed very tempting. When the country has to pay the debt or someone decided to increase popularity by giving people something a country cannot really afford, it is easy to print more money, conceal the traces as good as possible and enjoy a temporary positive effect. You are right that eventually, it leads to a disaster. That is why I believe that fiat will become the past. Humanity can either make a slow transition to cryptocurrencies or learn it the painful way when currencies like the dollar and euro collapse. Either way, I think the outcome will be a decision to turn to the kind of money that cannot be controlled and manipulated like that. And this money is crypto money.

Venezuela has printed money without consideration of a mature monetary economy. now they are get the consequences, escaping from monetary economy is very difficult and many countries has experience it.
printing large amounts of money without any money reserves in the form of USD and without having a lot of gold reserves, would be a disaster for that country.

printing too much money will certainly affect many areas of economics as well as politics. The biggest lesson from printing money is Venezuela. now people have to take advantage of buying lots of Bitcoin and have to migrate through other countries to live.
Inflation has risen too high and it has gone out of control, I think Venezuela needs more than 50 years to begin to restore the financial situation.

If im not wrong, printing money continously is quite analogous to generating unlimited useless tokens or coins and exchanging it to BTC and other major cryptocurrencies and is being done by malicious actors - in this case, money is traded to USD and other major international currencies. I think you will have ideas on which countries are benefiting from this scheme.

I don't know how young you are, or if you have been in the economic crisis in 2008 but printing money out of thin air will not solved any problem, on the contrary it will just it make worst, it's one of the reason of causes of inflation.


That's why it's about to change with people know that crypto is better than fiat. I mean government's enslave us will all this money around and putting more people in debt.

But we still trusting those paper money and running for it all of our life,when it going to change.

EVen if we are earnig more and more money we will go into the debts again because our governments will print more money,so pathetic.We have the solution already but we made the bitcoin into asset rather than using as currency.

That's why I said Bitcoin >> fiat
Bitcoin is a non-debased currency without central (bank) control, A.K.A decentralized.

That's true, but people could still track the total supply of tokenized fiat, and there is a high chance that fiat would be pegged to Bitcoin. USDT is not a good example of tokenized fiat.

Yes, the over-reliance on monetary accommodation or easing to stimulate economies is good for bitcoin given that bitcoin has a fixed rate of inflation. Investors love stability and predictability, which bitcoin provides due to its mathematical nature. So as fiat currencies are devalued, investors will flock to bitcoin, precisely because its supply is fixed.

No matter, It will still remain a centralized currency that works the same way as it is currently. Just a new (digital) currency that uses cryptography. But it will remain the currency of the government and not of the people.
Government budgets are so complex that you need several doctorates in everything just to find how you will maintain your economic plan for the next year.

How would they benefit? I suppose from a surveillance perspective they would since the GovCoin would naturally entail some sort of KYC aspect, applied to a public blockchain. Sounds quite Orwellian, actually.

But I'm hoping people aren't so stupid that the launch of GovCoin would seriously hamper Bitcoin adoption. The promise of decentralized programmable money with predictable scarcity......it seems too great to be obscured by some bait-and-switch government scheme. 

Bitcoin might be limited, but what if governments build an unlimited fiat token like USDT on top of Bitcoin? It will still allow them to print money out of nothing, and debt will still be part of people's lives.

If they don't want to build on top of Bitcoin they can set up their own centralized network. Governments can benefit from this crypto revolution just as much as we do, which some people haven't really thought about yet.

Another thing is that people love to buy things they don't have the money for, so even with all the best intent in the world, if people themselves don't stop buying things with debt, it just won't stop debt at all.

Supply and demand kicking in again. There is what seems to be an endless demand for debt, and there is a lot of fake money in circulation to meet it, and in case there isn't enough in circulation, more will be created to even it out.

So much money out in the market is too risky for every country and that is why they can’t print money for the whole year they have limit it as well and if the money is too much circulating around government will make way to get back that money becaue if not big inflation will occur. Cryptocurrency is a good option if we don’t want to feel the inflation, investing makes you effective and makes your money grow even if the value of your fiat decreasing.

Possibilities are there but USD had been rooted too deep and which I cant see a possible scenario that its demand would come to a point
that goes to the floor this is why its being considered to be the most powerful currency as of this moment.Well, we wont know on what
would happen on future but it wont really come to a point that it would dragged out to hyperinflation.

The money is based on debt. What I got is if it wasn't possible to borrow money from banks the economy could not even exist. Too easy for governments and central banks to print money when its the population that will suffer from the result. I don't think people in Zimbabwe have a great life there. Too easy to charge people more taxes and to ask them to work longer. (to get almost nothing for your retirement as a 'bonus'))
At least with Bitcoin & its limited supply, you can't create unlimited bitcoins and can't produce counterfeit bitcoins.

Good point, in reality what we do is masking problems, it's just a matter of time when it will explode. Now even Argentina wanta to print money.
In reality deal is following: set limit on how much money one person can own. Why the hell do someone owns billions when he/she can't use it during his/her life? There must be a limit on net profit on person.
And also, do you know what breaks us? Money that is spent in military, we don't like piece, we war, we rob, we steal, we damage, we break, we do all shit.