Why not just print dollars? - page 15.

pisston

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Quote from: Love! on July 16, 2017, 06:39:24 AM

Quote from: GriffinHeart on August 02, 2015, 02:35:24 AM

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

The specific material needed for crypto is a computer. Let's not forget that.

Just like a tree is ultimately needed to print paper money, the materials needed to make computers are needed to mine crypto.

The guys we're talking about already no area. The fact is that printing state banknotes personally, this is a huge crime and in some countries even life imprisonment is foreseen for this. So it seems to me that it's Empty talk, If you do not want to risk your life.

Love!

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Quote from: GriffinHeart on August 02, 2015, 02:35:24 AM

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

The specific material needed for crypto is a computer. Let's not forget that.

Just like a tree is ultimately needed to print paper money, the materials needed to make computers are needed to mine crypto.

ilovefeetsmell

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Quote from: HarringtonStark on May 13, 2017, 08:38:05 AM

If you keep printing dollars, the currency will become valueless. The Spanish have done the same thing before and that is what happened.

I think it out before, why they did not print a lot of money to avoid shortage and debt into other countries. In the Philippines every Filipino born, they will have debt in big bank company worth P300,000 or $6000, I don't know if it is true. Printing money was a good idea but the money will low value because people can make their money and the ecosystem will imbalance. All people can afford everything in this world, may be it will also be the reason to make bad things to others. Money is very powerful so that's why many people praise.

pitham1

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Quote from: lisa255 on July 15, 2017, 04:18:01 PM

Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything

All countries do this. Printing money results in inflation; printing more money results in more inflation. In the end, the government has to decide what is an acceptable inflation target.

Ctn

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Because printing first will make the dollar loose its value in the market. When something is available in unlimited form then it doesn't have value. It looses it. Just take example of solar energy, its unlimited but they don't use it on large scale. Same way bitcoin is limited and hence people will rush for it, will put more money into it to get it and ultimately increase the value for same.

choppork

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Quote from: naidray on July 15, 2017, 02:49:23 AM

Quote from: Duzter on July 15, 2017, 12:17:45 AM

When the availability increase than the requirement, surely the value of the dollar will decrease. So just based on the value backing dollar is printed and few countries have did the same these days.

But governments now a days not at all worrying about long term perspective but looking for solving immediate problems that is the reason they are simply printing money regardless of their reserving and production levels which slowly pushing down common people with less buying powered momentary system.

I do hear united states is not at all following the basic criteria of printing currency notes or they might have altered those basics as per their need. But still dollars has power against most developing country. It may be possible for them with export levels but any sudden changes may backfire them for sure.

All this comes down to the idea of instant gratification. Instead of solving the problem by making the economy of the country grow, they just print more money and don't even consider how will that affect the common people. People think that things has become more expensive but in reality, it's just their currency inflating. The jobs pay the same amount but the value of that same money has already declined.

I wouldn't really think about it that much. Most leaders aren't team players. The country needs to pay something? They signal on printing more money. They don't do long term solutions because they are just there so they can do corruption. A lot of presidents were elected for business. They invest money on advertisements during the campaign and then they get more money in return when by corrupting the whole country when they win. Maybe this doesn't happen on US but in most countries especially third world ones. It's also the reason why some countries, despite of having abundant resources, don't get rich.

Mbokani

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Quote from: lisa255 on July 15, 2017, 04:18:01 PM

Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything

It is a really pathetic situation and so is the case with some African countries too,if you have bad economic decisions the country will suffer without a doubt ,those stupid government thought they could counter the market situations by pumping more currencies and that spiraled the entire economic situation and messed the entire situation.

lisa255

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Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything

arpon11

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Op in my kindly opinion the principle of Economic is against that. We should not see production of money like bitcoin that we can mining or others cryptocurrency but dollars is a regulatory currencies that only American government can issues and control and the government did not want to create inflation by allowed any body to produce their own.

Przemax

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For me personaly there is no convincing reason not to just print the dollars instead of borrowing them from a third party.

There are some official reasons why such a sittuation might be beneficial.

1. Someone is taking responsibility - mainly banks.

2. They say there are some benefits in managing the interest rates.

3. Fear of the big government.

Better question is to print or not print imho.

jaysabi

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Quote from: Lampaster on July 15, 2017, 05:17:31 AM

Quote from: Haesoo on July 15, 2017, 05:10:41 AM

Quote from: olliedickman on May 14, 2017, 11:00:34 AM

The inflation dude. The more you print dollar the less valuable it can be. Therefore, people do not want to print more and more money and if the government decide to do that, they are trying to against you

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.

In fact, all is not so simple. In many countries inflation is much higher and the local population uses the dollars to save their funds. This restrains inflation in America and so the American government can afford to print dollars in huge quantities without fear of inflation.

Most of the money supply increases don't even come from the Federal Reserve but from fractional reserve banking. Banks take deposits and loan a fraction of it out, but the full amount is payable on demand to the depositor. There is now more money in the economy because of this, the physical currency exists that has been lent out, and the hypothetical currency the depositor can withdraw and counts as an asset. If the borrower uses his loan to increase the goods or services in the economy, the added growth pays back the loan and the money created in this system is warranted. If he defaults, that money disappears from the economy. When this happens on large scales, banks fail and we have a recession.

Lampaster

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Quote from: Haesoo on July 15, 2017, 05:10:41 AM

Quote from: olliedickman on May 14, 2017, 11:00:34 AM

The inflation dude. The more you print dollar the less valuable it can be. Therefore, people do not want to print more and more money and if the government decide to do that, they are trying to against you

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.

In fact, all is not so simple. In many countries inflation is much higher and the local population uses the dollars to save their funds. This restrains inflation in America and so the American government can afford to print dollars in huge quantities without fear of inflation.

Haesoo

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Quote from: olliedickman on May 14, 2017, 11:00:34 AM

The inflation dude. The more you print dollar the less valuable it can be. Therefore, people do not want to print more and more money and if the government decide to do that, they are trying to against you

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.

naidray

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Quote from: Duzter on July 15, 2017, 12:17:45 AM

When the availability increase than the requirement, surely the value of the dollar will decrease. So just based on the value backing dollar is printed and few countries have did the same these days.

But governments now a days not at all worrying about long term perspective but looking for solving immediate problems that is the reason they are simply printing money regardless of their reserving and production levels which slowly pushing down common people with less buying powered momentary system.

I do hear united states is not at all following the basic criteria of printing currency notes or they might have altered those basics as per their need. But still dollars has power against most developing country. It may be possible for them with export levels but any sudden changes may backfire them for sure.

Duzter

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When the availability increase than the requirement, surely the value of the dollar will decrease. So just based on the value backing dollar is printed and few countries have did the same these days.

mklost

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The problem is trust because people need some confidence to the value and a printed paper without general acceptance its difficult to accept in that sense btc align the concensus of the economy and acceptance.

crazycatwoman03

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Quote from: GriffinHeart on August 02, 2015, 02:35:24 AM

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

Right, this would be the advantage of bitcoin in other currecy which have a fiat. Because it can earn/generate through online that will result another income for the other. With the price more user are interesting, it is because on their just small amount of money they have a chances to get a big profit. This idea will help to encourage other people to use this/earn or use as a business. It is hard to happen, many fiat are used by people that are most demand than bitcoin and already accepted by stores.

kelseydustin

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The inflation, dude. That is why people not print dollars more and more. As you can see, if Satoshi did not limit the number of bitcoin can be mined, the price of bitcoin could not be as high as it is right now. The more bitcoin we have, the less value it can be.

snorlaxwithhat

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Yes, many of us have thought about that, now that's why we're all here. No one can print bitcoin haha

Paid Piper

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Quote from: killerfrost on July 13, 2017, 12:09:34 PM

Quote from: cafucafucafu on August 01, 2015, 06:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

Bitcoin is a virtual currency and therefore it is not physical or material. So it can not be copied or copied as cash. You do wrong when it comes to saying that Bitcoin is a real value, it's just an online, fast, convenient and extremely secure online exchange.

currently bitcoin is mostly us as online currency as it is not yet so much introduced and the users of bitcoin are not too much but with the passage of time I am sure that bitcoin will become more and more popular and then we will even use it in local shops also.

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